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Semi-annual cattle inventory
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OldMcdonald
Posted 1/30/2015 14:31 (#4350090 - in reply to #4350069)
Subject: RE: Semi-annual cattle inventory


Napanee, Ontario
First increase in a few years. Seems to add up for the drop in prices over the last 2 months, although perhaps a little over done. Modest supply increase, but underway.

Export and domestic demand will now shift back into focus, IMO, on whether it can keep up with the trajectory of supply increase / timeline. It seems that the highs might indeed be in the rear-view, but the downside should be limited and protracted if demand holds pace.
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