Averaging over $151/cwt, weighted average steer prices last week were the highest since March. Western Canadian fed prices were however $12/cwt below last year and $13.50/cwt lower than the five-year average. Fed prices for the month of January are on track to average around $150/cwt, the lowest January average price since 2014. Dressed sales were…
Last year saw major cattle/beef supply chain issues which resulted in very volatile slaughter cattle markets. Although processing levels recovered and exceeded a year ago in the second half of 2020, supply chain issues in the second quarter weighed on the market throughout the rest of the year as it took months to work through…