The Saskatchewan Cattlemens Association wrapped up a series of meetings in Weyburn last week.
One of the keynote speakers at each location was Canfax Market Analyst Brian Perillat. He talked to producers about the fact that marketing is a process not an event, people need to know their cost of production and evaluate market information before making their decision.
"Once you know your numbers and figure out what you need to break even then you can figure out is the market giving me a signal to feed these cattle longer or to sell them or maybe to feed them and lock in a profit today or protect some of the equity I have invested into the cattle."
He says the biggest source of information is the live cattle futures out of Chicago, what’s happening with basis levels and the Canadian dollar.He notes the fluctuation of the Canadian dollar was helping us last year but is hurting us this year.
Source : Discoverestevan