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Manitoba cattle auctions kept running during the week ended March 27 under social distancing rules, with only staff and order buyers allowed in. Volumes were lower than normal because prices were volatile, while butcher cows and bulls fetched high prices and feeder cattle stayed strong.
Reduced sale volumes and firm feeder demand point to tight near-term feeder supplies in Canada. The price signal is mixed, with volatility limiting trade.
manitobacooperator.caPhil Franz-WarkentinApr 3, 2020Not 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.
