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Cash markets hold up on both sides of the border – RealAgriculture

There is a lot going on at the cattle markets since it’s already mid-October (?!).

Anne Wasko of the Gateway Livestock Exchange says markets south of the border have been largely stable, at around $ 124 for live cattle in the south and $ 124-125 in the north as she notes the clipping waste we do still see.

“Last night, $ 280 was short of the election, less than last week. But when you think about it, “Now is this a good value, does it have to drop any more?” In the past two months we’ve seen this clipping drop above $ 60 per hundred [weight]. I think we’ll find a place here as we move into the final quarter and the upcoming holiday season. I think this is what we will call a cheaper product for buyers to enter the market, ”says Wasko.

She adds that late November through Christmas and New Years is one of the best times to visit the United States.

On the Canadian side, the cash market looks pretty stable too – it’s at $ 264 in Alberta and $ 270 in Ontario.

“It’s pretty quiet in cash, so the live market averaged around $ 157 last week, so I suspect our numbers will be close to that. Base levels are about two to three above the five-year average for this time of year and the Alberta base is one to two below, so it’s still a positive base story here in 2021, just not that extreme, “explains Wasko.

On the feeder market, the prices for annuals are almost at the same level as a year ago, but seasonally – due to a very early start to the fall run – we saw the market climb higher in June / July / August and peak in September. The cash market, says Wasko, is a slightly different story, as Alberta has lost $ 8-10 in the past few weeks.

However, there is optimism in the feeder market, says Wasko, as the futures market “tells us that prices for North American cattle prices will be better in 2022”.

Check out the full conversation between Wasko and RealAg Radio host Shaun Haney below:

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