Appears to be solid wholesale beef
demand heading into the Labour Day long
weekend.
Also, Alberta fat cattle basis levels
are starting to narrow (about $9 under
Chicago live) right now. Fed bids lifted
about 2 cents/lb last week.
With U.S. drought, cattle supplies look
to be quite snug heading in 1st quarter
2013.
Feeder cattle starting to rebound as the
corn rally fades. Cattle prices have to
surge substantially to compensate for
these hot barley prices.
demand heading into the Labour Day long
weekend.
Also, Alberta fat cattle basis levels
are starting to narrow (about $9 under
Chicago live) right now. Fed bids lifted
about 2 cents/lb last week.
With U.S. drought, cattle supplies look
to be quite snug heading in 1st quarter
2013.
Feeder cattle starting to rebound as the
corn rally fades. Cattle prices have to
surge substantially to compensate for
these hot barley prices.
Comment