On July 3, I highlighted the price action in the animal protein sector in Q2 2023 on Barchart. When forecasting the outlook for Q3 and beyond, I wrote, “While the meat futures will experience seasonal demand pressures in July, prices could begin declining in August as the grilling season ends on the Labor Day holiday weekend in early September. However, high production costs could continue to underpin prices over the coming months.
Expect elevated prices over the coming weeks, with the potential for an off-season correction as the market anticipates the season where grills go back into storage in the fall.”
