# Spring demand, strong wholesale drives fed cattle prices - Canadian Cattlemen

> 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.

- Date: 2023-04-17 · published 2023-04-17T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/6114-spring-demand-strong-wholesale-drives-fed-cattle-prices-canadian-cattlemen
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

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.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- canadiancattlemen.ca: https://www.canadiancattlemen.ca/livestock/beef-cattle/spring-demand-strong-wholesale-drives-fed-cattle-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.