Alberta Cattle Industry Market Report
Alberta direct cattle sales Monday saw no new trade to report. This week's showlist has been compiled with volumes smaller than the previous week. Canadian fed cattle exports volumes to the US have picked up in recent weeks. Weekly export volumes totaled just over 5,700 head which is the largest volume seen since the middle of May. Big kills here locally and increased export pace has got to be viewed as bullish new for the for the Canadian feedlot sector.
US Trade
In the US, there is no new trade to report. Nationally packer interest remains light with bids yet to be established. Business is not anticipated to develop until later on this week. Asking prices are poorly defined but are anticipated to start out around 121.00-122.00 on a live basis. 4 state showlist volumes have been reported smaller with the biggest declines being noted in Nebraska.
Canadian Dollar
The nearby Canadian dollar at 8:30 this morning was trading at 76.73, down 0.51.
Source : Alberta Beef Producers