Canfax report, cattle and bovine production

Alberta direct cattle sales saw moderate volume trade last week, with weighted average steer prices firming $3 per hundredweight higher than the previous week. The bulk of sales were reported dressed from $315-$317 per cwt. delivered

Local live trade was reported comparable with rail sales at $187.75 per cwt. A significant portion of last week’s cash offering traded south at US$240 per cwt. delivered and worked back to around a $190 per cwt. f.o.b. the feedlot live equivalent.

Western Canadian fed slaughter for the week ending Jan. 14 rallied three percent larger than the previous week to 40,893 head and year to date is 11 percent larger at 80,651 head.

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