|
|
|
|
|
|
|
Opening the Canadian border appears to be a bigger negative than the apparent positive impact of the Japan/Korean market opening to the U.S.
It looks like the Canadian border will be opened on March 7. Why is it beneficial for Canadians to ship cattle here? Just look at their cattle prices for late December. Slaughter steers were mostly $71 compared to our $89. Five weight Canadian steers were about $90 compared to our $110, while seven weight were about $80 compared to our $98.
The Japanese have not set a date when they will open their market; but it appears soon. While opening the Japanese market is positive, the rules may limit cattle to carcasses classified as A40. These are animals that are typically about 14 months of age. This class of cattle may be under-finished, that may not be well-marbled, which Japanese consumers prefer. Currently, about 8.6 percent of cattle slaughtered in the U.S. carry carcasses classified as A40 or lower.
By Bryce Myrick
Director, TFB Agricultural
Marketing Education
Fundamentals: Disappointing export demand
Technical
Analysis: Trend - Down / Resistance - 3.16 / Support - 3.05
Fundamentals: Burdensome carrier over
Technical Analysis:
Trend - Down / Resistance - 48.00 / Support - 43.45
Fundamentals: Potential large crop in South America
Technical Analysis:
Trend - Down / Resistance - 2.21 / Support - None
Fundamentals: Exports & Imports is key to price
Technical Analysis:
Trend - Up / Resistance - 99.80 / Support - 95.50
