Cattle and hog
A divide in expected profitability between east and west will mark the next quarter for Canadian red meat sectors as higher than expected prices won’t be enough to ward off the damage wrought by poor temperature and moisture conditions in the west.
Growing global demand for feed, the re-appearance of ASF, expected drought across North and South America and an economic awakening impact this month’s outlook for Canadian hog and cattle producers.
Will 2021 see growth in red meat sales in Canada and around the world? Our cattle and hog outlook has the answer.
After the rollercoaster the sector experienced in the first part of the year, anticipate a rebound in cattle and hog prices for the end of 2020 and early 2021.
The first 6 months of 2020 brought significant challenges for the Canadian red meat sector. What does this mean for the rest of the year?
Profitability in the red meat sector is expected to be positive in 2020 as global demand remains robust.
FCC Economics mid-year 2019 Outlook series shows a likely slowdown in the profits of the Canadian red meat sector throughout the year – but growing global demand could surprise.