What To Expect From Second Half of 2015 For the Beef Market?

What To Expect From Second Half of 2015 For the Beef Market?

AgriBeef Company’s Vice President of Risk Management Kevin Hughes shares his predictions for the second half of the year when it comes to the beef market.
Hughes: “So although beef demand has remained very strong so far in 2015, the second half of 2015 will be more challenging as competitive protein of pork and chicken production increases is going to make it more difficult for beef prices to maintain a 9 percent higher prices versus last year. Pork production is up 5 percent and chicken production is currently 7 percent higher so although beef demand has remained very strong, the second half of 2015 we are going to see competitive proteins limit the strength of the cattle and beef markets. Pork prices are currently 52 percent lower than a year ago.We are going to see the seasonal increase of cattle slaughter and beef production increase into the summer and typically peak in the third quarter. And during that time frame I would look to the cattle prices to work lower down into the low 150s to upper 140s when we get into the July and August timeframe when cattle are more amiable when the calves from last fall are being marketed out of the feed yards.”

 

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