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Short Supply, High Demand Boost Feeder Market

Cattle movement continued to be solid at the various auctions in Manitoba during the week ended Oct. 28, with strong demand holding prices in place.

The demand in the market is spurring everything on, said Dave Nickel of Gladstone Auction Mart. Feeder cattle are continuing to move at a very brisk pace in the province, he said.

Part of the strong demand for feeders comes from feedlots in both Eastern and Western Canada, he said. The continued strong demand and shortage of animals was seen keeping prices firm, if not stronger.

Despite the Canadian dollar reaching above parity with the U.S. dollar at US$1.0082 late Friday afternoon, the strong currency has not dampened the upward price trend in the cattle market, Nickel said. The cattle shortage has offset much of the concerns of the rising Canadian currency, he said, as buyers are willing to pay a higher overall price for cattle.

From the auction floors

Note:AllpricesinCanadiandollarsperhundredweight.Thesepricesalsogenerallyrepresentthetopone-thirdofsalestheauctionyardsreported.

Ashern Auction Marthandled 2,090 head of cattle Oct. 26 including 200 for slaughter and 1,890 feeders.

For slaughter, D1 and D2 cows sold from $58 to $62; D3 and D5 cows, $50-$55; age verified, $62-$72; heiferettes, $80-$82; and good bulls, $70-$80.

Feeder steers at 900-1,000 lbs. sold from $113 to $122; 800-900 lbs., $118-$135; 700-800 lbs., $120-$142; 600-700 lbs., $130-$156; 500-600 lbs., $150-$165; 400-500 lbs., $158-$181; 300-400 lbs., $160-$181.

Feeder heifers at 900-1,000 lbs. sold from $100 to $115; 800-900 lbs., $115-$126; 700-800 lbs., $118-$127; 600-700 lbs., $121-$135; 500-600 lbs., $110-$148; 400-500 lbs., $120-$149; 300-400 lbs., $130-$170.

Gladstone Auction Martmoved 1,420 cattle Oct. 25. In the slaughter market, cows traded from $45 to $78 while bulls traded from $60 to $72.

Feeder steers weighing 800-900 lbs. fetched $120-$130; 700-800 lbs., $110-$146.25; 600-700 lbs., $120-$156.75; 500-600 lbs., $130-$175; 400-500 lbs., $140-$190; and 300-400 lbs., $140-$204.

Feeder heifers at 800-900 lbs. brought $100-$120; 700-800 lbs., $100-$120; 600-700 lbs., $110-$139.50; 500-600 lbs., $115-$148; 400-500 lbs., $120-$157; and 300-400 lbs., $130-$177.

Grunthal Livestock Auction Martsaw 128 slaughter cattle and 1,363 feeders sold Oct. 25. Fleshy export cows fetched $57-$62; lean export cows, $50-$54; mature cows, $48-$55; feeding cows, $60-$67; and export bulls, $72-$77.

Feeder heifers weighing 900-1,000 lbs. brought $90-$98; 800-900 lbs., $100-$115; 700-800 lbs., $110-$120; 600-700 lbs., $118-$135.75; 500-600 lbs., $124-$136.75; 400-500 lbs., $130-$145; and under 400 lbs., $140-$155.

Feeder steers weighing 900-1,000 lbs. sold from $108 to $121; 800-900 lbs., $115-$132.75; 700-800 lbs., $125-$139; 600-700 lbs., $135-$146; 500-600 lbs., $142-$159.50; 400-500 lbs., $155-$179; and under 400 lbs., $175-$220.

Heartland Livestock Services at Brandonhad 3,182 cattle on offer at sales held the week ended Oct. 28. In the slaughter market, D1-D2 cows traded from $60 to $65; D3 cows, $52-$59; and mature bulls, $72-$78.50.

Feeder steers weighing 900-1,000 lbs. sold from $115 to $124; 800-900 lbs., $120-$137.50; 700-800 lbs., $130-$148.50; 600-700 lbs., $135-$153.50; 500-600 lbs., $145-$169; 400-500 lbs., $165-$185; and 300-400 lbs., $175-$207.

Feeder heifers at 900-1,000 lbs. sold from $108 to $114.50; 800-900 lbs., $110-$123; 700-800 lbs., $115-$130; 600-700 lbs., $128-$138; 500-600 lbs., $135-$157; 400-500 lbs., $138-$159; and 300-400 lbs., $140-$165.

Heartland Livestock Services at Virdenon Oct. 26, had 3,911 head of cattle on offer. For slaughter, butcher steers brought $96-$100 and butcher heifers, $95-$99. Age-verified young cows traded from $58 to $64; D1-D2 cows, $57-$62; D3 cows, $54-$57; shelly cows, $35-$50; and mature bulls, $72-$77.50.

Feeder steers at 900-1,000 lbs. traded from $116 to $124.75; 800-900 lbs., $124-$137; 700-800 lbs., $132-$146; 600-700 lbs., $138-$154; 500-600 lbs., $147-$164; 400-500 lbs., $160-$188 and 300-400 lbs., $175-$211.

Feeder heifers at 900-1,000 lbs. brought $108-$116; 800-900 lbs., $111-$122; 700-800 lbs., $115-$127.50; 600-700 lbs., $124-$139; 500-600 lbs., $129-$152; 400-500 lbs., $145-$162; and 300-400 lbs., $145-$174.

Killarney Auction Marthad 1,042 cattle on offer Oct. 24. In the slaughter market, D1-D2 cows brought $52-$67 while D3-D4 cows sold from $42 to $51. Young feeder cows brought $55-$65. Slaughter bulls traded at $68-$73.

Feeder steers at 800-900 lbs. sold from $120 to $130; 700-800 lbs., $130-$145; 600-700 lbs., $138-$155.50; 500-600 lbs., $145-$170; 400-500 lbs., $160-$196; and 300-400 lbs., $170-$212.

Feeder heifers weighing 700-800 lbs. traded from $120 to $128.50; 600-700 lbs., $125-$140; 500-600 lbs., $130-$160; 400-500 lbs., $140-$169; and 300-400 lbs., $145-$168.

Ste. Rose Auction Martsaw 2,491 cattle sold Oct. 27. In the slaughter market, D1 and D2 cows ranged from $53 to $62; D3 and D4 cows, $50-$54; canners, $40-$51; slaughter bulls, $70-$75; and medium bulls, $60-$70.

Feeder steers at 800-900 lbs., fetched $120-$132; 700-800 lbs., $135-$150; 600-700 lbs., $140-$159; 500-600 lbs., $155-$170; 400-500 lbs., $175-$195; and 300-400 lbs., $160-$205.

Feeder heifers weighing 700-800 lbs. brought $115-$128; 600-700 lbs., $120-$140; 500-600 lbs., $130-$154; 400-500 lbs., $140-$161; and 300-400 lbs., $150-$185.

Taylor Auctions at Melitaon Oct. 27 saw 200 slaughter cattle and 1,444 feeders sold. For slaughter, D1 and D2 cows got $55-$65; D3 and D5 cows, $50-$55; and good bulls, $72-$77.

Feeder steers at 900-1,000 lbs. brought $110-$120; 800-900 lbs., $120-$135; 700-800 lbs., $130-$145; 600-700 lbs., $135-$150; 500-600 lbs., $150-$170; 400-500 lbs., $175-$190 and 300-400 lbs., $195-$229.

Feeder heifers at 900-1,000 lbs. traded from $105 to $115; 800-900 lbs., $110-$122; 700-800 lbs., $120-$130; 600-700 lbs., $130-$135; 500-600 lbs., $145-$155; 400-500 lbs., $150-$165; and 300-400 lbs., $170-$185.

Winnipeg Livestock Salesmoved 1,788 head of cattle Oct. 28, of which 275 were for slaughter and 1,503 were feeders.

Dry fed cows brought $57-$60; good fleshed cows, $52-$57; lean cows, $47-$52; young age verified, $50-$65; and good bulls, $68-$75.

Feeder steers at 900-1,000 lbs. brought $105-$115; 800-900 lbs., $120-$127; 700-800 lbs., $125-$135; 600-700 lbs., $130-$160; 500-600 lbs., $138-$160; 400-500 lbs., $140-$175; and under 400 lbs., $140-$190.

Feeder heifers at 800-900 lbs. fetched $110-$122; 700-800 lbs., $115-$124; 600-700 lbs., $120-$136; 500-600 lbs., $125-$140; and 400-500 lbs., $125-$140.

Adam Johnston Writes For Commodity News Service Canada, a Winnipeg company specializing in grain and commodity market reporting.

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