Cattle prices move lower
Western fed cattle lost $2.50 per hundredweight on average last week, according to Canfax. There was a large number of cattle offered, but most were sold at the lower end of the bidding range.
Considering the lower United States market and ample supplies, the U.S. price floor is expected to remain in the mid $60s, said Canfax, leaving local prices in the mid $80s. Any market sparks could help prices, but packers report sluggish trade. The outlook is for prices to stay mostly steady, Canfax said.
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Last week, fed steers brought $84.10-$85.95, while heifers sold for $84.50-$85.95.
In the stock cow trade, bred cattle sales were mostly steady with prices ranging from $600-$1,250. Cow-calf pairs sold for $735-$1,290.
Cows sold for slaughter were priced from $46-$58 for D1s and D2s. Good grain fed types traded up to $61.
Best hog prices in Man.
Manitoba Agriculture reports the hog packer weekly index 100 price summary for the province last week ranged from $128.90-$131.28 per hundred kilograms on 54,782 hogs slaughtered.
Alberta prices ranged from $119-$131 per ckg, while Saskatchewan prices ranged from $116-$119 per ckg.
In the U.S., cash prices have improved, mainly because of reductions in packer margins. Pork production is up 12 percent in the U.S. compared to the same period a year ago.
Lambs $1.10 to $1.20
Canada West at Innisfail, Alta., reports liveweight prices for lamb weighing 90-110 pounds at $1.10-$1.20 with lambs heavier than 110 lb. bringing 80 cents to $1.05 in Alberta. Slaughter sheep brought 25-35 cents a lb.
In Saskatchewan, old crop lambs brought $1.15 a lb., fall lambs brought $1.17 and new crop lambs brought $1.25.
Slaughter sheep paid 50 cents a lb. and goats paid 60 cents.
