2018 was another interesting year for the cattle markets.

Anne Wasko, President of Cattle Trends, says the strong basis in the cattle markets in 2018 was key for producers and the industry as a whole.

“That’s on all classes of cattle finished cattle, feeder cattle; calves even cows; even though cows were lower than they were a year ago. Certainly, the basis, the relationship to the  U-S market was a strong as we’ve ever seen. The fed cattle basis in 2018 in Western Canada was the strongest ever. In simple terms that means prices were as close to the U-S market as we’ve ever seen.”

Wasko says some of the factors impacting the markets include stronger demand domestically and internationally; as well as the fact that we have seen a move towards a smaller cow herd in Canada, while the U-S is expanding their herd.

“We had some very strong export markets and we don’t have all of the 2018 data in obviously yet. For example, just in October (our last data), we had Japan up 55%, China/Hong Kong is our Number 3 area in October alone it was up 22% over a year ago. There are some great export/demand pieces. All those things kind of come together and made our Canadian cattle prices stronger than the U-S.”

She sees some exciting things ahead in 2019 with the trade agreements; adding that the basis should continue to play out in Canada’s favor in terms of holding Canadian cattle prices strong.

Wasko is a cattle rancher, market analyst and President of Cattle Trends in Eastend, Saskatchewan.

More Ag News

Challenges Persist For Canola Seed Exports To China

The Canadian Canola Council of Canada is seeing very limited sales of canola seed into China right now. Many feel China’s concerns over shipping issues with Richardson International are politically…

Cattle Markets Improving

Prices seem to be turning around on the cattle markets. Brian Perillat is the Manager and Senior Analyst at Canfax. "On the feeder cattle side we've seen a bit of spring pressure over the last couple…

China Agrees To Meet With Canadian Scientists

There has been some movement this week from China in regards to the stopping of canola seed shipments from Winnipeg-based Richardson International. Canada's Agriculture Minister Marie-Claude Bibeau…

Former Conservative Ag Minister Concerned Over Canola Shipments

The Trudeau government should be doing more when it comes to clearing up the canola situation with China. Earlier this month China barred Canadian canola exports from Richardson International. The…

Positive Feedback On Saskatchewan Budget

The Agricultural Producers Association of Saskatchewan is generally satisfied with the direction of the 2019 Saskatchewan Budget. President Todd Lewis says he’s pleased with the funding for the…

It's a Balanced Budget for Saskatchewan

Premier Scott Moe’s government delivered a balanced budget with a surplus of 34.4 million dollars; it’s the first time the Province has had a budget surplus in three years. Finance Minister Donna…

Federal Budget Given A Failing Grade

The Trudeau Government had promised to deliver a balanced budget at the end of their four-year term but instead increased the national debt projecting a $19.8 billion dollar deficit. Opposition…

2019 Federal Budget Released

Saskatchewan Liberal MP Ralph Goodale says virtually every dimension of the budget, with the exemption of one or two will be relevant in Saskatchewan and very helpful. The budget includes money for a…

Canadian Pork Council Welcomes ASF Preventative Measures

Last week the federal government announced new funding of up to $31 million to increase the number of detector dogs at Canadian airports to help prevent illegally imported meat products from entering…

CN Rail Invests In Upgrades For Saskatchewan

CN has announced a major investment for 2019 to expand and strengthen the rail network in the province. Sean Finn, CN’s Executive Vice President says they are investing more than $245 million dollars…

DiscoverMooseJaw.com is Moose Jaw's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login