to tell how flooding might
alter planting possibilities.
Despite current strength,
unresolved trade issues
could pose a barrier to U.S.
beef exports. Never mind
the increased cattle numbers
heading to slaughter, along
with expected record-large
beef as well as total red meat
and poultry production.
During the BEEF webinar, Don
Close, senior animal protein
analyst for Rabobank, said
there was potential for fed
cattle prices to receive added
pressure in May-June or May-
July on the way to a seasonal
summer low, due to weather-
depressed performance.
“We could start to see the
first of the new-crop calves
coming to market at the same
time we’re struggling to clean
up the remainder of long
yearlings,” Close explained. “The
concern I have is that we will
essentially be trying to force
two sets of cattle through the
market at the same time.” LT
This article was reprinted
with permission from
the BEEF Magazine.
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