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In the U.S. and Canada, fed cattle cash prices rebounded in April 2023 after a March dip, with Alberta fed steers averaging $217.59/cwt. Spring grilling demand, strong wholesale middle-meat prices and smaller carcass weights supported prices.
Canadian domestic slaughter in the first quarter of 2023 was 3.5% lower than a year earlier.
Lower slaughter and lighter carcass weights tighten beef supply, supporting cattle prices into the spring grilling season. Strong wholesale demand gives packers reason to pay higher prices for cattle.
canadiancattlemen.caDebbie McMillinApr 17, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
