Here is an excerpt from the Canadian Cattlemen’s online editorial on Oct. 11th by Jerry Klassen who is a commodity market analyst in Winnipeg. I highlighted the Silver steer section which is $1,130/head. Anyone still concerned that the silver steers won’t sell?
The weaker Canadian dollar, along with stronger beef prices and lower market-ready supplies, caused fed cattle to jump $4 per hundredweight (cwt) last week.
Alberta packers paid up to $111/cwt in a struggle to fill nearby demand. Feeder cattle prices followed suit, edging up $2-$3/cwt on average, with lighter-weight cattle up as much as $5/cwt in some instances. Charolais-cross silver age-verified steers weighing 825 pounds were quoted at $137/cwt in central Alberta. Pfizer Gold age-verified angus cross steers averaging 528 lbs. reached $161/cwt. The market is firm, with stronger demand surfacing for heavier cattle, and feedlots looking to take advantage of shortkeep replacements.