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Western Producer Livestock Report

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Published: September 29, 1994

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SASKATOON (Staff) – Slaughter cattle prices opened the week at steady money, but pressure from the higher Canadian dollar, six percent more marketings than the previous week and heavyweight cattle meant prices didn’t hold.

The split on prices between cattle was readily apparent last week, Canfax reports: demand for handyweight cattle was firmer, with some 60-day summer grass heifers offered in the mix, while bids on cattle weighing more than 1,300 pounds were selective.

Overall, prices were down by about $1 per lb. from the previous week. Trade on Sept. 22 saw steers bring between $77-$82.65 while the range on heifers was narrower at $79-$82.75.

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The yield estimates for wheat and soybeans were neutral to bullish, but these were largely a sideshow when compared with corn.

Canfax reports cattle were sold both to the United States and to eastern Canada last week.

Prices in the U.S. went higher towards the end of the week, with market-ready cattle priced at $67 (U.S.) from Nebraska to Texas.

Movement from feedlots in the Oklahoma-Texas Panhandle topped 100,000 head and included many heavier weight cattle.

Feeder cattle were under pressure this week on lower volumes and cautious buyers, Canfax said. Steers were $2 per cwt lower in all classes while heifers were $2-$4 lower.

Hog prices lower still

Hog prices dropped below $120 per ckg this week, down $5-$7 per ckg from the previous week. Marketings were higher in Saskatchewan and steady in Manitoba and Alberta.

Hog kills in the United States were up by nearly 10 percent compared to the same week one year ago. Cash prices in Omaha on Sept. 23 stood at $35 (U.S.).

Markets at a glance

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