Feeder cattle prices continue to increase
Some feedlots down east still have room for Manitoba cattle
By Adam Peleshaty – MarketsFarm, Manitoba Co-operator (Canada)
February 12, 2021
Manitoba cattle auction yards saw plenty of activity in the first week of February as more than 8,000 cattle went through the rings. By comparison, roughly 5,000 head were sold in the previous week.
Feeder prices continued their steady ascent over the past few weeks as lighter-weight steers saw the greatest value. High-end steers weighing less than 500 lbs. were consistently being traded at more than $250 per hundredweight, with some animals fetching more than $300/cwt.
Harold Unrau of Grunthal Livestock Auction Mart cited a couple of reasons for the rise in prices.
“Basically demand. Futures are up a little bit. They’re showing signs of strength and there’s hardly any (cattle) being sold,” he said, adding that sellers have plenty of feed to keep their cattle longer.
“The feeder cattle (prices) will remain strong for a little while, maybe even a little stronger.”
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