After a strong start to the market from a cash cow perspective, the futures market ended the week lower. This instability is related to news about the continuing outbreak of highly pathogenic avian influenza (HPAI), which has now been confirmed in eight US states and 33 US dairy herds.
Rumors earlier this week that Colombia would suspend imports of U.S. beef became reality with Thursday’s announcement. Although importers of U.S. beef are very small, import restrictions on beef and beef products can negatively impact market prices. Depending on what happens next, prices could stabilize next week, as “the market deals with confirmed news better than rumors,” as Gateway Livestock Exchange’s Ann Wasko says. .
It should be noted that as of today, there are no confirmed positive cases of HPAI in dairy or beef cattle in Canada. According to the CFIA in this latest update: And this disease does not pose a serious threat to human health.
Moving on to the Canadian market and good news, Wasko says Alberta’s feeder cattle market is outstanding right now. “Alberta is expected to set another all-time record for feeder cattle, and the cows that are being pulled forward are being pulled forward. Now that they’ve been cleared through the system, we’ve gone from having too many cows to a ‘super-fluid’ state,” she says.
Our biweekly Friday Beef Market Update provides the latest information on cattle movement numbers, beef export statistics, value changes and more. This week, Gateway Livestock Exchange’s Anne Wasko talks about that and more with RealAgriculture’s Lindsey Smith.
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