The cattle market has been dynamic over the last couple of weeks. Consumers have been hoarding meat due to COVID-19 while the futures and cash prices are not necessarily reflecting it.
Michigan is under a stay-at-home order in an effort to fight the coronavirus. However, farm work must go on and it is business as usual for many operations.
Wednesday on AgriTalk ATBl, Don Close from Rabo AgriFinance talked with host Chip Flory about the demand side of the cattle and beef markets. He explained new trends in U.S. dining are helping to support beef demand.
Tuesday on AgriTalk ATB, Scott Varilek from Kooima & Kaemingk Commodities in Sioux Center, Iowa, told host Chip Flory that the structure of the cattle market is providing plenty of incentive to keep marketings current.
Strong prices are being reflected in strong cattle demand, and to Chip Nellinger of Blue Reef Agri-Marketing, the feedlots have the upper hand, while the packers are short bought.
