Last week’s U.S. beef market opened with the same strong numbers leading up to American Thanksgiving. By the end of the week, numbers had, as expected, weakened somewhat, as supplies increase in the U.S. In Canada, the reverse is true for supplies — as the fall run ends, the basis is tightening. Canadian cattle producers are optimistic, but re-instating exports out of the XL Foods plant would certainly be a welcome support to prices.
In this episode of the Beef Market Update, Anne Dunford and Shaun Haney discuss the challenges and optimism in the U.S. and Canada, and delve into factors at play on the demand side of the business in the U.S.
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