Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Beef prices begin sudden fall from record highs (CBC)
Posted: Feb 19, 2016 3:00 AM MT
The boom market for beef is fading in Canada after record prices last year, but people will have to wait for costs to tumble in grocery stores.
The cattle industry has experienced a sudden drop in prices, forcing ranchers to adjust their expectations for the year.
"We had an incredible run. We doubled our prices in three years for calves, for example," said Brian Perillat, a senior analyst with CanFax, a cattle market research firm. "In the last few months, we've see prices drop 15 to 20 per cent from the high."
Even with the market correction, prices are still at historically high levels. Experts say the price spike was too extreme a reaction as beef supplies tightened.
The cattle industry has experienced a sudden drop in prices, forcing ranchers to adjust their expectations for the year.
"We had an incredible run. We doubled our prices in three years for calves, for example," said Brian Perillat, a senior analyst with CanFax, a cattle market research firm. "In the last few months, we've see prices drop 15 to 20 per cent from the high."
Even with the market correction, prices are still at historically high levels. Experts say the price spike was too extreme a reaction as beef supplies tightened.
Link: http://www.cbc.ca/news/canada/calgary/beef-industry-prices-eating-habits-retail-chicken-1.3454160?cmp=rss
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
