Category: Beef Market Update

Beef Market Update: Big Protein Supplies On All Sides

Beef is facing stiff competition from other proteins as huge North American pork and poultry production is coinciding with big beef supplies. “We have issues on all sides of the fence. We’re looking at record production on both pork and poultry right in front of us,” explains Anne Wasko of Gateway Livestock in this Beef Market… Read more »

Beef Market Update: Finding the Market Floor and Relief in the Grocery Store

With every bounce off of a new low in the cattle market, there’s hope prices have finally bottomed out. October live cattle futures in the U.S. have recovered by $7-8 in the last week, after dropping to around the $100 mark in the first week of September. “Hopefully we can look back, and I know… Read more »

Beef Market Update: Capping Off a Frustrating Summer

A frustrating summer has come to a head over the last few weeks, as already-weak cattle prices are on a streak lower. Cash prices in the U.S. have fallen to $110 per hundred weight, notes Anne Wasko of Gateway Livestock. “That’s the lowest they’ve been in five years, and that’s five bucks off of last… Read more »

Beef Market Update — CBIC ’16 Edition: Buying Back Demand

The inaugural Canadian Beef Industry Conference is underway in Calgary, Alberta this week, and this morning, RealAgriculture’s Shaun Haney and Gateway Livestock’s Anne Wasko took the opportunity to film a Beef Market Update in-person, in our studio on the trade-show floor. The duo started off talking about some of the good news in the industry, how we’re… Read more »

Beef Market Update: Feedlot Losses Signaling Cautious Fall Sales

With fat cattle prices in Alberta $40 lower than they were a year ago, the view from where the cattle feeders will be sitting come this fall’s sale season will look different than it did in 2015. “Estimated losses in July for cattle finishing in Alberta on a spot-to-spot basis are about $350 to the… Read more »

Beef Market Update: Already Weak Markets Meet ‘All-Out Surprise’

It’s been an interesting week for market analysts. According to Gateway Livestock’s Anne Wasko, cattle prices had a tough week leading up to Friday, then “Brexit — the ‘leave’ victory — sort of sent markets into an upheaval.” Commodity Analysts, Traders and Media React to Brexit Decision The news that the United Kingdom had voted to leave… Read more »

Beef Market Update — Wholesale Prices Holding Firm, Negative Feeder Margins Finally Narrowing

A big spike in the United States’ live cattle cash market left producers hopeful late last week. “In the south — down in Texas, Kansas — we had the market up three dollars, to $1.28 US,” explains Gateway Livestock’s Anne Wasko, in this week’s Beef Market Update (included below). “And the northern markets — Nebraska, Colorado,… Read more »

Beef Market Update — Export Growth Perseveres in Face of Tight Supplies

Earlier this week, Brian Perillat, senior analyst with Canfax, joined Shaun Haney to talk about the May 1 cattle report. The report, published Sunday, showed on-feed numbers in Alberta and Saskatchewan up 8%. What caused the bump? “As Brian alluded in that last interview, the cattle that didn’t go south — the feeder cattle last fall… Read more »

Beef Market Update — Lower Retail Prices Needed to Barbecue Through Big Beef Production

Retailers are enjoying this part of the beef cycle. Producers? Not so much. Cattle futures put in some new lows last week, as Anne Wasko of Gateway Livestock joins us for another Beef Market Update. With slaughter levels in the U.S. up around 10 percent for the last two weeks of April, there’s been a… Read more »

Beef Market Update — Could the BBQ Market Chew Us Out of This One?

Cattle feeding does take a true cast iron gut at times.  Whether it is dollar exchange, feed costs or external political factors, the volatility in all the profit and loss variables is enough to drive you mad. In this weeks Beef Market Update Anne Wasko and Shaun Haney discuss the beef markets and how the… Read more »

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 »