Source: Ashley Robinson, Commodity News Service Canada, October 1, 2018
Wet weather is holding producers back from rushing to sell their cattle in Western Canada, according to an analyst.
“Volumes are a decent size but they’re not burdensome by any means. (They’re) maybe slowed down a little bit by the weather and guys maybe re-accessing if things are going to green up. It just takes a little bit of pressure off,” said Brian Perillat, manager and senior analyst at Canfax.
Dry weather throughout the summer had led to scorched pastures and reduced hay yields, as the start of the fall run drew close many rushed to cull cattle in order to make what little feed supplies they had last. However, wet weather throughout most of September has caused regrowth of pastures and producers to reconsider selling so fast.
Image Source: Robin Booker
