Linz’s End of 2024 Meat Market Forecast
July 31, 2024
With all hands on deck from conception to plate, we have the inside scoop on the behind-the-scenes of the meat business. Like any other industry, our supply and demand fluctuates throughout different times of the year for various reasons, from the busy holiday season to environmental conditions. We use our knowledge and expertise to develop predictions on the market and our herd to make the necessary adjustments to do what we do best, produce high-quality Black Angus beef that meets the needs of our partners. Hear from the Owner and Chief Executive Officer of Meats by Linz and Linz Heritage Angus, Fred Linz, on his end-of-year predictions on the wholesale meat market.
Third-generation, Fred Linz, predicts that there will be plenty of cattle available towards the end of 2024. “Cattle weights will remain abnormally high, producing more meat with fewer heads harvested”, says Fred.
With the recent purchase of our feedlot in Rockyford, Colorado in 2022, our Linz Heritage Angus program gained the ability to collect accurate data to improve our genomics on the registered Angus side. Our feedlot aids Linz Heritage Angus in tracking our calves’ progress – daily gains, consumption, and scanning data of each carcass– so we can make necessary adjustments to the effects of any everchanging outside factors on our herd. We have all the tools and control to continuously and consistently produce beef highly touted as the finest by respectable establishments worldwide.
As always, with the closing of another successful year comes the high demand for the busy holiday season. Meat prices will be strong in the last quarter for the normal holiday season. “Demand on the retail side has softened compared to recent years as inflation has been taking its toll on the average consumer. Softer retail demand should keep pricing at bay for the food service sector,” Fred added.
The team at Meats by Linz looks forward to servicing our partners for the upcoming holiday season. We are always just a phone call away to help with any of your needs. We are committed to every customer and delivery so that you receive what you need no matter the time of year.
