When the live cattle futures are limit up, it’s a good day for cattle feeders. In these turbulent trade war times, any of the commodities will take a positive day. Cattle futures have been somewhat separated from the downward swing of soybeans, lean hogs, and wheat, but sometimes commodities are guilty by association. The table… Read more »
Tag: Gateway Livestock Exchange
Beef Market Update: Lower cash trade and loonie, but strong exports
Through the spring of 2018, we have talked about several common themes for the cattle markets that impact the fundamentals of this market. Even though Live Cattle futures finished up over $2 on Friday, the trade has been quite choppy, which gives traders little confidence that we are headed higher from here. Here is a… Read more »
Beef Market Update – Strong beef demand, lower carcass weights, and the wall
It has been a busy week in the cattle markets, as Canada and the United States are on the brink of a trade war that we would not have imagined a year ago. Much of that is out of the control of feedyard owners and ranchers, but the impacts will most certainly be felt, depending… Read more »
Beef Market Update: Record basis levels set to change
The beef markets are riding an unusually high basis in both Canada and the United States, but that’s set to change. “So over the next eight weeks — between now and when June goes off — we will see the two converge,” says Gateway Livestock’s Anne Wasko, adding that in 2015 basis was +20 when… 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: 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 »
Beef Market Update: A Slide in Global Markets Will Pressure Cattle Prices…Eventually
As summer begins its last hurrah and ranchers anticipate the fall run, the underlying factors of supply and demand are still supporting cattle prices. But very large, global shifts in markets and economic stability are causing all sorts of fallout for grain and oil markets — how long before those macro trends pressure cattle prices?… Read more »
Beef Market Update – Perfect Market Storm Creates Increased Financing Needs for Feeders
There are good times and there are bad financial times for cattle producers. So far 2014 has been a period of very positive margins. As feeder and live cattle prices have soared higher, the Canadian Dollar and feed costs have lowered quite rapidly. This has put pressure on feedyards to find additional financing requirements in… Read more »
Beef Market Update – Anne Wasko Wraps Up the NCBA 2014 Meeting
Its the beginning of February which means it is time for the annual National Cattleman’s Beef Association (NCBA) meeting. With the cash market higher and feed prices lower than a year ago, cattle producers are seeing some strong margins and reasons for putting increased cattle on feed. Shaun Haney and Anne Wasko discuss the meeting… Read more »
Beef Market Update – 2013 Brought Some Big Changes From Start to Finish
Change is constant. The year of 2013 has brought significant changes to the market conditions for feedyard operators and ranchers across Canada. Not only have prices for fats and feeders risen, but the Canadian Dollar and feed prices have dropped lower. When you add all this up it means that margins for producers are in… Read more »
Beef Market Update – Cattle Prices Rise But Will The Proverbial Shit Hit the Fan
Who can complain about $1,000 calves, lower feed prices and actual positive feeding margins? Well maybe cash croppers….. It is starting to look like it is the beef producers turn to make some money in this economic tug-of-war. But wait, there are some issues standing in the way of profits and smooth sailing. As… Read more »
Beef Market Update: Decent Supplies, mCOOL Uncertainty Weigh on Western Canadian Prices
In this edition of the Beef Market Update for late September, Anne Wasko, marketing analyst with Gateway Livestock Exchange, offers commentary on last week’s on-feed cattle report out of the U.S. that added to the bullish outlook there. The hiccup is, she explains to RealAgriculture.com editor Lyndsey Smith, that the same bullish factors of tight… Read more »
Beef Market Update – Record US Cutout but Lower US Cattle Prices
Shaun Haney and Anne Wasko discuss the increase in US beef cutout prices versus the slumping cash price to feedyards. Is it all about packer margin or is there a bigger story yet to be told on beef demand through the summer. If you cannot see the embedded audio file, CLICK HERE
Canadian Beef Market Update: Cow Slaughter – What Does this Mean for Heifer Retention
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 »