A year-over-year decrease in Q1 feeder cattle placements in both Canada and the U.S. is expected to lead to tighter market-ready supplies during the summer.

Expect stronger cattle markets for third quarter

A surprise reduction in beef production could mean higher prices

During the second week of March, Alberta packers were buying fed cattle on a dressed basis in the range of $378-$380 per hundredweight (cwt) delivered. Prices f.o.b. (free on board) the feedlot in southern Alberta were quoted from $225 to $226/cwt. The market has been consolidating over the past month, as market-ready fed cattle supplies […] Read more