Category: Beef Market Update

Beef Market Update — Double Whammy from the Dollar as “Normal” Cattle Market Returns in Q1

The first quarter of 2016 is in the books and it’s becoming clear the last two years in the cattle market were likely outliers. “Unfortunately it’s a reminder of what normal is. 2016 is nothing like 2014 and 2015 which were really bull markets that kept running through most of both years. That’s not the… Read more »

Beef Market Update: Canadian Ranchers Not Following U.S. Into Rapid Expansion Mode

Are we finally seeing signs of expansion in the Canadian beef herd? If you dig deep enough into Canadian cattle inventory report published by Statistics Canada last week, you might just be inclined to answer yes. The twice-a-year report showed total cattle and calf numbers across the country on January 1 were up just 0.3 percent… Read more »

Beef Market Update: U.S. Herd Expansion, Winter Storms & Producer Optimism

Cattle prices may not be where they were a year ago, but ranchers are generally still an optimistic bunch at current levels. Anne Wasko of Gateway Livestock joins us in the middle of her busy winter meeting circuit for this latest edition of the Beef Market Update. Domestically, the volatile Canadian dollar continues to play with… Read more »

Beef Market Update: Cattle Market Rallies on U.S. Weather…For Now

Anne Wasko of Gateway Livestock, in conversation with guest host Kelvin Heppner. . It’s an interesting time for cattle markets, with the Canadian dollar hitting record lows, weather in the United States putting pressure on supply estimates, and the recent repeal of country-of-origin labelling (COOL). In fact, as we start off the new year, we’re seeing a pretty… Read more »

Beef Market Update: Prices Drop Below Year-Ago Levels, With One Exception

The beef price cycle certainly appears to have peaked, as Canadian cattle prices have dropped below year-ago levels in the last few weeks. Anne Wasko of Gateway Livestock and RealAg’s Shaun Haney try to look through the fog of what’s happening in the beef market, with dropping prices and increasing protein supplies across North America, in… Read more »

Beef Market Update: Feeder Exports Down, Despite Low Loonie

In this episode of the Beef Market Update, Gateway Livestock’s Anne Wasko joins Shaun Haney in-studio for an update on the extreme volatility in the beef market since September. The duo talk about the changing market, sluggish U.S. exports, diminishing Canadian feeder cattle exports (down 67% since July) and the aggressive inventory expansion efforts of… Read more »

Beef Market Update: Another Setback as Fall Calf Run Peaks

Cattle markets, led by the futures in Chicago, took another tumble this week. “It’s been discouraging, disappointing, but again markets have shown us this this fall, when they make a move, it tends to be pretty violent or erratic,” says Anne Wasko of Gateway Livestock in this latest Beef Market Update. “We don’t seem to move… Read more »

Beef Market Update: It Could Be Worse

We’re not entirely sure how the Beef Market Update started and ended with turkey and the Jays, but the real meat of this week’s podcast centres around how fed cattle prices have dropped, with both the feeder and calf markets following suit. On what we can expect for the rest of the year in the… Read more »

Beef Market Update: Fed Cattle Market Appears Shakey While Feeder Cattle Prices Find Record Highs

It’s an interesting market for beef producers. While fed cattle are still struggling to find their market low, feeder animals are well above last year’s prices. And cow/calf producers may be feeling relieved, but will good margins be enough to persuade herd expansion? We hand Shaun Haney a bar of soap for this mid-September edition of the Beef… Read more »

Beef Market Update: Big Volumes and Bigger Prices Kick Off Fall-Run Sales

Where were we just one year ago? The Canadian dollar sat at 92 cents U.S. and cattle prices were at all-time highs. Those price levels have since been passed, to everyone’s surprise, but the dollar has taken an absolute beating in just a year’s time. Anne Wasko, of Gateway Livestock, joins RealAgriculture’s Lyndsey Smith for… Read more »

Beef Market Update: A Slide in Global Markets Will Pressure Cattle Prices…Eventually

As summer begins its last hurrah and ranchers anticipate the fall run, the underlying factors of supply and demand are still supporting cattle prices. But very large, global shifts in markets and economic stability are causing all sorts of fallout for grain and oil markets — how long before those macro trends pressure cattle prices?… Read more »

Beef Market Update: Keeping a Watchful Eye on the U.S. Herd Expansion

It’s tough to talk about the cattle markets and not focus solely on the demand side which, if we’re being honest, has been nothing short of impressive. But price is a function of two components — supply being the balance to demand. While Canada’s beef herd continues to contract, ranchers in the United States have… Read more »

Beef Market Update: This Drought Won’t Dampen Scorching Beef Prices Anytime Soon

Anyone with an eye on mainstream media or the meat shelves in the grocery store won’t be surprised to hear that the average beef retail price has hit another record high, weighing in at $19.69/kg. “That’s up 3% from last month, but more importantly i think — this is what people are going to hone into… Read more »

Beef Market Update: Brown Grass, Unprecedented Basis Levels, & Why the Canadian Cow Herd Isn’t Growing

Rain doesn’t just make grain, it makes beef too, and much of Saskatchewan and Alberta is in desperate need of moisture to support the cattle out on grass. In this episode of the almost-in-person Beef Market Update, Anne Wasko, of Gateway Livestock, and Shaun Haney, of RealAgriculture, cover some serious ground, from the possible repealing… Read more »

Beef Market Update: Lofty Prices, Tight Basis Levels & COOL News

It’s been a big week for the beef industry, with news that the World Trade Organization has ruled against Country of Origin Labeling for a fourth and final time and the subsequent — almost immediate — introduction and approval of a bill to repeal it by the U.S. House Agriculture Committee. But, what does all of… Read more »