Cattle prices at Heartland’s Virden auction have gained strength in recent weeks, due in part to consistent demand and few active auctions across the province. Many auctions across Manitoba take the summer off, but Heartland and Winnipeg Auction Mart held sales this week.
“Feeder and fed cattle took a nice run of increases over the past two weeks,” remarked Heartland Virden’s Robin Hill.
The auction saw approximately 500 head of cattle come to auction, with 175 butcher cattle and the remaining 325 as feeder.
Last week, feeder heifers between 800 and 900 pounds were between $156 and $169 per hundredweight. This week, prices for the same weight class were between $164 and $180 per cwt.
Similarly, butcher cattle were between $89 and $99 per cwt at the Aug. 4 sale, and between $91 and $98 per cwt during this week’s sale.
Hill attributed some of the strength in prices to positive activity on the Chicago Mercantile Exchange, where cattle futures were up by US$3 to US$4 per cwt.
“We’ve seen it come up quite a bit in the past 10 days,” he commented.
Hill believes cattle auctions to be about three weeks away from the fall run, with expectations of late-season rain possibly delaying it further.