There is still some buying activity at feedlots despite some cattle already being put out to pasture for the summer months, according to Susanne Leclerc at Edmonton-based Market Master Ltd.
Buying activity at feedlots continue to be strong
Expected to rise mid-May to mid-June
Planting, growing progress pressuring prices
Few prices changes in May, but declines to come this summer
Demand for U.S. corn, planted acres could change
C$3 to C$5/tonne weekly increases reported
Trump a wildcard
Expect slow spring, summer
Better Chinese yields, stronger Brazil prices