2017 has seen strong demand for Canadian beef both on the domestic and export market.

Anne Wasko, a Market Analyst with Cattle Trends, says prices have been good with wholesale prices trading 3 to 4% higher than they were a year ago.

She says heavy carcass weights from last year have dropped by about 30 pounds a carcass giving cattle feeders a better bargaining position.

"That would be a driver going forward," Wasko said. "Cattle feeders have been making money and they are certainly showing that in the marketplace. When the cattle feeders are profitable, I think the cow-calf producers certainly see the impacts of that. It will be something to watch in 2018, but certainly, that's been a key factor and I think producers need to understand where that came from."   

She says demand remained fairly strong despite an increase in supply in 2017 with 3% more beef in Canada and 4% more beef in the U-S.

Wasko also says producers are preparing for an increase in feed prices.

"We know that we're all looking at higher feeder prices, whether it's a cattle feeding," she said. "You're looking at 25 per cent increases in barley prices versus this time last year and he doesn't have that feed wheat supply like we saw coming off the 2016 harvest. Those things aren't there and of course, we know what's going on with hay prices depending on what part of the country or province you're in"        

She expects a strong calf run this fall with animals coming to town pretty aggressively because of the good calf market and of course the lack of feed supply.

 

Send your news tips, story ideas and comments to [email protected]

 

 

More Ag News

New Funding Competition Launched For Agriculture Technology

The Government of Canada has launched a new funding competition, through the Strategic Innovation Fund, for national scale initiatives in automation and digital technology applications in the…

Alberta Farmer Wins The Canola 100 Challenge

For the last three years, some Canadian farmers have been striving to grow a 100 bushels per acre canola crop. It's all part of the Canola 100 Challenge, where they tried to produce the high yield…

Young People in Agriculture 'Rock The Farm'

The younger generation of agriculture recently met up in Calgary. Alberta Young Farmers and Ranchers hosted their 'Rock the Farm' Conference at the Deerfoot Inn and Casino on Friday, November 23 to…

Second Phase Of Dairy Farm Investment Program Opens Soon

The Government of Canada is helping dairy farmers to find new ways to improve productivity and efficiency in their operations. The Minister of Agriculture and Agri-Food, Lawrence MacAulay, announced…

Tight Supply Of Milling Oats Creating Market Upswing

There could be a lot more oats grown in western Canada next year. That according to John Duvenaud, publisher of the Wild Oats Grain Market Advisory. "The bulk of the oats are grown in Saskatchewan,…

(VIDEO) World Record Set For Hand Threshing Wheat

A world record was set at the Farming Smarter Conference in Lethbridge on Wednesday, December 12. People crowded around a row of tables to hand thresh wheat, separating the grain from the chaff.…

New Grain Elevator Going Up Near Morinville

G3 Canada has announced they're building a grain elevator a couple kilometres west of Morinville, north of Edmonton. Construction is expected to start shortly, and is planned to be done in 2020. Like…

Changing The Conversation Around Food And Farming

A Horticulture Professor at the University of Florida says intellectual charity is how the agriculture industry is going to build consumer trust. Kevin Folta, who's a well-known advocate for…

CFA Welcomes Senate Committee's Report On Climate Change

In a report released Tuesday, the Senate Committee on Agriculture and Forestry says the federal government must protect Canada’s agriculture and forestry sectors from rising costs associated with the…

Canadian Meat Council Disputes Food Price Report Findings

The Canadian Meat Council (CMC) says the 2019 Canada Food Price Report, released last week, makes assumptions that the cost of meat is set to fall because Canadians are adopting plant-based diets.…

OkotoksOnline.com is Okotoks' only source for community news and information such as weather and classifieds.

Login