If you’ve been following along with the cattle markets, you’ll know the choice cut out has faced some extreme gains over the past five weeks. Naturally, it makes sense that the markets are going to take a bit of a breather, says Anne Wasko of the Gateway Livestock Exchange, but that doesn’t mean we are… Read More
Category: Meat Markets
Believe it or not, winter is going to quickly come to an end, and cattle markets are picking up on this. As we pass mid-February, the seasonality in the cutout price is starting to pick up, says Anne Wasko of the Gateway Livestock Exchange, as we make it through the lull of January and February…. Read More
North American pork supply is predicted to be tight in the first quarter of 2023, with uncertainty around consumption levels, but there is hope for increased trade opportunities. Cost pressure is increasing across the board from feed, to labour, to fuel. The value chain is feeling this inflationary pressure, says Christine McCracken, senior analyst of… Read More
We’ve got some supply issues in the cow/calf sector, and we need to rebuild the U.S. cow herd. This is the message that Kevin Good, vice president of CattleFax, is sharing this week at the National Cattlemen’s Beef Association Conference (NCBA) at New Orleans, Louisiana. After four years of massive liquidation across parts of North… Read More
It’s been a mild January so far in Saskatchewan, where star of the Beef Market Update, Anne Wasko of the Gateway Livestock Exchange, is reporting from today. Wasko joins guest host Lyndsey Smith this week to discuss cattle prices in the U.S., Western Canada, cattle-on-feed numbers, Canadian kill prices, and more. Check out the full… Read More
Beef and cattle markets south of the border started the year off steady and on solid footing, which is good news at the wholesale level. Does this steady market offer a suggestion of what’s to come? For this first Beef Market Update of 2023, Anne Wasko, of the Gateway Livestock Exchange, joins Shaun Haney to… Read More
When it comes to the Canadian cattle industry, 2022 may not be quiet as reviled as 2021 and its extreme drought, but it’s unlikely to rank in the top five best years for many. While the year definitely shows well in the cattle prices category, it’s the profit and loss statement that really tells the… Read More
It’s not often, and never a good thing, when the basis drops lower than the temperature. Anne Wasko, with the Gateway Livestock Exchange, says that the chilly basis in Western Canada, currently at about -30 to the U.S. cash market, is certainly reason for cattle feeders to look forward to a calendar flip. “It is… Read More
Update, as of Nov. 9: Maple Leaf Foods says it is implementing workarounds to maintain operations at its plants while a team of cybersecurity experts continues to work on resolving the “comprehensive” outage caused by a cyberattack. CEO Michael McCain told investors in a quarterly earnings call on Nov. 8 that all the company’s plants… Read More
Not for the first time this year, the Canadian and U.S. cattle market are out of sync. As Anne Wasko explains in this week’s episode of the Beef Market Update, it’s becoming a bit of a frustrating topic, as she had hoped we wouldn’t still be talking about it in October. Check out the full… Read More