Cattle prices may not be where they were a year ago, but ranchers are generally still an optimistic bunch at current levels.
Anne Wasko of Gateway Livestock joins us in the middle of her busy winter meeting circuit for this latest edition of the Beef Market Update.
Domestically, the volatile Canadian dollar continues to play with prices, while winter storms in the U.S. are having a double-edged sword effect on North American values, notes Anne. Wintery weather is supporting prices by lowering carcass weights, but also reducing beef demand at the consumer level when those systems roll onto the east coast.
Despite the lower year-over-year values, Anne says she’s still sensing an upbeat mood among ranchers — especially cow-calf producers — at winter meetings, noting the upcoming bull sale season will be a good indicator.