graze-l July 2004: [Graze-l] [SPAM] - Canadian PM urges resolution on trade disputes - impact on
Canadian Beef Industry - Bayesian Filter detected spam
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Good Afternoon List Friends
The clip at the bottom of this post is an article from MeatingPlace.
com
website from this morning. It helps to focus on the desperation of t
he
beef industry in Canada. I also copy today's beef market reports for
Alberta. For U.S. readers note that Canadian prices should be
multiplied by .7574 (July 12, 2004 currency conversion) to give a $US
equivalent.. I have also copied in the prices for May 16, 2003 ,
bracketed by the =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D line, for comp
arisons.
Briefly, fat prices are about 66% of May 2003, while cow/bull prices
are only 30-40% of the May 16 2003 prices.
Regards
Ross Gould, P.Ag.
Calgary, Alberta
Commodity and Market Prices
Alberta Cattle Commission Daily Cattle Report by CANFAX =09
Alberta Cattle Industry
Market Report
Monday, July 12, 2004
Alberta direct cattle sales on Friday saw no new trade,
last reported sales were from Thursday.
Live $ Flat Rail
Steers 69.50-71.00 119.50
Heifers 70.00-71.00 n/a
In the cow and bull trade in Northern Alberta on Friday:
D1, D2 cows D3 cows Bulls
20.00-26.00 15.00-21.00 15.00-23.25
U.S. TRADE
Business isn't expected until mid-week with asking prices
$88.00+ in the South and $138.00+ in the North.
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Compare with May 16, 2003:
Friday, May 16, 2003
Alberta direct cattle sales yesterday saw light trade with
prices $1.00 lower than Wednesday.
Live $ Flat Rail
Steers 105.50-108.00 177.10-178.20
Heifers 107.25 176.00
In the cow and bull trade in Central Alberta yesterday:
D1, D2 cows D3 cows Bulls
58.00-65.00 53.00-59.00 60.00-68.00
U.S. TRADE
Packer inquiry is light as most have ample inventory on
hand. Cattle left are priced at $80.00-81.00 in the South
and $128.00-129.00 in the North.
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D
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Back to 2004 prices
The Canadian Dollar at 8:20 am was trading at $75.74, -0.08.
CHICAGO MERCANTILE EXCHANGE
Midsession trade, live cattle futures are as follows:
June August October
84.20, -0.10 86.35, -0.60 86.75, -0.07
REPLACEMENT TRADE
Information provided on this report is supplied by various
auction markets throughout Alberta. In reference to the
following prices, producers are reminded to check with
individual markets on current prices and trends. Prices
quoted include top quality cattle only.
Feeder and Stocker prices in Northern Alberta on Friday:
Steers Heifers
900+ n/a 74.25-78.60
800-900 73.00-80.00 75.00-79.00
700-800 78.00-83.25 75.00-78.50
600-700 n/a n/a
500-600 n/a n/a
400-500 n/a n/a
300-400 n/a n/a
Bred Cows Bred Heifers Cow/Calf Pairs
n/a n/a 500.00-875.00
All information sourced from Statistics Canada, Alberta
Agriculture and CanFax
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Beef News
Canadian PM urges resolution on trade disputes
by Eric Hanson <mailto:ehanson@meatingplace.com> on 7/12/04 for
Meatingplace.com
Canadian Prime Minister Paul Martin warned a business conference that
a
major trade dispute was brewing over the United States' closed border
policy to live cattle from Canada, and the Canadians were prepared to
up
the ante by increasing processing capability in their country.
"Special interests in the United States are blocking your government
=66rom a joint solution," Martin told businessmen at a conference in
Sun
Valley, Idaho, on Wednesday. "What Canada is going to have to do pret
ty
soon if that market does not open is start to build massive processin
g
capacity in Canada," he said.
Martin said by not re-opening the border to Canada, the U.S. would be
hurt by the increased competition resulting from a non-integrated bee
f
market. "If the border does not open, then that processing capacity i
s
going to go and start major shipments to Japan and Korea, who are you
r
major markets," he said.
He said it would be advantageous for both sides of the border to reop
en
the border and restore normal trade in beef.
"The advantage of the North American market is that we have a rationa
l
system, and when you begin to tamper with that market, what you then
do
is effectively hurt both of us," Martin said.
The remarks come at a time when Canadian cattlemen are increasingly
upset over the lack of exports to the United States, which used to ma
ke
up approximately 70 percent of Canada's total exports. (See Cattlemen
group seeks to decrease Canada's dependence on U.S. beef exports
<http://www.meatingplace.com/DailyNews/pop.asp?ID=3D12664>
,
Meatingplace.com, July 9, 2004.)
The border has been closed to live animals and many cuts of meat from
Canada since an Alberta cow tested positive for bovine spongiform
encephalopathy in May 2003.
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