"Cash cattle markets have seen a notable jump over the past two weeks, with U.S. prices climbing $9 to $10, followed by another modest increase this week."
"Retail beef prices remain elevated, up 18 percent year-over-year, even as the average price dipped slightly from January to February."
"Statistics Canada data shows February feeder cattle exports down roughly 60 percent year-over-year, with fat cattle exports also significantly lower."
"Ground beef prices have surged to record levels, surpassing $16 per kg for the first time, reflecting tight supplies and a shift in consumer buying behavior."
Calving season is underway, and cash cattle markets have seen significant price increases, with U.S. prices rising $9 to $10. Alberta fed cattle prices have reached $550 per hundredweight. Although wholesale values softened post-Easter, stronger pricing is expected in the second quarter. The resolution of the JBS Greeley labor disruption may increase slaughter volumes without heavily impacting prices. Consumer demand remains strong, with retail beef prices up 18 percent year-over-year, particularly for ground beef, which has reached record levels.
Read at Realagriculture
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