In this edition of the Beef Market Update for late September, Anne Wasko, marketing analyst with Gateway Livestock Exchange, offers commentary on last week’s on-feed cattle report out of the U.S. that added to the bullish outlook there.
The hiccup is, she explains to RealAgriculture.com editor Lyndsey Smith, that the same bullish factors of tight supplies and lower feed costs are somewhat muted north of the 49th. Good movement of cattle into feedlots and uncertainty over the as-yet-implemented changes to mandatory COOL labeling are weighing on the markets somewhat, though there’s still much to be sorted out yet before we can truly call this overly bearish. All that and more in this Beef Market Update.
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