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Western Ontario | There are few things more integrated than the US/Can beef market, live animals and meat go back and forth and sideways. I’m in Ontario and we’ve only got 200,000 cows so not a huge difference maker that way…..but import another 250,000 feeders mainly from Western Canada, also more feeder cattle coming all the time out of the US southeast. Ontario feeders definitely push the bid for Saskatchewan and Alberta feeders and since every action has an equal and opposite reaction will also set price on Montana and N Dakota feeders. So Canadian feeders are bad for US feeders but Canada takes 35% of US ethanol exports….which is I guess a benefit to US corn farmers and their communities and more ethanol means more distillers at a lower price so also a positive for US feeders ?? It’s complicated. I fully support country of origin labeling but I’m guessing there’s a few things not everybody has thought about including me. The reality is the northern 2/3rds of the US and Canada due to genetics, climate and feeding have the highest quality fed beef in the world and it looks like the world wants it ( should also point out that currently China isn’t taking beef from either of us, that may change shortly, and they definitely want it). Anyways, just a few thoughts, have had many great visits with US counterparts and always figured we share almost identical challenges even with vast geographic differences but un the end we’re all trying to do the best we can for our families and communities. The one thing I feel was more destructive than anything was in 2021 packers were making $1000/head and producers were losing $500 and then along comes higher grain prices and a lot of cow guys with the flexibility reduced cow numbers and started growing more beans, canola, wheat, corn. Anyways hopefully this market finds some footing and there are brighter days ahead for everybody. | |
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Well all you Cannuck's,......
