cattle market

In Alberta last week, the weighted average fed steer and heifer prices closed the week around $265/cwt, $8/cwt higher than the previous week. Fed cattle prices did establish new record highs. Light trade was reported last week with dressed sales reported from $432.75-436.50/cwt FOB the feedlot. U.S. packer interest was supportive and light volumes of…

Averaging on either side of $240/cwt Western Canadian fed prices rebounded $1/cwt. Fed cattle prices last week were $11/cwt higher than last year. Sale volumes were light last week and dressed sales were reported at $405/cwt delivered. Cattle that traded were being scheduled for late-November/early-December delivery. US packer interest was noted, and light volumes were…

Alberta fed bids started off at $257/cwt delivered and by Wednesday afternoon/Thursday, bids/sales were reported in the $261-262/cwt area delivered to the plant. Dressed bids/sales were anywhere from steady to $5/cwt higher than the previous week. Sale volumes were too light to establish a weighted average price trend last week. For the month of October…