Cattle markets have been difficult to predict over the past seven months with a decline in slaughter in the U.S. and continued increases in cattle on feed, but prices remain high.
The Markets: Cattle markets are acting in an unpredictable way across North America
Seasonal weakness, rains pressure barley
Heat damage reported in some areas
The Markets: Watch U.S. consumer buying trends for signs of the cattle market’s future
Buying activity at feedlots continue to be strong
Barley prices to stay put for now: trader
Few prices changes in May, but declines to come this summer
C$3 to C$5/tonne weekly increases reported
Trade wars could make more room for cereals