Larger players aggressively securing lightweight calves on expectations of low yearling supplies
Conditions are developing that should support record calf prices next fall
Major grazing regions of Western Canada receive more than double of normal precipitation in last month
The U.S. report, released every Friday, is an important indicator of cattle market movement
Precipitation in Alberta, Saskatchewan increases demand for grassers
Some buyers suggest some heifers are being purchased for breeding
A small change in cattle numbers can result in a large drop in market value
Canadian values appear to be one week behind the U.S. market
The longer-term outlook remains bright, despite lots of cattle on feed
The U.S. cattle herd reached lowest head count since 1950s, trade anticipates heifer retention
