Cattle Report

Direct Sales

Alberta direct cattle sales Wednesday saw light trade develop with dressed sales marked at 265.00 delivered, sales are steady to 2.00 lower than last week. All three Western Canadian packers are showing interest on the cash market but competition to own cattle seems to be a little weaker compared to last week. Usually in late April/early May, fed cash sales volumes are rather large but overall sale volumes have been fairly moderate over the past couple of weeks. Even though fed prices are at annual highs feedlot margins remain negative. A lot of early placed calves have breakevens in the mid 160’s.

Canadian Dollar

$81.85   0.42