The latest USDA Cattle on Feed report shows once again that the “wall” of cattle was not an unreasonable description. Thankfully, sustained consumer demand has helped greatly. The June report met expectations and further confirms what a bulk of analysts have been talking about the entire 2018 marketing year. Anne Wasko, with Gateway Livestock Exchange… Read More

HyLife Foods celebrated the expansion of its hog processing plant in Neepawa, MB, this week — an expansion that has been driven by growing demand for Canadian pork in Japan and China. The La Broquerie-based company has added 100,000 square feet to the facility, including new cutting floor space, a shipping/packaging area, and more cooling… Read More

Cattle and lean hogs futures have slid in the past 30 days as livestock producers look to protect themselves from downside risk. Besides oats, which are down 10% in the past month, the protein complex has been the worst performer of all the agricultural commodities in the last month. In the past 30 days: April… Read More

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