SCA remains optimistic in 2020
The chief executive officer of the Saskatchewan Cattlemen’s Association is still surprised cattle prices didn’t jump last year because of the demand for meat from China.
Ryder Lee said the general feeling was African swine fever would increase global demand. It didn’t happen.
“It should be time for them to run. African swine fever and its effects on the protein market globally kept me thinking the shoe is going to drop and really pump up prices for beef and cattle and it just hasn’t come to be,” he said. “I know price insurance was paying out this fall. So, the market wasn’t even as good as it looked like it might in spring. That’s disappointing from a cash standpoint.”
Lee said with the Chinese market open again for Canadian beef and pork, beef trade prospects in China and the U.S. should improve profit margins for cattle producers in the coming year.


