Weaker CDN $ helps offset “COOL effect”

The Markets

I’ve received a few inquiries lately in regards to the outlook of the Canadian dollar and how a stronger U.S. greenback influences local cattle prices. The Canadian dollar recently dropped to four-year lows against the U.S. dollar and it appears the trend is not over. We have seen a drop in fed cattle exports to […] Read more

Cattle market remains sensitive to demand

Market update

The cattle complex ended the 2013 calendar year relatively strong. Alberta packers were buying fed cattle at the yearly highs of $127/cwt to $128/cwt as seasonal strong demand caused AAA wholesale beef prices to reach $208/cwt, up over $30/cwt from year-ago levels. The weaker Canadian dollar along with lower beef production resulted in the elevated […] Read more