Beef demand amid COVID-19 concerns
Canadian beef groups took part in a telephone town hall to discuss how the industry is managing the COVID-19 pandemic.
Beef supplies at some supermarkets are limited but the price farmers are receiving is not reflecting that shortage.
Canadian Cattlemen’s Association Executive Director Dennis Laycraft said U.S. cattle future markets have dropped in response to concerns about the ability of the packing system to maintain current production.
“We are talking to processors and retailers and there’s not a simple answer to the difference in the demand for beef and the current live cattle prices,” Laycraft said. “Hopefully, as we move more and more cattle through, we’ll continue to see recovery on those prices, making sure our plants are able to operate safely, and we’re able to maintain our ability to export our products and our livestock as well.”


