It’s grilling season and feed prices are down. Now that we’ve got the two positives out of the way, it’s time to talk tough realities for the hog market. Christine McCracken, executive director animal protein for Rabobank, says cooler weather in the hog-producing areas of the U.S. has meant heavier hogs coming to market. Combine… Read More
Category: Meat Markets
It was a busy holiday week for BBQs both in Canada and the United States. The holidays, combined with a plant closure in Kansas, all amount to less beef being processed this week. While there wasn’t a report from USDA on Thursday, markets closed Wednesday night with choice cutout at six and a half dollars… Read More
A mid-week U.S. holiday this week didn’t affect beef kill but closed futures and packers wanting to dial markets back from last week’s new cash high combined for slower trade for beef markets. In this week’s Beef Market Update, Anne Wasko with the Gateway Livestock Exchange, says cattle feeders want to keep the momentum rolling… Read More
The strike at Cargill’s beef processing facility at Guelph, Ont., is nearing the two-week mark, forcing cattle to be marketed elsewhere in and outside the province. Around 960 workers at the Cargill facility, which can processes around 1,500 head of cattle per day and represents between 75 and 80 per cent of Ontario’s beef processing… Read More
Cash trade in the south and in Canada was pretty quiet this week, nudging off the start of June versus any real kickoff to the new month. In the U.S., slaughter was down this week too, bumping the cutout price a little in the post-Memorial Day shortened week, says Anne Wasko with the Gateway Livestock… Read More
Rain makes grain, sure, but rain also makes green grass which makes for a very happy Anne Wasko of the Gateway Livestock Exchange, who joins Shaun Haney for this episode of the Beef Market Update. Green grass in many parts of the Prairies is a welcome change compared to the last few years, and it’s… Read More
Cattle markets have been quiet throughout the American Midwest, with the choice market up from last week, but under where it was at the same time last year. The choice to select market is still under the five year average, according to Anne Wasko of the Gateway Livestock Exchange. This is a good indication that… Read More
After a decent start of better markets in terms of cash cattle, the futures market ended the week to the down side. This volatility is related to news around the ongoing outbreak of Highly Pathogenic Avian Influenza (HPAI), currently confirmed in eight U.S. states and in 33 herds of U.S. dairy cattle. Earlier in the… Read More
Cattle market moves are interesting this week, as prices move opposite directions in Canada and the U.S, demand for hamburger tidies up some supply, and feeder cattle movement remains strong. Every second Friday, the Beef Market Update brings you the latest in cattle movement numbers, beef export stats, value changes and so much more. This… Read More
Cattle markets reacted negatively to the news earlier this week of dairy cows testing positive for HPAI in Texas and Kansas. As Anne Wasko of the Gateway Livestock Exchange explains, it’s unfortunate but not unexpected to see a downward dip in futures when uncertainty creeps in to the marketplace. Cash trade in the U.S. was… Read More