Beef Market Update - The Roller Coaster of Confusion Continues

by

In the last two weeks the feeder price and fat cattle price has moved in a very violent down and up swing. Is it based on fundamentals? I am not an analyst but someone that tries to follow the cattle industry closely and I have no way to tell you whether this market is going up or down next week. It seems to spinning more than just me around. Reading several pieces on different websites it is very clear that the cattle market the last two has shown ultimate volatility that proves lifting your hedge can be dangerous.

If you can’t seem to make any sense out of what’s going on in the cattle market, don’t feel bad, even market analysts are scratching their heads regarding the past few weeks. Anne Dunford in the latest edition of the Beef Market Update says that the last two weeks are not based on fundamentals at all and instead more on money flowing in and out. With a weak US economy you would think beef demand would be weak but the reverse is true. In April, Canada was the highest importer of US beef globally. And finally the question of whether the Canadian basis will widen to its more traditional summer levels is a deep concern to the producer.

See More Episodes of the Beef Market Update

If you cannot see the embedded video below, click here.

Wake up with RealAgriculture

Subscribe to our daily newsletters to keep you up-to-date with our latest coverage every morning.

Wake up with RealAgriculture

Other Episodes

Beef Market Update (view all)Season 3 (2011) Episode 11

Please register to read and comment.

Privacy Preference Center

Necessary

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

gdpr, __cfduid, PHPSESSID, wordpress_test_cookie, woocommerce_items_in_cart, woocommerce_cart_hash, wp_woocommerce_session, wordpress_logged_in, wordpress_sec, wp-settings, wp-settings-time, __cf_mob_redir, wordpress_cache, realag
__cfduid

Marketing

Measuring interactions with the ads on the domain.

__gads,fsk_ut_2317
IDE

Statistics

These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.

_ga,_gid,_gat,_cb,_chartbeat2,_chartbeat4
_ga,_gid
metrics_token

Preferences

Preference cookies enable the website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

chartdefaults, comment_author, comment_author_email, comment_author_url
JSESSIONID, _os_session,anonymous_votes,csrf-param,csrf-token,user,user-id,user-platform,intercom-session,intercom-lou,intercom-session
personalization_id, tfw_exp

 

Register for a RealAgriculture account to manage your Shortcut menu instead of the default.

Register