Higher beef prices and recovered live cattle prices, says CCA

But if it would have gone on longer, that would have had more impacts.

However, at this stage, Laycraft sees minimal impact for both the consumer and the market.

And so far they are watching south of the border, as they were still dealing with some backlog in their system.

Laycraft says the sooner they can clean that up, the better the forecast is for all prices as they are largely based on the U.S market.

He says with conditions right now, the international demand for beef is incredibly strong.

“Our exports are up almost 11 percent over last year and that was before the slowdowns that occurred last year so you can’t really use April and May as a comparison to what’s normal from a year ago. But we’re seeing very strong demand in North America and internationally.”

Laycraft adds an example of a longer backlog was a year ago with the meatpacking shutdowns and slowdown due to COVID-19.

He says the supply chain was able to cope, but cattle were backed up and more products were imported in the short term.

by Chantal Wagner

Higher beef prices and recovered live cattle prices, says CCA

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