With big supplies looming in fall, we’ve seem some huge movement on the cash market for cattle over the last eight weeks. Going back to early May, bids in Alberta topped out at around 190. This week they were in the low 150s, notes Anne Wasko in this latest Beef Market Update with Shaun Haney.
So where does this leave the market heading into the rest of summer and fall? For ranchers, that will depend on their moisture situation, as dryness in some areas, including southern Saskatchewan, could drive early movement off pasture as soon as next month.
Meanwhile, hog and pork prices have rallied sharply in the last two months, providing support for other proteins, and as Anne notes, “the best place to put a piece of bacon is on a burger.”
Shaun and Anne discuss the supply/demand situation looking ahead to fall, their plans to celebrate Canada Day by the barbecue and more: