WINNIPEG (Dow Jones) -- Cash prices for Canadian feeder cattle may be reaching record highs, but that doesn't seem to be encouraging herd expansion.
Herb Lock of Farm$ense Marketing Ltd. in Edmonton, Alberta said though prices for Canadian cattle are very strong, they could be even better.
"The real story is how far behind the Americans we are this year compared to last year," he said. "Prices are good, but they could be better."
Lock said Canadian fat cattle (1,500 pounds) are discounted by about $27.00 per hundredweight compared to delivered values in Nebraska, which is a steeper difference than ...