After sliding for the last few weeks, the cattle market clawed back some ground this week, in U.S. dollar terms, at least. As Anne Wasko of Gateway Livestock notes in our latest Beef Market Update, the basis for Canadian cattle values has quietly flipped. “Instead of our cash cattle prices trading above the U.S. equivalent… Read more »
Tag: Anne Wasko
Beef Market Update: Bacon prices, dry grass & barbecuing for Canada Day
With big supplies looming in fall, we’ve seem some huge movement on the cash market for cattle over the last eight weeks. Going back to early May, bids in Alberta topped out at around 190. This week they were in the low 150s, notes Anne Wasko in this latest Beef Market Update with Shaun Haney…. Read more »
Beef Market Update: Surprises to the upside and the downside
The cattle market has had more than a few surprises lately. After maintaining momentum to the upside longer than expected, the market saw a quick adjustment to the downside this week, as Anne Wasko highlights in this latest Beef Market Update. “Not that the downtrend wasn’t expected, we’re heading into the summer. We’ve had a… Read more »
Beef Market Update: Rallying against the trend during barbecue season
As the smell of barbecue fills the air in many neighbourhoods, this is normally the time of year when cattle market highs are well behind us. But the market moved against that trend this week, as live and feeder cattle futures, as well as cash prices, climbed higher. In this week’s edition of the Beef… Read more »
Beef Market Update – I guess that is what you call a correction
Two weeks ago we were talking about higher highs and no where to go but down for the cattle market and thats exactly what we got. The market corrected over the past two weeks which could be fine long term technically. What has hurt Canadian feedyards is that the Canadian dollar has rallied over that… Read more »
Beef Market Update: “Sometimes when things look like they could go good, they go better”
It was a wild and crazy run for the cattle markets this week, and the weekend could be the breather that funds and feedyards need. June live cattle finished the week up 3.45 percent, even with the severe limit down drop on Friday. In the last three months June cattle are up 21.44 percent, which… Read more »
Beef Market Update: Carcass Weights are Lower While the Live Cattle Futures Go on a Run
The cattle markets have seen two weeks of strong futures gains, which is bringing smiles to the faces of cattle feeders. With carcass weights lower in Canada and the United States, they’re are current and looking to fill empty pens as the cash market rises. The summer of 2016 is still fresh in cattle feeders minds… Read more »
Beef Market Update – When You Are Current, You Have Bargaining Power
Trade has been the focal point for the beef industry in North America, lately, as both Canada and the U.S. search for export growth. It seems like we talk more about trade deficits and surpluses between countries than we have in a long time. This week in the Beef Market Update with Anne Wasko, Anne… Read more »
Beef Market Update: Brazil’s Protein Bribery Case Raises Opportunity for North American Exporters
With Brazil locked in a major bribery scandal that has closed most of its export markets for beef and chicken, the cattle market scrambles to understand the full situation. Brazil is the number one exporter of chicken in the world (40%) which means if borders are shut long term, chicken supplies will be extremely tight,… Read more »
Beef Market Update: China, the Beef Export Holy Grail
It’s time for another episode of the Beef Market Update! Shaun Haney and Anne Wasko are fresh off their trip to Nashville and they have much to discuss. Canada has agreed that they will attend the the March “post-TPP” meeting in Chile with most of the other countries minus the United States. Also invited is… Read more »
Beef Market Update: 2017 Starting off on Firm Footing
We’re kicking off the Beef Market Update with likely the most positive-sounding Anne Wasko we’ve heard since last spring (it’s not her fault, dem cattle markets, you guys). Kelvin Heppner steps in for Shaun Haney in this latest look at beef and cattle prices across Canada and into the U.S., and Wasko can’t help but… Read more »
Beef Market Update — Cattle On Feed, Regional Differences, and What Annie Wants for Christmas
This week’s Beef Market Update isn’t just special because it’s festive, it’s also a rare ladies-only affair as Lyndsey Smith steps in for Shaun Haney this week as host. As always, Anne Wasko, of Gateway Livestock, fills us in on what’s top of mind for the cattle industry markets this week. From the Canadian cattle… Read more »
Beef Market Update: Market Neutral Reports, a Weaker Dollar, & Looking at Summer ’17 Prices
It’s Agribition week in Regina, and Shaun Haney is there to take in all there is to see (and smell!). He managed to eek out enough time to catch up with Anne Wasko, of Gateway Livestock Exchange, for another edition of the Beef Market Update. Wasko starts with the recent USDA cattle on feed report that ended up… Read more »
November US Cattle on Feed Report Leaves Neutral Tone for Market Direction
The US cattle on feed report came out this afternoon. As feeders, ranchers and long traders are looking for reasons for a higher market next the week of November 21st, this report will leave them with limited answers on market direction. Read the USDA Report Anne Wasko describes the report: Today’s U.S. Cattle on Feed report… Read more »
Beef Market Update: Year-Over-Year Carcass Weights Lower for the First Time in 3 Years
In the last month, live cattle prices have finally stabilized and it’s welcome relief for everyone in the cattle business. Fundamentally, what is supporting this stability? According to Anne Wasko, with Gateway Livestock, there are tighter cattle supplies, cattle feeders are current, carcass weights are lower than a year ago for the first time since… Read more »