…The adage that the cure for high prices is high prices may apply again but, in the short-term, demand is inelastic to price. With spring here, retailers will find that pork supply is tight…
…“Fed cattle supplies slowly started to increase at a time when beef demand was also on the upswing and packers started to bump up against capacity constraints,” Kalo said. “In 2019, the ratio of fed cattle to the cutout was 1.91, which would imply fed cattle prices at around $136 per cwt. today.”…
… “The incentive, for the last three months, has been to limit the cattle you place,” said Altin Kalo, economist at Steiner Consulting Group. “It becomes more and more expensive to add pounds inside the feedlot.” …
…Durchholz discussed the report along with Bob Brown, livestock market consultant from Edmond, Oklahoma; Altin Kalo, commodity analyst with Steiner Consulting Group in Manchester, New Hampshire; and Steve Meyer, economist with Partners for Production Agriculture in Ames, Iowa…
…“Labor is tight everywhere,” Altin Kalo, an analyst at Steiner Consulting Group in New Hampshire, said by phone. “They can get the animals dead, but processing them is tough.”…
…”We don’t have as many export orders on the books for Q1 as we did a year ago,” said Altin Kalo, economist at Steiner Consulting Group, noting export demand and domestic holiday buying are adding support, but demand into next year remains uncertain….
…Len Steiner, an analyst at Steiner Consulting Group, said American pork supplies should ultimately be lower in 2020 than in 2019. “The reason is exports,” Steiner said on the webinar…
…“Are we going to have less meat for the American public? That’s probably going to happen this year,” said Len Steiner, an analyst at Steiner Consulting Group…
…Cheaper cuts like rounds and chuck that end up in retail stores were behind Monday’s gains, said Altin Kalo, an analyst at Steiner Consulting Group. Wholesale beef rose 7.8% to $2.2436 a pound Monday, data from the U.S. Agriculture Department show….
…Meat producers can’t count on U.S. consumers to eat up the slack, said Altin Kalo, an economist with Steiner Consulting Group. …