beef markets Archives - Page 3 of 4

A year-over-year decrease in Q1 feeder cattle placements in both Canada and the U.S. is expected to lead to tighter market-ready supplies during the summer.

Expect stronger cattle markets for third quarter

A surprise reduction in beef production could mean higher prices

By Jerry Klassen April 17, 2024

During the second week of March, Alberta packers were buying fed cattle on a dressed basis in the range of $378-$380 per hundredweight (cwt) delivered. Prices f.o.b. (free on board) the feedlot in southern Alberta were quoted from $225 to $226/cwt. The market has been consolidating over the past month, as market-ready fed cattle supplies […] Read more

Nearly half of a beef carcass is consumed by consumers with average to above-average incomes.

Cattleman’s Corner, Columns, Markets

How consumer spending drives fed cattle prices

Here's why a small change in spending affects the beef market

By Jerry Klassen April 4, 2024

Cattle producers are bombarded with charts and data from cattle inventory reports and cattle on feed surveys. During the fall of 2023, live cattle futures and were trending lower. Every analyst I was reading was focused on how low supplies were from a historical perspective; however, fed cattle prices were on a downward spiral. It’s […] Read more

Cattle producers need to be aware, as we head toward 2025, that a small change in supply has a large influence on price.

Cattleman’s Corner, Columns, Markets

Cattle herd declines while economy expands

One per cent increase in consumer spending means one per cent increase in beef demand

By Jerry Klassen March 21, 2024

I often place myself two years in the future, with a view of the past two years. The old saying is that hindsight is 20/20. Well then, place yourself in the future and look backward. If I were giving a cattle market outlook in March 2026, the summary would be the following: During 2024, feeder […] Read more

Livestock, Reuters

Total US cattle herd drops to lowest level since 1951 – USDA

Easing dryness could encourage ranchers to begin rebuilding beef herds

By Reuters, Tom Polansek, GFM Network News February 2, 2024

Chicago | Reuters - The total number of U.S. cattle fell to its lowest level since 1951 as of Jan. 1, in the herd's fifth consecutive year of decline, U.S. Department of Agriculture data showed on Wednesday.

Beef Cattle, Cattleman’s Corner, Markets

Beef demand outlook brightens

U.S. consumer spending — the main driver of beef demand — is improving

By Jerry Klassen February 2, 2024

U.S. and Canadian inflation reached 40-year highs in June of 2022. Interest rates reached 22-year highs in the summer of 2023. For the past two years, most financial analysts were forecasting a U.S. and Canadian recession at some point in the future. When the recessions didn’t occur, they delayed the recession forecast by three to […] Read more

Cattle use round bales as a wind break. (NDSU photo)

Beef Cattle, Markets

Klassen: Yearling return to the lineup on strong demand

Frigid temperatures result in limited volumes

By Jerry Klassen, GFM Network News January 16, 2024

The market hasn’t missed a beat and started the year where it left in December. The only difference is there are larger supplies of yearlings coming on stream. The benchmark levels had backgrounded steers averaging 1,000 pounds trading from $280-$285/cwt with top bids rounding at $290/cwt. Steers averaging 850-pounds were averaging $300/cwt with top-notch larger groups peaking at $305.

File photo of raw and cooked ground beef. (Lime and Lemon Media photo via Canada Beef Inc.)

Beef Cattle, Hogs, Livestock

Beef sector calls for Health Canada label exception

The Canadian Cattlemen's Association wants ground beef exempted from proposed rules

By GFM Network News June 10, 2022

The cattle sector is less than pleased by a Health Canada proposal that would put a ‘high saturated fat’ label on retail ground beef. The proposal is part of a suite of changes proposed for Canada’s Food and Drug Regulations. As well as adding a front-of-packaging (FOP) label requirement for foods deemed by Health Canada […] Read more

Beef Cattle, Canola, Cereals, Dairy Cattle, Fruit/Vegetables, General, Hogs, Markets, Poultry/Eggs

Market access, income supports come with Trans-Pacific pact

By Grainews Staff, GFM Network News October 5, 2015

Canada’s federal government has pledged a suite of compensation programs for supply-managed dairy, poultry and egg sectors, against what it promises will be a mousehole in Canada’s tariff wall. Federal officials on Monday confirmed negotiations have concluded on the multilateral Trans-Pacific Partnership, now billed as “the largest, most ambitious free trade initiative in history.” The […] Read more

Beef Cattle, Livestock, Markets, Reuters

JBS doesn’t see Brazil beef exports to U.S. before 2016

By Reuters, GFM Network News August 14, 2015

Sao Paulo | Reuters — Meatpacker JBS expects fresh beef exports from Brazil to the U.S. to begin no earlier than 2016, later than the Brazilian government predicted, CEO Wesley Batista said Friday. An agreement between the two countries was signed in June, when Brazilian President Dilma Rousseff visited Washington, but Batista said it would […] Read more

Beef Cattle, Livestock, Markets, Reuters

U.S. seen approving Brazil fresh beef imports

By Reuters, GFM Network News May 8, 2015

Sao Paulo | Reuters –– Brazil’s agriculture ministry said on Friday the U.S. is likely to approve imports of Brazilian fresh beef this year, after President Dilma Rousseff visits Washington in June. Brazil, the world’s top beef exporter, is already a steady exporter of cooked beef that appears in items such as canned corned beef […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News