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NCBA, R-CALF, COOL, USDA (No Politics!)
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<blockquote data-quote="Oldtimer" data-source="post: 89824" data-attributes="member: 97"><p>Many factors in play- but the biggest is the closed Canadian border where the packers can't bring into play their owned or controlled cattle from Canada to manipulate the prices with.....I'm sure a majority of the price we're getting on our culls is because of the closed border.... Took the border closure to prove the huge effect of the packer and corporate owned cattle in Canada and how they can use live cattle to control the market...</p><p></p><p></p><p>Appears as tho Canada can't sell their beef without riding on the US producers shirtails and passing it off as a US product.... From the below article it appears the Packers must be slaughtering cattle they own or control in their feedlots first again.... </p><p>--------------------------------------------------------------------------------</p><p>Lackluster cattle prices </p><p>by Kevin Hursh </p><p> </p><p>A major price spread has again developed between Canadian and American prices for fed cattle. </p><p> </p><p>Sandy Russell, a beef economist with Saskatchewan Agriculture and Food says the spread is currently as high as $34 per cwt. That works out to about $450 on a typical fed steer. </p><p> </p><p>Back in mid-February when an early March opening of the border to live Canadian cattle was expected, the spread was as narrow as $15 per cwt. </p><p> </p><p>Russell says most Canadian feedlots are losing money at current fed cattle prices, having bought calves under the assumption of a better market than currently exists. </p><p> </p><p>As for feeder cattle, the price of 500 to 600 pound steer calves in Saskatchewan has been averaging about $1.15 a pound, as compared to $1.21 at the same time last year. </p><p> </p><p>Some of the calves coming to market are enrolled in the government set-aside program and cannot be slaughtered until either October of 2005 or January of 2006. Russell says set-aside calves are being discounted in the marketplace with the amount varying widely from one week to another and one auction market to another.</p></blockquote><p></p>
[QUOTE="Oldtimer, post: 89824, member: 97"] Many factors in play- but the biggest is the closed Canadian border where the packers can't bring into play their owned or controlled cattle from Canada to manipulate the prices with.....I'm sure a majority of the price we're getting on our culls is because of the closed border.... Took the border closure to prove the huge effect of the packer and corporate owned cattle in Canada and how they can use live cattle to control the market... Appears as tho Canada can't sell their beef without riding on the US producers shirtails and passing it off as a US product.... From the below article it appears the Packers must be slaughtering cattle they own or control in their feedlots first again.... -------------------------------------------------------------------------------- Lackluster cattle prices by Kevin Hursh A major price spread has again developed between Canadian and American prices for fed cattle. Sandy Russell, a beef economist with Saskatchewan Agriculture and Food says the spread is currently as high as $34 per cwt. That works out to about $450 on a typical fed steer. Back in mid-February when an early March opening of the border to live Canadian cattle was expected, the spread was as narrow as $15 per cwt. Russell says most Canadian feedlots are losing money at current fed cattle prices, having bought calves under the assumption of a better market than currently exists. As for feeder cattle, the price of 500 to 600 pound steer calves in Saskatchewan has been averaging about $1.15 a pound, as compared to $1.21 at the same time last year. Some of the calves coming to market are enrolled in the government set-aside program and cannot be slaughtered until either October of 2005 or January of 2006. Russell says set-aside calves are being discounted in the marketplace with the amount varying widely from one week to another and one auction market to another. [/QUOTE]
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