. Agri-news. Agriculture. December 12,1994 GO CO CO co cocoes LIP ** y DEC 2 I -94 Weaker Canadian dollar boon to livestock markets Both slaughter and feeder cattle markets benefited from a weaker Canadian dollar last month, and a continued weak dollar will be a positive in all livestock markets says an Alberta Agriculture market analyst. 'This doesn't mean sudden prosperity, but prices and margins should be better compared to recent months," says Ron Gietz of the market analysis and statistics branch. In slaughter cattle markets, Gietz forecasts fed cattle prices to trade in a $68 t
. Agri-news. Agriculture. December 12,1994 GO CO CO co cocoes LIP ** y DEC 2 I -94 Weaker Canadian dollar boon to livestock markets Both slaughter and feeder cattle markets benefited from a weaker Canadian dollar last month, and a continued weak dollar will be a positive in all livestock markets says an Alberta Agriculture market analyst. 'This doesn't mean sudden prosperity, but prices and margins should be better compared to recent months," says Ron Gietz of the market analysis and statistics branch. In slaughter cattle markets, Gietz forecasts fed cattle prices to trade in a $68 to $73/cwt. price band between now and May. "This would generate Alberta prices - in Canadian dollars - in the upper 80s and low 90s through that same period, based on continued weakness of the Canadian ; [See Table 1 below.] "Such prices would also bring a return to profitability for the feedlot sector, a welcome break from the losses in 1994," he adds. Month Alberta Direct Sale Steer (ADS-Steer) Edmonton Dl, 2 Cow December, 1994 89 51 January, 1995 91 54 February 93 56 March 94 57 April 92 58 May 87 59 Table 1: Forecast average Alberkt slaughter aittk'prices based on a 73 cent Canadian dollar. The weakened Canadian dollar and strengthened fed cattle markets were both positive factors in feeder cattle markets says Gietz. As a result, heavy feeder cattle prices crept higher. "However, the most likely direction of feeder cattle prices is sideways to slightly higher prices before March when heavy volumes may begin to pressure prices. Heavier feeders, 800 to 900 lb., will likely average in the $95 to $100/cwt. range," he says. ALBERT/ m EDMONYQ , ..... .' In the hog market, an unprecedented surge of slaughter hogs onto the market had a disastrous impact on prices. Canadian hog prices responded in tandem to the slumping market. "The Alberta producer payment for Index-100 hogs dropped below the $ 1 per kilogram mark by the last week
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