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Beef prices are lower in both Canada and the US, with beef production up 8% in Canada and nearly 1% in the US year to date. Canadian beef export volume rose 19% and value 31%, while the Canadian dollar and expected US rate cuts are cited as factors for fall prices.
Higher beef output and lower fed cattle prices weigh on cattle values, while barley and feed costs are the main determinant of feeding margins going forward.
realagriculture.comRealAgriculture News TeamJul 13, 2019Not 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.
