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High prices, higher stakes: CattleFax warns of market uncertainty
The CEO of CattleFax says today’s cattle market presents both tremendous opportunity and unprecedented uncertainty.
“We’re in a time period of potentiality the greatest risk we’ve ever seen.”
Randy Blach says there’s been plenty of opportunity for producers to take advantage of higher prices, but, “We are starting to see a little bit of consumer fatigue. We are starting to see some price resistance. I don’t think we should be surprised if these markets flatten out or have some correction over the next several months.”
He tells Brownfield, “We’re going to run into resistance at the wholesale markets. We’re not going to be able to move as much product. We’re not going to see as much featuring activity at retail.”
Blach says, historically, spring highs in the markets are followed by lower prices in the fall and this year may not be an exception.
Randy Blach:
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