1/23/2024 0 Comments Goat hay feeder no waste![]() “Feeder prices are also dependent on the expected slaughter cattle price and the anticipated cost of gain. As of July 1, 2023, beef cow inventory was steady and heifer replacement dropped by 3.5% from July 1, 2022. Producers reduced their herds and subsequent production in response to the dry conditions. January to July 2023 data suggests a further decline of 4.1% over the same period in 2022. Statistics Canada reported the number of calves born in Alberta rising from 1.685 million head in 2018 to 1.77 million head in 2021 but declining to 1.76 million head in 2022. ![]() Prices of feeder cattle are typically bid up if feeding operations are profitable.” Demand falls back to economic performance in the sectors. “Generally, feeder supply is dependent on what is happening in the breeding herd and calf crop, but can also be influenced by weather, price expectations and seasonality. “What factors have contributed to this strength, and can they be sustained? Answers to this question rely on supply and demand factors,” explains Boyda. Regionally, for the first half of 2023, prices for 550-pound feeder calves were slightly higher in the south at $336.25/hundredweight (cwt) as compared to the central and north regions ($329.03/cwt and $328.20/cwt, respectively). ![]() “Although feeder calf prices were higher, variance in pricing was greater than that of the same period last year.” “A look at weekly average feeder prices for 550-pound and 850-pound feeder cattle indicates that from January to Septem(year-to-date), prices were 44% and 40% higher than the same period in 2022, respectively,” says Ann Boyda, provincial livestock market analyst with the Alberta government. See event listings and more articles in this edition of Agri-News: Septemissue ![]()
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