Chicago/Wellington | Reuters –– Record-high U.S. beef prices will likely climb even higher this summer just as Australia and New Zealand imports dwindle under an extended drought in those countries and demand for steaks in the U.S. rises. Both countries were among the top three exporters of beef to the U.S. last year as New […] Read more
Tag Archives beef prices — page 16
Higher U.S. beef prices ahead as grills fire up, imports cool down
Cattle prices seen as strong for year to come
CNS Canada –– Canada’s cattle industry should continue to see high prices for animals at auctions over the next year or so while operators try to rebuild their herds, industry participants predict. “Typical risks for cattle prices are the Canadian dollar and feed costs for cow-calf producers and feeders,” said Brian Perillat, a manager and […] Read more
Klassen: Higher fed cattle prices pull up feeder values
Fed cattle in Alberta were trading at $191 this past week, which set a positive tone in the feeder complex. Across the Prairies, heavier quality replacements over 700 pounds posted gains of $2 to $4 while lighter-weight cattle were $3 to $5 higher compared to seven days earlier. Feedlot margins improved with break-even pen closeouts […] Read more
Klassen: Feeder cattle market ends on mixed tone
Western Canadian feeder cattle markets have ended the year on a mixed tone with most auction barns closed for the holiday season. Alberta packers were buying limited volumes of fed steers at $178 per hundredweight (cwt), down from highs of $183 earlier in December. The uncertainty over feedlot margins for the first and second quarters […] Read more
Record-heavy U.S. cattle won’t ground sky-high beef prices
Chicago | Reuters — U.S. cattle are hitting record weights and the heavier trend should continue next year, but beef production will still fall short of demand and keep prices high, industry experts said. Breeding bigger cattle is the only way to raise domestic beef supplies while ranchers struggle to rebuild the national herd, which is […] Read more
Pork, poultry to dictate future cattle prices, analyst says
CNS Canada –– Increased competition from pork and poultry may be the factors that ultimately stop skyrocketing beef prices across North America, according to one cattle market analyst. “We’ve had a phenomenal year of demand for beef and prices have been record-high right through the whole pipeline so the question we’re all asking now is […] Read more
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