# Reality tempers optimism in U.S. beef industry - Canadian Cattlemen

> 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.

- Date: 2024-05-17 · published 2024-05-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30413-reality-tempers-optimism-in-u-s-beef-industry-canadian-cattlemen
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- HOGS: bullish ▲
- CHICKEN: bullish ▲
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- canadiancattlemen.ca: https://www.canadiancattlemen.ca/markets/reality-tempers-optimism-in-u-s-beef-industry/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.