In this weeks episode, Anne Dunford discusses the impact that external forces are having on the North American Cattle market. It is becoming very clear that the markets like to respond to any news it can causing unnecessary prices moves which results in uncontrollable risk. Many times these external forces are reality but sometimes they are more of a weak association. The perception of risk can have even more affect on the beef markets than we believe should be possible. Currently one of the best examples of this is the economic threats in Greece and Hungary. Canada exports very little meat to the EU and yet it’s potential economic collapse is causing the live cattle futures to get skittish about demand, when the actual numbers are not showing that in reality.
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