According to the World Bank Development Prospects Group, beef prices have risen 30 per cent in the last year. But the Canadian herd is not expected to expand rapidly and prices for other commodities have increased even more.
by MIKE MULHERN
In nearly 50 years watching the cattle business, Charlie Gracey has never seen the convergence of a high dollar, high beef and high corn prices . . . until now.
Gracey, a consultant and board member for the Alberta Livestock and Meat Agency, credits the U.S. market for the high price of Canadian beef along with a reduction in the Canadian herd of about 20 per cent since 2005.