Jerry Klassen, described below, said he thinks cattle prices won’t keep rising and there are already signs that consumer demand is slipping.
“The market is starting to ration demand at these higher levels,” said Klassen.
Beef prices are rising higher than consumer spending increases at supermarkets, and that can’t continue.
He thinks cattle prices will level-off in the next year.
Retail prices have increased 10 percent year over year. Another 10 percent increase will start strangling consumer demand.
“We could have a very volatile time going into 2012,” said Klassen.
