"They lost a day and a half. They'll probably run Saturday to make that up. Maybe put more focus on the fed cattle. I would say for the most part, there's a bit of a sigh of relief as long as it continues to go smoothly now."
Perillat commented on cattle prices.
"We're in good shape, our basis, we continue to be at a huge premium to the United States. Pretty much record large. We're 18 or 19 cents a pound premium to the U.S. fed market...Feedlots have not had much profits the last couple of years but there might even be a few dollars profit with some of these cattle. It's better than it's been, for sure."
He also touched on the dry conditions.
"Certainly the U.S., we've seen they've had some huge cow slaughters down there. The U.S. cow heard is shrinking. Western Canada and Manitoba, there's been a few places they've even had some pairs being sold. We've got some rain in a lot of areas but it hasn't really been enough. We're certainly going to need quite a bit more, it was just so dry prior to the rain. Right now, we're not seeing too much of a change. Auction mart numbers are really dwindling. So far we're just crossing our fingers we get some moisture without too much more heat. Certainly could continue to see a few more cows move around."
Click here to see more...