Manitoba cattle market softens into springtime
Spring highs appear to be in, with bigger supplies ahead
By Marlo Glass, Glacier MarketsFarm
Manitoba Co-operator - May 10, 2019
Cattle volumes were down at auctions across the province on the week ended May 3, which is par for the course after spring highs were observed weeks prior.
“It’s been an interesting couple of weeks,” said Brian Perillat of Canfax in Calgary. “We’ve seen weakness recently in the cash markets.”
Perillat believed that spring highs reached their peak last week, when 900- to 1,000-lb. feeder steers saw prices in the $162- to $179-per-hundredweight range. This week, prices for the same weight class ranged from $135 to $160/cwt.
Prices on feeder cattle over 800 lbs. have come down by eight cents per pound, said Perillat.
“Looking at bigger supplies over the summer, fed cattle will get lower.”
Prices at markets in the United States are facing pressure as well, as many cattle have been moved to feedlots for the summer.