…“The ability of cow processors to slaughter more cows this year contrasts with what we have seen at fed cattle plants,” says Altin Kalo…
“Its stuck in neutral for a bit, without any movement,” he said. “Until we get the front-end supply current, we’re just going to spin our wheels here.”
…“Imported beef is not uniform. Most of the product coming from Oceania is lean grinding beef and a good portion of South American and Central American beef is also grinding beef,” says Altin Kalo, economist with Steiner Consulting Group…
The decline in the value of middle meats has had the largest impact on that price decline, says Len Steiner, Steiner Group Consulting.
…“Especially with beef prices grinding lower, the packer is not out there bidding (higher) on cattle,” Kalo said…
“I think we all agree that you should expect December, February and April hog futures limit up on Monday morning,” said Len Steiner, president of Steiner Consulting in Merrimack, N.H., during a teleconference funded by the Pork Checkoff on Friday. “It’s probably going to be a one-click deal, because of this report.”
…“This year, processing capacity has already been squeezed by COVID disruptions and labor availability and the industry can ill afford losing a big processing plant like this,” Steiner Consulting said…
…“We saw a fair amount of weakness. This market has been fretting post-Labor Day business for some time,” said Altin Kalo, economist with Steiner Consulting Group…
…“The packers continue to see issues with labor availability (and) the ability to process livestock, which tends to boost the price for beef. At the same time, that tends to depress cattle prices,” said Altin Kalo…
…“There’s growing concern about what happens to pork prices, as supplies start to ramp up,” said Altin Kalo…