U.S. offers premiums

Last week dressed sales were reported at $302 per cwt. delivered. Cattle were being scheduled for late November/early December delivery. Light volumes of Alberta cattle traded to the U.S. Depending on freight and dressing percentage, cattle were working back to the $186 per cwt. area f.o.b. the lot.

Sales to the U.S. were at a premium over local deals. Given that, it is surprising that more cattle have not been marketed that way. Truck availability and grading specs are likely two factors limiting producers from selling more cattle into the U.S.

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