. Agri-news. Agriculture. Phone: (403) 427-2121. May 9,1994 GO GO GO CO CO GO GO GO C CANADIANA Record setting prices for feeder cattle Western Canadian feeder cattle markets remain extremely strong, in most cases setting new record highs for this time of year says an Alberta Agriculture market analyst. "Heavy feeder cattle traded at fully steady prices during the peak March-April period, at least partly because of a further weakening in the Canadian dollar," says Ron Gietz of the market analysis and statistics branch. He notes that current heavy feeder steer prices are about $10 per
. Agri-news. Agriculture. Phone: (403) 427-2121. May 9,1994 GO GO GO CO CO GO GO GO C CANADIANA Record setting prices for feeder cattle Western Canadian feeder cattle markets remain extremely strong, in most cases setting new record highs for this time of year says an Alberta Agriculture market analyst. "Heavy feeder cattle traded at fully steady prices during the peak March-April period, at least partly because of a further weakening in the Canadian dollar," says Ron Gietz of the market analysis and statistics branch. He notes that current heavy feeder steer prices are about $10 per hundred weight (cwt) above last year's high level and nearly $20 cwt above the five-year average for late April. "Heavy feeder steer prices are high, but the real action is in the spring grass cattle and breeding stock markets," notes ; Following good returns from summer grazing last year, buyers are eager to pay top dollar for limited supplies of good, light-weight ; Market averages on lighter weight classes are almost $20 cwt above levels from a year ago. Exceptional light steers have traded as high as $ per pound. "Bred females and cow-calf pairs are trading at previously unheard of levels-up to $1,800 for pairs," says Gietz. Feeder markets in the are not nearly as buoyant. Following a string of losses last fall, feedlots have become increasingly reluctant to bid on replacement feeders. Uncertainty over the 1994 corn crop and downward-trending live cattle futures have not helped the market. "As a result of weaker feeder cattle demand south of the border, Alberta feeder cattle exports to the during the first three months of 1994 were half the volume of last year and well below the peak marketings of 1990 and 1991," says Gietz. Gietz sees a combination of tight supplies and active demand keeping the Western Canadian feeder cattle prices strong through the spring and summer. JUN 27)994 "The value of
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