It’s tough to talk about the cattle markets and not focus solely on the demand side which, if we’re being honest, has been nothing short of impressive. But price is a function of two components — supply being the balance to demand. While Canada’s beef herd continues to contract, ranchers in the United States have turned a corner and are in full-on expansion mode.
What does that mean for the Canadian cattle market? As Anne Wasko, of Gateway Livestock, points out in this mid-summer edition of the Beef Market Update, our cattle prices are built on the U.S. market — what happens down south eventually dictates what happens here at home. Does that mean we’ve hit “peak cattle” and are headed to a new, less thrilling price trend?
In this edition of the BMU, Wasko and RealAgriculture’s Lyndsey Smith discuss that, at least in part, by covering three new reports: U.S. cattle inventories and the U.S. and Canadian cattle on-feed numbers, before moving on to the impact of a low Canadian dollar with an eye to risk management for the year ahead.
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