The Canadian cattle industry has seen some strong prices in the first half of 2023.
Brenna Grant, the Executive Director of Canfax, says the tight supplies in North America have been the underlying factor that's really driven the market to where we're at today.
The tighter supplies in the cattle sector have also resulted in higher prices at the grocery store.
During a recession, beef tends to do fairly well as long as prices with competing proteins stay within historical ranges, if the other proteins go lower it could have an impact.