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Manitoba cattle auction volumes stayed strong in the week ended April 26, with steers of 400-600 lbs selling around $210-260/cwt. Sellers expect volumes to fall as cattle go to grass and spring seeding begins.
Seasonal drop in feeder supply can firm feeder prices later in spring, which affects the cost of cattle and the feed demand from Canadian feedlots.
manitobacooperator.caPhil Franz-WarkentinMay 3, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
