Last week's U.S. beef market opened with the same strong numbers leading up to American Thanksgiving. By the end of the week, numbers had, as expected, weakened somewhat, as supplies increase in the U.S. In Canada, the reverse is true for supplies — as the fall run ends, the basis is tightening. Canadian cattle producers... Read More
Category: Podcasts
The markets are volatile and could be described liked standing inside a hurricane at times. Only this time the hurricane was real. With Hurricane Sandy ripping through the east coast, the impacts on beef demand must be questioned. With the XL Foods hangover working its way out, feed yards and ranchers are trying to get... Read More
With less cattle slaughter capacity in Canada, many ranchers and feedyards are concerned about the possibility for the feeder cattle and live basis to significantly widen. A basis that gets too wide makes the current Canadian model unworkable. Currently the live cattle basis sites at 16-18 which is the same as last year at this... Read More
The fallout from the XL Foods meat recall continues as the latest development has the CFIA shutting down the Brooks facility until corrective actions can be taken. In the meantime, consumer confidence continues to wane as the urban sector tries to wrap it's head around what is happening. See all of all of the RealAgriculture.com... Read More
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 many... Read More
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
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
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
"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
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... Read More