It always amazes me how two weeks can make such a difference in the outlook for an industry. Two weeks ago Anne and I talked about the nervousness of the cattle market based on a high dollar, high feed and price plateau. Now the dollar is lower and the US fat prices spiked $5 last week. Are good times ahead or are we just being teased with the potential of a false sense of security.
In this week of the Beef Market Update, Anne Dunford discusses the recent spike in fat cattle prices in the US and why the Canadian basis is widening. We also discuss how packers are slow to lift cattle from feedyards in Western Canada and if this is a trend to continue through the fall.
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