Cattle markets have remained strong, although we saw a technical correction lower on the futures market this week. “Maybe we’re getting a little numb to it, but futures markets continue to be extremely explosive whenever they tend to move. Up until this week, the market’s been building to recent highs, but futures markets, led by… Read More

The Bank of Canada raised the overnight rate target to 1.25 percent this week, with a cautionary note that touched on the uncertainty around the North America Free Trade Agreement (NAFTA). The announcement caused brief volatility in the Canadian dollar, but will this change, or the one or two other hikes expected by economists affect cattle… Read More

There’s a flavour for strong beef demand in the country, says Anne Wasko, market analyst with Gateway Livestock, which has producers feeling good about market positioning. Last week’s slaughter report showed a 6.3 percent increase in animals killed in federally inspected plants in Canada, when compared to last year at this time. It’s good news… Read More

McDonald’s, Swiss Chalet and Cargill have committed to funding a pilot project that is designed to pay cattle producers a financial incentive for producing beef that meets verifiable sustainability standards. The “Canadian Beef Sustainability Acceleration Project” was soft-launched at the recent Canadian Beef Industry Conference in Calgary. It will begin in October, with the first… Read More

On Friday the USDA released its Cattle on Feed report which provided some clarity on the placement number heading into the fall run. Anne Wasko had the following commentary – “Aug 1 U.S. Cattle on Feed Report was called neutral from guesstimates we talked about in Friday’s Beef Market Update.  I was actually expecting the… Read More

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