In Alberta last week, weighted average fed steer and heifer prices closed the week around $249.25/cwt live, $6/cwt higher than the previous week. Fed cattle prices established new record highs. Competition on the Western Canadian market was good with packers actively making inquiries for cattle. Last week, a stronger price tone was noted from Wednesday…
Read MoreIn Alberta last week, fed steer and heifer prices closed at $242-244/cwt live, up $5-6 from the previous week. Dressed sales were reported from $400-415/cwt delivered. This brought fed prices back to the historical high observed in June 2023. There was good packer interest and cattle traded are expected to be delivered within one-to-two weeks,…
Read MoreIn Alberta last week, weighted average fed steer and heifer prices closed the week around $237.50/cwt live, $4.25/cwt higher than the previous week. Fed cattle prices are at the highest point since July, and are currently $10/cwt shy of their record highs set back in June 2023. Last week, dressed sales were reported from $397.00-398.50/cwt…
Read MoreAlberta fed price last week had light trade; steers were down $1/cwt and heifers up $4.75/cwt. Cash sales to the U.S. were in the upper $230’s/cwt FOD the feedlot, steady with last week and premium over local deals. The cash basis at -$25/cwt is the weakest since last February, and continues to encourage exports south….
Read MoreIn Alberta last week, weighted average fed steer and heifer price closed the week on either side of $230/cwt live, steer prices were stronger than the previous week, while heifer prices were lower. Last week, dressed sales were reported from $378.50-388.50/cwt FOD the feedlot. Lift times were all over the map, depending on which packer…
Read MoreAlberta fed price last week had a strong performance, up $2-10/cwt on the rail. But the cash-to-futures basis remains $8/cwt weaker than the five-year average. Western Canadian steer carcass weight were 60 pounds heavier than the five-year average. Canadian fed cattle and cow exports to the U.S. have been running above year-ago level since the…
Read MoreIn Alberta last week, the weighted average fed steer and heifer price was around $233.50/cwt live, over $10/cwt higher than the previous week. Alberta fed prices are at the highest point since October 2023. Last week, dressed sales were reported from $368.50-$376.50/cwt FOB the feedlot. Cattle that traded were being scheduled for early April delivery….
Read MoreThere wasn’t enough trade for Alberta fed cattle last week to establish a price, but rail sales were stronger than previous week, and heifer prices softened. Canadian fed cattle and cow exports to the US for week ending February 10th were 21 per cent higher compared to last year and are up 2 per cent…
Read MoreIn Alberta last week, the weighted average fed steer and heifer price was around $219/cwt live, $0.50/cwt higher than the previous week. Dressed sales were reported from $360.50-368.50/cwt FOB the feedlot. Cattle that traded were being scheduled anywhere from mid-March to mid-April delivery. U.S. packer interest was noted from two U.S. Pacific Northwest slaughter plants….
Read MoreFed cattle were under pressure to end 2023 in both Alberta and Ontario. The nearby Live Cattle futures moved around USD $20/cwt lower over a period of five weeks in November and December, hitting a low near USD $163/cwt in the first week of December, and turned feedlot margins negative in the process. Feedlot managers…
Read MoreThe western Canadian fed market had another disappointing week, and continues to underperform relative to the U.S. and Ontario markets. Dressed sales are reported slightly higher compared to last week. Small volumes of western Canadian fed cattle were marketed into the U.S. The Alberta fed cash-to-futures basis is the weakest for early February in over…
Read MoreSale volumes were too light to establish a weighted average fed price. It was a disappointing week as both Ontario and U.S. fed prices were stronger than the western Canadian fed market. Dressed bids/sales were reported steady with two weeks ago. Most of the cattle on offer were passed with some cattle being reallocated to…
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