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

Farmers Up North Battle Wet Conditions

While farmers in South Alberta are well into their post-harvest routines, Northern regions of the Province are struggling with wet weather to get their crops in the bins. According to Alberta…

India Approves Agrium and PotashCorp Merger

India has approved the proposed merger between Calgary-based Agrium, and Saskatoon-based PotashCorp. Their approval of the merger is conditional on the party's commitment to divest some of…

Alberta MP Represents Canadian Agriculture on Trade Misison

Foothills M.P., John Barlow, recently returned from a trade mission to the European Union, where he accompanied the Federal Ag Minister, Lawrence MacAulay, to promote Canadian agriculture. The…

Associate Ag Critic Doesn't Trust the Liberals about Tax Changes

Earlier this week, the Federal Government announced it will reconsider a series of proposed tax reforms. Finance Minister, Bill Morneau, decided against plans to limit the lifetime capital gains…

Alberta Farmer Leads New Coalition

The Canadian Wheat Research Coalition (CWRC) announced it's very first Chair will be Terry Young, who farms in Lacombe. The CWRC is made up of the Alberta Wheat Commission, the Saskatchewan Wheat…

Have a Say in the Direction of Alberta Beef Producers

As we start moving into fall, there are many different events coming up for people involved in agriculture. The Alberta Beef Producers (ABP) is holding their 2017 Fall Meetings across the Province,…

FCC Drive Away Hunger Provides Over 7 Million Meals

Farm Credit Canada says it provided over 7.2 million meals for food banks across Canada during this year's Drive Away Hunger campaign. The initiative involves driving a tractor and trailer through…

The Beef Cattle Research Council is Bringing the Workshop to You

The Beef Cattle Research Council (BCRC) is hosting a series of free webinars during the fall to spring months. This is the third series of webinars they've put together, where experts have…

Agribition Coming Up Soon in Regina

Canadian Western Agribition is just over a month away. The annual event runs November 20th to the 25th at Regina's Evraz Place. This year's show includes full use of the new International Trade…

MacAulay Meets With Pope

On Monday, Federal Ag Minister Lawrence MacAulay joined Pope Francis and the G7 agriculture ministers in Rome at the United Nations' thirty-seventh World Food Day. He spoke to the theme of World Food…

CFA Welcomes Tax Rate Reduction

The Canadian Federation of Agriculture (CFA) is applauding the federal government's decision to lower its small business tax rate from 10.5 per cent to 9 per cent by the year 2019. "A reduced overall…

BASF Acquires Significant Parts of Bayer

More changes are coming in the world of farm seed and chemical manufacturing. BASF is acquiring key parts of Bayer's seed and chemical business for $5.9 billion euro. Bayer had agreed to divest some…

Alberta Government Pulls Funding From Vet School in Saskatoon

It came as a shock. The Alberta government announcing that starting in 2020 it would be pulling its $8 million dollars in funding for the Western College of Veterinary Medicine in Saskatoon. Alberta…

Agricultural Community Gathers to Discuss Tax Changes

About 100 farmers and community members gathered at the Vulcan Legion yesterday to discuss the Liberal's proposed tax changes. In attendance was the former Conservative Federal Agriculture Minister,…

Siewert Wants a Say in Division One Issues

There are three candidates vying for a seat on the M.D. of Foothills Council in Division One. One of those is Robert Siewert, who says tax rates are a growing concern in the municipality. "We have…

Gerry Ritz Coming to Speak on Proposed Tax Changes

The former Federal Agriculture Minister, Gerry Ritz, is coming to Alberta to speak about the Liberal's proposed tax changes. He will be at community meetings held at Westerner Park in Red Deer this…

USDA Report Shows Lower Soybean End Stocks

On Thursday, the USDA has released its October World Agricultural Supply and Demand Estimates (WASDE) Report. Dan Basse, president of Ag Resource Company in Chicago, says the big highlight was the…

Stampede Hosts World Class Cutting Competition

A world class cutting horse competition is taking place in Calgary this week. The Calgary Stampede Cutting Horse Futurity welcomes some of the best cutting horses in North America, with close to…

MacAulay Promotes Trade In Germany

Federal Agriculture Minister Lawrence MacAulay has completed the first leg of a 10-day European agricultural trade mission in Cologne, Germany. As part of his efforts to build on the momentum of the…

2017 Beef Market Continues To Be Strong

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%…

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

Okotoks -Our Place in History

14 January 2017 10:00 am - 20 December 2017 5:00 pm

Okotoks Museum & Archives





Reflections of Canada | Colin Smith

09 September 2017 10:00 am - 11 November 2017 5:00 pm

Okotoks Art Gallery





Threads that Bind | Ann Haessel

09 September 2017 10:00 am - 11 November 2017 5:00 pm

Okotoks Art Gallery





“Gathering In” Fall/Winter Group Art Show

21 October 2017 11:00 am - 24 January 2018 5:00 pm

Lineham House Galleries 1906, Okotoks





"I Love Canada Because..." Sticky Note Project

24 October 2017 10:00 am - 28 October 2017 5:00 pm

Okotoks Museum & Archives





Square Dancing Lessons at Highwood Memorial Centre

24 October 2017 7:30 pm

Highwood Memorial Centre





Overcoming Adversity - An Evening of Inspiration

25 October 2017 7:00 pm - 9:00 pm

Studio Me, Okotoks





Login