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Steve Kay writes that US beef demand is weakening as retail beef prices run well above year-ago levels while pork and chicken prices are flat or lower. Cash cattle prices fell in late March after a futures selloff tied to bovine influenza in dairy herds.
Weakening beef demand relative to cheaper proteins pressures cattle prices and may shift buyers toward chicken and pork. Disease concerns in dairy herds add to volatility in cattle futures.
canadiancattlemen.caSteve KayMay 17, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
