Category: Beef Market Update

Beef Market Update – Beef Recall Shakes the Market

The recent meat recall at XL Foods is just another issue to provide adversity to the Canadian cattle industry.  With one of two Western Canadian packers being forced to deal with a meat recall the lift lines have pushed an already wide basis wider.   Additionally, the topic of a struggling pork industry has left… Read more »

Beef Market Update – The Grind Higher Plays on the Nerves of Producers

As we get closer to the rush of the fall run and there are many questions on the table. In this episode of the Beef Market Update, Anne Dunford and Shaun Haney discuss the grind higher and the difficulty of trying to take proactive risk management strategies with such volatile corn and feed barley prices…. Read more »

Beef Market Update – Severe US Drought Impacts Cattle Market

The US drought is capturing the attention of many people.  One of the groups that is majorly impacted by the drought but has been lost in this meteorological drama is the beef industry.  The US drought is playing a major role in the decision making of some beef producers and feedyards heading into the fall… Read more »

Beef Market Update – Canada Claims Victory Over US in WTO Ruling on COOL

We could easily call this episode of the Beef Market Update the “even Steven” episode or the “good news bad news” episode as it seems as though every point has a counter-point and every yin, a yang. In some cases it’s less of a counter-point than it is a “wait just a minute, not so… Read more »

Beef Market Update – Cautious Optimism Among Producers at the Saskatchewan Stock Growers Meeting

“The number one cure for high prices is high prices” That also was a pretty good reflection of the mood surrounding the Saskatchewan Stock Growers annual general meeting this week.  There is  great optimism for the rancher heading into the fall run as I expect feeder cattle to have strong prices attached to them.  Whether… Read more »

Beef Market Update – A Look Ahead to the Fall

This friday is the release of the USDA Cattle on Feed report and the early consensus is that US feedyard placements will be confirmed tighter.  As Anne discusses in the video, this is the scenario that many thought would play out last year but the drought proved otherwise.  An interesting issue is that there is some… Read more »

Beef Market Update – A Complicated Market & Potentially Ugly Summer

This edition of the Beef Market Update is…….complicated. Let’s start with the things we expected. We knew those summer lows were coming and we knew that risk management would be extremely valuable to producers in this volatile market. We even expected a little bit of the unexpected, i.e. a recent case of BSE in California…. Read more »

Beef Market Update – Spring Highs, Summer Lows & Everything In Between

In this episode of the Beef Market Update, we break down the latest U.S., Alberta and Saskatchewan Cattle on Feed reports. As far as the reports go, there are no big surprises with numbers up 3% in both. What do those aggressive placements mean for numbers come summer? What kind of lows can we expect… Read more »

Beef Market Update – What to Think About $130 Live Cattle Market

One of the questions on every producers mind is, “How long can these prices continue?” Looking at the demand side, we don’t see any real indication beside the seasonal dips that regularly occur. On the skeptical side however, whenever we have an extended run like this we have a tendency to wait for the other… Read more »

Beef Market Update – NCBA 2012 – The Rancher is in the Drivers Seat

If a person were to describe the overall mood of this year’s NCBA Conference, it would be descibed as price bullish and margin bearish. As we have mentioned before, it’s a cautious optimism for feeders and packers, which comes with a recognition of the volatility that producers have gone through and are also facing in the future…. Read more »

Beef Market Update – Cattle Industry Sees Opportunity to Make Money in 2012

Volatility was the recurring theme in the cattle industry over 2011. The fact is that the mood created by that volatility has carried into 2012. Even with things looking up for producers, the violent swings of the 2011 market are tempering any optimism with caution. Those sentiments were apparent at this year’s Tiffin Conference as… Read more »

Beef Market Update: Annes Christmas Wish List

It’s Christmas on this episode of the Beef Market Update and this year we get Anne to give us her Christmas list. 2011 hasn’t been a perfect year. The Beef Market Christmas tree has a few bright ornaments and a few broken branches to mark the 2011 calendar year. The year finished with some bright… Read more »

Beef Market Update – Will 2012 Be Great For the Rancher and the Cattle Feeder?

Where will 2012 see the cattle market go? Who’s star will rise? there is potential for a great year for the cattle feeder depending on where the global economy will leave the Canadian Dollar and the demand for beef. That profitability could be tempered by rising feeder costs. The cow calf producer looks to be facing a great… Read more »

Beef Market Update: WTO Rules in Favor of Canada on COOL

The major story on every beef industry radar was last weeks WTO ruling in favour of Canada with regard to the U.S. Country Of Origin Labelling legislation. The resulting effect on the market……meh. The fact is, the entire industry is awaiting the U.S. appeal and the looong drawn out process to begin again. It’s a… Read more »

Beef Market Update: Balancing Volatility & Strong Fundamentals

Understanding the cattle market right now can be a real head-scratcher if you don’t know what to pay attention to. Trying to determine the factors influencing the wild market swings is like chasing the wind. There are a number of outside factors all exerting some kind of influence from unstable overseas markets to inside bids… Read more »