"Texas and Kansas trade hit $256, a massive $10 increase over last week. Dressed sales in the North landed around $4.00 delivered, which is a staggering $14 higher than a week ago."
"In Alberta, fat cattle prices have surged past the peaks we saw last fall, with dressed sales in the West hitting $560 to $565 delivered, up nearly $10 from last week."
"Forward pricing for fall delivery is already reflecting this; Saskatchewan calves (550 lbs) for October delivery are seeing prices around $4,000 per head."
"So far, the answer is 'not yet' regarding when the consumer will push back against rising prices, as wholesale prices are on a slower grind higher."
Cattle markets have seen significant price increases, with U.S. live cattle prices rising by $10 to $256 in Texas and Kansas. Dressed sales in the North increased by $14, reaching around $4.00 delivered. The April live cattle contract expired at an all-time high of over $258. In Canada, fat cattle prices in Alberta surpassed previous peaks, with dressed sales hitting $560 to $565. Forward pricing for Saskatchewan calves is around $4,000 per head, indicating strong demand without consumer pushback yet.
Read at Realagriculture
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