Market Summary

Slaughter cows and bulls $2-3 higher. All feeders $20-30 higher.  This is quite a market. Record prices for all classes of cattle.  The August feeder cattle futures contract closed over $3 USD this week for the first time ever.  So how do we think about things going forward?  I have a few thoughts.  I think it’s wrong to think that trade issues have gone away. We always have to keep in the back of our minds that the US will always act in its own interest, independent of any agreements they may have signed, and there is an increased chance of trade disputes. I also think we’re just beginning to see the shortness of feeder cattle supply. Up till now it’s really been an extraordinary beef demand story, which shows no sign of ending. Beef has become a priority purchase with consumers.  Expect record prices for feeders and calves going forward.  Some 600 lb steer calves are trading for fall delivery privately for $5/lb and that may be cheap.  I think we can expect bred females to trade higher and higher.  They are still relatively cheap relative to the value of the calf.  As well, unless the drought eases in cow country in the US there won’t be much rebuilding of the cow herd and placements may be elevated for a few months.  At the end of the day I think we don’t have many issues as far as the market goes but we need some moisture. We can start worrying about that instead of the markets!  Have a good week. Ian

Market News

Cow/Calf Pair Sale - May 22 Click to view

JUNE 6 CONSIGNMENT SALE LISTINGS

Consignment Sale has been set for online June 6 closing June 9. Are you thinking of consigning equipment or shop tools? Give Justin a call @ 587-281-2527

GIVE THE OFFICE A CALL OR EMAIL US WITH THE VACCINATION PROGRAM ON YOUR CALVES.

When bringing in cattle please fill out manifests for Feeder cattle separate from Cows/Bulls.

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