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Feature articles this week:
2020 Beef Trade
- The Canadian beef trade results for 2020 were somewhat mixed, but this should not come as a big surprise as production issues restricted exports for part of the year. Supply chain disruptions also caused a lack of supply which sent wholesale beef prices to well above old record levels and created a surge of imported beef coming into Canada through the summer. By the end, 2020 beef production was only down 3% from 2019 ...
USDA Cattle on Feed
- The USDA released the February 1st Cattle on Feed Report today and it continues to show on feed inventories higher than a year ago. On feed inventory of 12.1 million head is the second largest February inventory on record since reporting began. The only other year since 1996 to have over 12 million head for this month was 2006 ...
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