Last week, the Canfax average fed steer and heifer price closed around $302.50/cwt live, $2.50/cwt lower than the previous week. Fed prices have declined for four consecutive weeks, dropping $13/cwt. Light trade was reported last week, with dressed sales from $504.50–506.50/cwt FOB the feedlot. Competition on the cash market was mixed; one major Western Canadian…
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