It looks like Canadian beef exports to the u.s. are really starting to roll! See
University of Missoui comment below:
"The Canada Beef Export Federation reported this week that the
weekly beef exports to the U.S. and Missouri were running 7% - 40%
above the volume of a year earlier. However, to put this increase in
the proper prospective a 20% increase in our imports from Canada
would amount to only about 1% of our production. Therefore, the 13%
- 14% decrease in recent week domestic production is the major
driving force on supplies and prices."??
With this kind of export volume, why isn't the price of Canadian slaughter
cattle higher?
May I suggest a hypothesis that Canadian slaughter cattle are being priced to
catttle feeders off of the domestic market and appear to being exported off of the U.S. market.
It seems to me that this generates a VERY wide spread some where in the middle.
Please share with me your thoughts and comments on this.
posted by Dr. Harlan Hughes 9:05 AM[edit]