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Cattle prices show strength thanks to recent rain

Heavier cattle come under some seasonal price pressure

Producers and feeder buyers were relieved by recent rain as it will help improve hay stocks.

Cattle prices were strong across the province during week ended May 31, with grass cattle staying local thanks to timely rain.

Grass cattle in the 400- to 500-lb. range observed prices between $150 and $250 per hundredweight, consistent with last week’s prices.

Similarly, cattle in the 500- to 600-lb. range saw prices between $150 and $251/cwt, a slight jump from the previous week’s $150-$238/cwt.

Allan Munroe of Killarney Auction Mart believes scattered rain over the previous weekend stoked optimism at auctions.

“As long as we continue to get some timely rains, life will be good,” he said.

Munroe observed prices for heavier cattle haven’t been very strong, but “there’s always pressure on big cows” during springtime.

Since hay stocks are tight due to low yield and little carry-over from previous years, producers and feeder cattle buyers alike were relieved by the rain.

Until markets break for summer, Munroe expects prices to remain strong.

“Unless we have an extreme drought, things should be positive.”

x photo: File

About the author

Glacier MarketsFarm

Marlo Glass

Marlo Glass writes for MarketsFarm, a Glacier FarmMedia division specializing in grain and commodity market analysis and reporting.



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