The fall cattle run is underway.
Brian Perillat is Manager/Senior Analyst at Canfax.
"So far it's been pretty moderate," he said. "There was a lot nervousness with all the drought and dryness about how the fall run would go in terms of numbers but they've been pretty moderate. Still some bigger numbers likely to come later in the month or early November. On the market side of things, fed cattle prices have been really steady for the last month or two...still a lot of fed cattle to work through at the time being."
Perillat commented on the calf and feeder side of things.
"The flat fed cattle market and these bigger volumes picking up and seeing cattle on feed numbers well above a year ago. You've certainly seen some softness on the calves, especially coming off over the last few weeks...Some feedlots need to move fast just to make room for these calves. Seeing some pressure, which is fairly seasonal for this time of year."
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