There are causes to really feel some sustained optimism in cattle markets proper now, as commerce is holding regular whereas feed prices dip barely, says Anne Wasko on this week’s Beef Market Replace.

Cattle costs held robust to regular this week within the extra northern areas, which is nice information, even when commerce was fairly gentle within the southern areas.

Coming north into Western Canada, the fats cattle market additionally trended regular to about 5 bucks greater, she says. “Actually averages are going to be up this week, type of in all places you look; that story would maintain true as nicely, whether or not we’re speaking about Alberta or in Ontario, so markets are simply stable,” Wasko says.

Carcass weights are undoubtedly nonetheless heavy, partially due to decrease feeding prices. Decrease value of acquire, means cattle keep on feed somewhat longer, and that provides as much as common carcass weights 53 kilos above the 5-year common.

Shifting to commerce information, we have now January information to comb by for the U.S. and right here at residence.

In Canada, beef exports have been up 2 per cent and the worth of these exports was up 11 per cent. On the import aspect of beef for January and February, beef imports into Canada are up 8 per cent. “That’s a development that we count on each Canada and the U.S. to see as we undergo ’24,” Wasko says, as report excessive costs and robust good points within the trim market will pull beef imports into North America.

The U.S. import image mirrors that of Canada, although exports over the identical timeframe have been down 4 per cent. “That’s not a shock to me. I believe as we proceed to maneuver by the yr and see smaller manufacturing ranges, the U.S. manufacturing ranges down between 4 and 5 per cent proper now, and that development will proceed,” she says. Imports have been up sharply, at 38 per cent, primarily coming from Australia, New Zealand, and Brazil.

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