There’s a flavour for strong beef demand in the country, says Anne Wasko, market analyst with Gateway Livestock, which has producers feeling good about market positioning. Last week’s slaughter report showed a 6.3 percent increase in animals killed in federally inspected plants in Canada, when compared to last year at this time. It’s good news… Read more »
Tag: Anne Wasko
Beef Market Update: Rising loonie pressuring cattle prices
A changing supply environment has the second half of 2017 shaping up much differently for cattle markets than the first. “Already things are changing. If you’re in Canada, you’re well aware — and we’ve talked about this all year long — we’ve been in this strong basis environment where Canadian prices, because we’re tight on… Read more »
USDA Cattle on feed report for Aug 1 shows lower placements
On Friday the USDA released its Cattle on Feed report which provided some clarity on the placement number heading into the fall run. Anne Wasko had the following commentary – “Aug 1 U.S. Cattle on Feed Report was called neutral from guesstimates we talked about in Friday’s Beef Market Update. I was actually expecting the… Read more »
Beef Market Update: Cash drops again this week as futures hope to find bottom
Unfortunately cash dropped again this week which is making things frustrating for cattle feeders. In the last three months the December live cattle future is down 7.22% and is 10.52% off of the highs. Cash dropped another three dollars this week after losing five dollars the week before. On Friday, the the December contract closed… Read more »
Beef Market Update, August 11: More cattle ahead, but how many?
It’s a tale of two different markets when you look at the Canadian cattle business versus what’s happening in the U.S. where feeders are anticipating a bigger calf crop this fall. Western Canadian feeders are looking at the same kind of numbers in terms of supply as last year, notes Anne Wasko in this latest… Read more »
Beef Market Update: Canadian dollar, feed costs, & Japanese tariffs — all heading higher
Lower cattle prices due to big supplies, a Canadian dollar up over 80 cents U.S., and drought causing higher feed costs — Canadian cattle feeders are hunkering down as we turn the calendar into August. “If I’m a producer at the other end of the spectrum, as far as a cow-calf producer or grass operator,… Read more »
Beef Market Update: Lining up for the (potentially early) fall run
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 »
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 »