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Cattle Markets Begin 2018 On A Positive Note
Fed cattle prices have been quite strong through the holidays.
That from Brian Perillat, manager and senior analyst with Canfax.
"It was a fairly strong market the last couple of weeks. Western Canadian fed prices increased both weeks and I think about $7/cwt higher than when we ended the last full week of 2017, so that's been definitely positive."
Perillat notes western Canadian prices have been at a premium compared to other regions.
He adds the strong Canadian dollar hasn't hurt cattle prices, which is not normally the case.
Weather concerns in the U.S. could be a market factor to watch.
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