In the U.S., slaughter was down this week too, bumping the cutout price a little in the post-Memorial Day shortened week...there are a few factors at play, including a weaker Canadian dollar, and a strong basis for fed cattle in Alberta...
The most recent Statistics Canada numbers are in for cattle exports and for retail protein prices... fed cattle was up 51 per cent in the month, for a 30 per cent uptick for the year so far over last year's numbers.
Retail beef prices were also up 11 per cent in April, year over year, versus pork prices being largely unchanged, and chicken prices actually down 4 per cent.
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