Sale volumes were too light to establish a weighted average fed price. Last week, dressed sales and bids were reported from $378-383/cwt delivered, $2/cwt lower than the previous week. Tentatively fed cattle prices are at the lowest point since April. From a supply perspective, fed calf supplies have started to wind down, while yearling numbers...
Read MoreAlberta fed prices continued to trend contra seasonally lower last week on waning cash market leverage. The bulk of trade was reported dressed from $380-385/cwt delivered, steady to $5/cwt lower than previous week rail bids. Light live trade was also reported at $226/cwt freight on board (FOB) the feedlot. Weighted average steer prices eased $1.46/cwt...
Read MoreSale volumes were too light to establish a weighted average fed price, but the market tone was steady to slightly lower. Last week dressed sales and bids were marked at $385/cwt delivered. Cattle that traded were being scheduled for early January delivery. Competition on the cash market has been limited, in some instances packers were...
Read MoreFollowing 12 weeks of static pricing, average Alberta fed steer prices slipped to a 28-week low. A combination of negative packer margins, increased formula price commitments, and concerns of recessionary reduced demand, all contributed to softer North American fed cattle prices. Scattered light dressed trade was $3-5/cwt lower than the previous week from $385-387/cwt delivered,...
Read MoreSale volumes were too light to establish a weighted average fed price, but the market tone was steady. Dressed sales and bids were marked at $390/cwt delivered. Light volumes of Western Canadian fed cattle were marketed into the U.S. These cattle were committed to the U.S. packer on a formula price. Last week the Alberta...
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