Friday, October 7, 2011

Fall Sales Look Good So Far

Our 13th Canadian Angus Rancher Endorsed Fall Feeder Sale of the 2011 run takes place today in Olds. So far, things are good and there is lots of optimism as the market has picked up this week. People are very happy at the auction marts and producers are feeling good. Many are finding that they are receiving more money than they did at the same time last year for comparable quality calves.

Supply and demand are a big factor, and this year that is driving prices up. The Canadian dollar has gone down a bit and that doesn't hurt either. Cattle prices have gone up while other commodities have gone down.

Guys are a bit slow in bringing their cattle to town, but that is typical for this time of year. The numbers will pick up after the Thanksgiving holiday and we'll see high numbers of cattle going through the auction rings through the end of October.

Have a great Thanksgiving, and watch for our commercial field reps at Canadian Angus Rancher Endorsed Feeder sales near you. We will also have a booth and representation at both Red Roundup on October 21-22 and at Agribition November 23-26. A limited number of Canadian Angus Rancher Endorsed Tags will be available for pick-up at each location.

Posted by Brian Good