Prices for beef cattle continue to be strong across the beef value chain, although feedlot profitability could be challenging by the end of 2025, analyst Jerry Klassen says.
Tag Archives consumer demand
Beef demand drives cattle and beef markets higher
The Markets: Feedlot profitability could be challenging by the end of the year
Beef cattle prices start to reduce demand
The Markets: Watch U.S. consumer buying trends for signs of the cattle market’s future
U.S. consumer purchasing has slowed, which means slower movement of cattle to beef processors. This will likely mean declining prices, says Jerry Klassen, market analyst.
Fed cattle market grinds lower
The Markets: Softer demand shows up as North American employment weakens
During the second week of September, Alberta packers were buying fed cattle on a dressed basis in the range of $406-$410/cwt, down from prices of $425-$428/cwt a month earlier. Beef demand appears to be softening as unemployment levels increase. In addition to weaker consumer spending, September and October are two months when beef demand typically […] Read more
Cattle market vulnerable to slower economic growth
The Markets: Watch consumer trends for indications of a beef price slowdown
Alberta packers were buying fed cattle on a dressed basis in the range of $425-$428/cwt delivered in mid-August. Live prices were quoted at $255/cwt (US$186), f.o.b. feedlot, in southern Alberta. The fed market has come off the summer highs as demand eases moving into the fall period. Monthly restaurant spending on both sides of the […] Read more
In Brief: Agco CEO sees good global demand for new equipment
In a webcast earnings report at the beginning of May, Agco CEO Eric Hansotia said the company has seen its net profits fall during the first quarter of 2024. Slower sales are a trend all brands have said they expect to see in 2024. “We focused on reducing production more than the industry decline and […] Read more
Fall quota level based on ‘rebound’ in chicken demand
National allocation trimmed two per cent for September-October period
A relatively small tweak to national chicken quota allocation has been set for much of this autumn, following a stretch of heavy pandemic-related cuts. At a Chicken Farmers of Canada meeting Tuesday, national allocation for quota period A-165 (Aug. 30 to Oct. 24, 2020) was set at minus two per cent from its adjusted base. […] Read more
U.S. livestock: Hogs down, cattle up on demand issues
Cash cattle values hint at increased demand
Chicago | Reuters — U.S. lean hog futures dipped on Tuesday, as questions continued to grow about whether pork export demand from China will surge and eat through massive domestic stockpiles, traders said. Meanwhile, cattle futures rose as the cash market showed hints of increased demand from packers hungry to supply grocery stores and restaurants […] Read more
U.S. livestock: Wall Street leads CME cattle, hogs limit down
'You are developing a demand problem'
Chicago | Reuters — U.S. live cattle and feeder cattle futures plunged their daily limit on Thursday, dragged down by another steep sell-off on Wall Street, fears of a global recession and continued uncertainty about consumer demand for meat, traders said. Chicago Mercantile Exchange April live cattle contract settled down its three-cent limit at 100.075 […] Read more
Farmers weigh in on “consumer demand”
Consumers need to be educated, but also willing to pay
Responding to “consumer demands” isn’t necessarily about making some wholesale changes in farm operating practices, say Prairie farmers contacted for the February Farmer Panel. Those often heard claims that “the consumer is demanding…” everything from healthier, safer food, to reduced environmental footprint, to improved livestock and production practices need to be heard, say panel members. But sometimes […] Read more
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