Even though NAFTA negotiations are underway, TPP is still vitally important if Canada and the US want to expand exports. President Trump removed the United States from TPP shortly after his inaugaration, which has caused some of the remaining eleven TPP countries to do some soul searching. Canada has been searching for its own identity… Read More
Category: Meat Markets
As Canadian ranchers and feeders head into the the thick of the fall run there are many variables that come into play. Fluctuations in export demand, the Canadian dollar, futures prices, weather, trade, and feed costs are all hanging over how great of a fall it will be for producers. At the Canadian Beef Industry… Read More
The Canadian economy has been healthy as of late, which has many farmers with higher debt levels somewhat concerned about interest rate increases in the near future. Farmers have enjoyed a low interest rate environment for quite some time, but the reality is – the Bank of Canada has some some decisions to make. Additionally… Read More
Starting August 1, 2017, Japan has triggered a safeguard to increase the tariff on its frozen beef imports from countries that it does not have a free trade agreement with. Increasing the tariff on frozen beef imports from 38.5% to 50% will impact Canada and the United States and not Australia, Chile and Mexico who… Read More
The markets continued their strong bearish tone as grains and oilseeds pushed lower across the board for the second day in a row on Tuesday. On Monday, one excuse was that Friday’s bearish cattle on feed report sparked a push to sell. Expected rains in the U.S. midwest later this week have certainly driven some… Read More
If you were looking for the the July 1 USDA cattle on feed report to shock the market to the higher side, it did not deliver. Overall, cattle on feed in the United States were up 4 percent compared to a year ago, with heifers and heifer calves on feed up 11 percent compared to… Read More
JBS has announced a deal to sell Lakeside Feeders at Brooks, Alberta back to its previous owner, Nilsson Bros. JBS Food Canada Inc, the Canadian subsidiary of the scandal-plagued Brazilian meat industry giant, announced on Friday that it has an agreement to sell its 75,000 head feed yard and adjacent farmland to MCF Holdings, a… Read More
November is always a very interesting time for the markets. Analysts begin to have an idea of the crop volume and quality and farmers and looking to solidify their new crop marketing plans and are already beginning to think about planting intentions for the coming spring. Farmers also have to increasingly pay attention to the… Read More
Montana-based cattle membership organization R-CALF has launched a multi-pronged attack to convince President Trump to reinstate mandatory country of origin labelling (MCOOL) in the upcoming renegotiation of NAFTA. On Agritalk on Thursday, R-CALF CEO Bill Bullard argued for MCOOL on the basis it supports President Trump’s “America first” policy, food safety, and America’s sovereignty, since the… Read More
The cattle market has had more than a few surprises lately. After maintaining momentum to the upside longer than expected, the market saw a quick adjustment to the downside this week, as Anne Wasko highlights in this latest Beef Market Update. “Not that the downtrend wasn’t expected, we’re heading into the summer. We’ve had a… Read More