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Canada has Largest First Quarter Cattle Slaughter in 15 Years - Canadian packing plants have been doing an impressive job of working through fed cattle supplies so far this year. Weekly cattle slaughter has been above a year ago in 11 out of 14 weeks to start this year and fed slaughter has been above a year ago in 12 of those weeks as packing plants continue to focus on processing fed cattle. Year to date slaughter is three percent above last year ...
AB/SK Cattle on Feed - Canfax released its April 1st cattle on feed report this afternoon, marking the sixth consecutive month that cattle on feed inventories have been below last year. It should be noted there was one additional weekday this year versus last year. From the cattle feeders' perspective this month's report is more negative than positive as larger placement volumes pose some additional price and basis risk for the fed market heading into late summer/early fall ...