. Agri-news. Agriculture. LIBRARY ALBERTA AGRICULTURE MAIN FLOOR O'DONOGHUE BLDG EDMONTON (BLDG) Phone: (403) 427-2121 1040085 OOGOGOOOGOGOGOOO& April 6,1992 Time will tell price spreads in new beef grading An Alberta Agriculture market analyst predicts it will take until later this month before the market settles into the new beef grading system. "By late April we should have a good idea of the price spreads between the three yield grades of A1, A2 and A3," says Ron Gietz. Each beef carcass will be graded for meat yield calculated from loin-eye area and fat thickness. The n
. Agri-news. Agriculture. LIBRARY ALBERTA AGRICULTURE MAIN FLOOR O'DONOGHUE BLDG EDMONTON (BLDG) Phone: (403) 427-2121 1040085 OOGOGOOOGOGOGOOO& April 6,1992 Time will tell price spreads in new beef grading An Alberta Agriculture market analyst predicts it will take until later this month before the market settles into the new beef grading system. "By late April we should have a good idea of the price spreads between the three yield grades of A1, A2 and A3," says Ron Gietz. Each beef carcass will be graded for meat yield calculated from loin-eye area and fat thickness. The new system, which went into effect yesterday (April 5), will introduce marbling into the Canadian grading system. "There has been considerable speculation about how marbling ratings will affect prices, and the market will provide the answer," Gietz says. "We should see whether or not there will be any premiums for the highest marbling grade, ; Meanwhile, Alberta fed cattle prices are likely to be pressured down with the spring run of fed calves. "The odds of a price increase from week-to-week are relatively low during the spring and summer period," he notes Gietz foresees an Alberta Direct Sales Steer price of $83/cwt. through April, $80 in May and even lower for the summer. Prices for Alberta slaughter steers and heifers did average above $80/cwt. through March. Alberta feeder cattle markets appear to be caught in a holding pattern with no prominent trends. "Cattle under 700 lbs. should remain in tight supply and good demand, provided spring moisture conditions are at least adequate. My outlook is for steady prices through the spring months," he says. Gietz also notes the Alberta beef herd is into its sixth consecutive year of increasing numbers. Based on January 1,1992 and Canadian inventory statistics, the Alberta herd is the fifth largest of all states and provinces ranking behind Texas, Missouri, Oklahoma and Nebraska. Saskat
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