Slaughter cattle dip
SASKATOON (Staff) – Slaughter cattle prices opened the week at steady money, but were driven as much as $1 per hundredweight lower by a limited supply of cattle for sale and higher American cash markets, Canfax said.
Total offerings on the week were not quite 12,000 head. The cold snap has triggered poor performance, causing some feedlots to delay sales. Trade on Feb. 1 had steers trading between $74.50-$76.50 while heifers were between $73.30-$76.50 per cwt.
D1 and D2 slaughter cows traded from $37-$50 per cwt., while railgrade bids stood at $85.
Feeder cattle prices were $2-$3 per cwt. lower than average on all classes, Canfax reported.
Hogs higher
A sharp reduction in hog numbers due to the cold snap caused higher prices in North American hog markets. In Saskatchewan, the Index 100 average pooled price increased by $9.90 per hundred kilograms; Manitoba’s price increased by $9.17 per ckg and Alberta’s price increased by $8.40 per ckg.
