Cattle Report

Direct Sales

Alberta direct cattle sales last week saw light trade develop with weighted steer and heifer prices closing the week in the low $320.00s/cwt, $7.00/cwt lower than last week. Fed cattle prices are at the lowest point since late March. Last week, butcher cows traded steady to $1.00/cwt higher through commercial auction facilities. Bigger cow carcass weights are having a significant impact on production. YTD cow slaughter is 5% lower than last year, yet with bigger carcass, non-fed production is slightly larger than last year. Butcher cows prices traditionally see a little bit of an uptick during the first half of August during the first half of August. A small rally is possible, but second half of the year price are highs are likely in the books.

 

 

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