Home Crop Monitoring RealAg LIVE! with Brian Perillat on the cattle markets

RealAg LIVE! with Brian Perillat on the cattle markets

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How about these cattle markets? Every little thing is on the transfer, demand is there, however getting the money again to the producers at the finish of the day has been tough.

To interrupt all of it down on this RealAg LIVE! host Shaun Haney is joined by Brian Perillat of CanFax.

Don’t miss a brand new RealAg LIVE! every weekday at 3 pm Japanese!

SUMMARY

  • The restoration out of COVID-19 seems phenomenal
  • We’ve gotten by way of the bottleneck of packing capability
  • Nonetheless plenty of cattle on feed
  • Feedlots proper now don’t have the bargaining energy they want
  • Cutout worth has been very, very robust
  • Document excessive beef gross sales proper now
  • China is continuous to purchase bigger and bigger quantities of beef from North America
  • There’s large frustration on the market, if you end up taking a look at packer margins, and feedlots are nonetheless shedding cash
  • Invoice 50-14 that will go in the U.S., has Canadian producers considering
  • Entry to information is hard in the cattle business
  • We’d like some form of business worth push for transparency
  • Everybody’s acquired totally different concepts, and it’s robust to get one rolling. They actually tried 5 to 6 years in the past
  • Robust exports — they’re anticipating that development to proceed, and sure develop
  • Japan has comparable tariff charges, however they’d a cap final yr, so it makes it fairly totally different
  • Hoping to get our BSE danger standing down so we will develop into nations like South Korea
  • We’re promoting extra beef, and we’re doing it at greater costs. The export market is continuous to eat it up
  • Home demand is robust, regardless of the indisputable fact that eating places actually haven’t been open for fairly a while
  • Feeder cattle pricing has been a robust market. There’s so much for the feed market to kind out
  • Headed into three years of losses for feedlots. And but these feeder costs haven’t adjusted
  • We added 15 per cent in bunk capability in feedlots throughout Canada this yr
  • There have been some alternatives earlier on with the futures rallying
  • From a pure financial stance, it doesn’t essentially make conventional sense
  • How aggressive ought to we be on buying feed proper now? It’s a problem
  • Canadian greenback has reached 82 cents. Hoping there’s some resistance at 83 or 84 cents, from a pure technical stance. It’s been on an uptrend, and continues on an uptrend
  • Foundation ranges — we’ve actually acquired the challenges with markets. However not as challenged as the United States
  • Cattle futures wish to anticipate greater costs
  • Dry circumstances drop down into locations like North Dakota and Manitoba. Grass circumstances are one thing that everybody will likely be watching intently all through the summer season
  • Is there an incentive for the beef packers to develop on the capability they’ve? Possibly its the climate play or the danger that’s inflicting this to not occur, but
  • North American cattle herd actually isn’t getting any larger
  • Trying to discover out extra from CanFax? Test it out, right here

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