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Cattle Backlog Impacting Market

The backlog of cattle in Western Canada is gradually depleting.
 
Brian Perillat is Manager and Senor Analyst with Canfax.
 
"As good as the processing rates have been, I guess we're still seeing a bit of a backlog impact the market," he said. "The fed cattle market has been completely flat...Typically this time of year we start to see a little bit of price improvement but two or three weeks ago we had record large carcass weights. There's a lot of big steers and heifers out there that have to get processed and that's kind of weighing on the market."
 
Perillat notes calf markets have been struggling as of late.
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