With the record high fat cattle prices behind us, we have entered the spring lulls which usually bring the same sentiment. This year many producers are staring at expensive inventory, potential sky rocketing feed costs and some nice profits made in the first four months of the year.
With the seasonal summer lows expected to come in July, many producers are trying to brace themselves for the obvious lowering fat prices and potentially rising feed costs. On top of this is the currently high Canadian Dollar which has resulted in exports being down 20% YTD in comparison to last year over the first two months.
– Will this export slump continue and will it produce an even lower fat cattle price by July?
– Is the concerned feeling in the market normal for this time of year or is there a bigger story to be told?
– Will the ride to the July lows be voaltile or a nice even slope downwards?
– How has calving season gone so far for Western Canadian ranchers?
All this and more in this weeks episode of the Beef Market Update.
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