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Canada cattle prices stay low as Cargill gains market power
The Canadian cattle population rises to 2.3 million as U S border closures and processing bottlenecks push producers toward larger herds. Cargill’s acquisition of Caravelle Foods and subsidies to High River plant concentrate market power, keeping cow prices depressed despite higher beef retail costs. Industry groups urge stronger competition and new independent slaughter capacity.
MENTIONED IN THIS ARTICLE
Canada
Federal Competition Bureau
USDA
Alberta
XL Foods
Nilsson Brothers
Caravelle Foods
Ontario
Caravelle
Cargill
National Farmers Union
Competition Bureau
Saskatchewan
Ottawa
Mulroney
Shirley McClellan
High River
McClellan
Tyson
Cargill and