. Agri-news. Agriculture. FOR IMMEDIATE RELEASE BEEF CATTLE PRICE PROSPECTS Canadian fed beef prices are likely to get back to the low $40 level shortly and to remain there for the rest of the year. Alberta Agriculture's marketing economist, Jim Dawson, says "Canadian prices are expected to be under pressure from non-fed beef and from the U. S. market during the last quarter of this ; With the border now open between the United States and Canada, this fall's Canadian cattle market will probably be on an 'import basis' relative to that of the U. S. and slaughter cattle will be im
. Agri-news. Agriculture. FOR IMMEDIATE RELEASE BEEF CATTLE PRICE PROSPECTS Canadian fed beef prices are likely to get back to the low $40 level shortly and to remain there for the rest of the year. Alberta Agriculture's marketing economist, Jim Dawson, says "Canadian prices are expected to be under pressure from non-fed beef and from the U. S. market during the last quarter of this ; With the border now open between the United States and Canada, this fall's Canadian cattle market will probably be on an 'import basis' relative to that of the U. S. and slaughter cattle will be imported into Ontario. "This situation," says Mr. Dawson, "is likely to occur because the seasonal supply and placement of short-keep cattle comes earlier in the United States than in Canada. Allowing for the feeding period of short-keeo cattle, the U. S. will have a heavier run of fed beef in the last quarter of this year, with Canada's main flow starting in the first quarter of ; Mr. Dawson says a Canadian price advantage of approximately $5 per hundredweight would be enough to offset freight costs from the United States and to offset the devalued Canadian dollar and thereby allow U. S. slaughter cattle to flow into Canada. An early price estimate has been made by the "Iowa Farm Outlook" for 1976. The price ranges from the high $30 level to the mid-$40 level. "At this time, says Mr. Dawson, "it seems a reason- able estimate, since feed grain prices are unlikely to come down enough to cause any sudden change in the placement of lighter cattle on feed. Also, the U. S. and Canadian calf crops are up enough this year 10 ensure a plentiful supply of cattle next ; Feeder Cattle In view of barley prices having stayed above the $2 a bushel level, the demand for feeder cattle will be limited again this fall. Mr. Dawson expects prices for short-keep feeders (750 pounds and over) to stay about $3 below fed beef prices or around $38 to
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Keywords: ., bookcentury1900, bookleafnumber7, booksubjectagriculture, septdec
