As summer begins its last hurrah and ranchers anticipate the fall run, the underlying factors of supply and demand are still supporting cattle prices. But very large, global shifts in markets and economic stability are causing all sorts of fallout for grain and oil markets — how long before those macro trends pressure cattle prices?
In this Beef Market Update, Anne Wasko of Gateway Livestock, first brings us up to speed on Canadian cattle inventory numbers to July 1, 2015 (spoiler alert: numbers are lower as expected), but quickly moves on to the much bigger forces at play in global markets.
More details: Cattle inventories by province as of July 1
From the recent pull back in several exchanges, to dropping oil prices, Wasko notes that Canadian cattle prices are somewhat insulated from price drops, as a lower Canadian dollar buffers the brunt of the slide, but she also reminds ranchers and feeders that that buffer only lasts so long.
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