Beef Market Update – The US Fat Market Moves Sharply Higher – Anne Dunford

With the US market moving higher this week, Canadian producers have also enjoyed some higher fat sales as well. Immediately the resulting question is whether or not there is follow through in this market or will the price slowly slide down.

The United States has done well exporting beef this year with its weaker dollar. With a tightening supply and thoughts of a profitable 2010, the cattle feeder has no choice but to pay higher prices for feeders which has been the case.

In this weeks episode of the Beef Market Update, Anne Dunford breaks down the situation and tries to help us understand this recent fat price rise.

If you cannot see the below embedded video, click here

 

Shaun Haney

Shaun Haney is the founder of RealAgriculture.com. He creates content regularly and hosts RealAg Radio on Rural Radio 147 every weekday at 4:30 PM est. @shaunhaney

Trending

Wheat prices jump into August — This week in the grain markets

This week, winter wheat prices touched a three-year high, but it didn’t last. Chicago SRW wheat prices for September 2018 gained 5 per cent or about 26 cents US/bushel to close at $5.56. While the December 2018 contract was up 5.4 percent — or nearly 30 cents — to finish a tad under $5.80. In…Read more »

Related

One Comment

Julio

This market is too difficult for me to figure out. It seems that every week things change and getting a handle on it is hard.

Reply

Leave a Reply

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.