Cattle industry in ‘holding’ pattern watching signals from the U.S.
Agriculture Canada has issued a positive economic forecast for the industry.
While net cash income is expected to post a slight dip, income will still be higher than the past five-year average. However, a slight weakness noted in the Feb. 17 report is blamed on North American livestock markets
Local cattleman Bob Balog says the first few weeks of January started out on a note of optimism, as feeder cattle were strong, and the American market was moving in the right direction and finished cattle were selling at a strong level.
Unfortunately, Balog noted late January and the early part of this month brought a lot of hesitation to the cattle market.