If you cannot se the embedded video player above, Click Here Anne Wasko and Shaun Haney discuss the recent cow slaughter prices. As Anne mentions to Shaun there is some interesting issues at play here. Domestic cow slaughter 1st quarter is down 7% while exports are double last year meaning that disposals are up 20%… Read More
Search Results for: beef market update
If you cannot see the above embedded audio player, Click Here Anne Wasko and Shaun Haney discuss the finalization of the JBS – XL Foods US plant purchases, why cattle packing plants cannot seems to get current, whether there could be further packing plant closures, basis outlook and the possible scenario for higher live cattle prices in… Read More
If you cannot see the above embedded audio player, click here With growing speculation that feedyards in the US and Canada would be attempting to contain losses by limiting the amount of cattle they fed, the February placement number in the USDA Cattle on Feed Report confirmed it. The March 22, 2013 USDA Cattle on Feed report… Read More
February is a busy month for cattle conventions. The American industry hosted the National Cattlemans Beef Association convention and the Alberta cattle industry hosted the Alberta Beef Industry Conference. Anne Wasko (Dunford) represented RealAgriculture at both events this year. See More Beef Market Update Episodes In this episode of the Beef Market Update, Shaun Haney… Read More
Managing your risk continues to be the message that drives the decision making strategies of feedyards and ranches in Canada and the United States. One piece of stability to the Canadian market is the announcement that JBS will be exercising its option on the XL Foods purchase. All this and more in the Beef Market Update with… Read More
2012 is winding down, but optimism and fed cattle prices are up. Heading into to 2013, the Canadian beef cattle industry looks strong, although high feed prices are still weighing on the market. Our American friends are still struggling with a drought that isn’t resolving quickly, which may offer some support to prices in the… Read More
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
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… 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