Current Markets & Forecasts

In Alberta last week, weighted average fed steer and heifer prices closed the week around $252/cwt live, $4.75/cwt higher than the previous week. Since the end of October, fed prices have rallied $14/cwt. Light trade was reported last week with dressed sales reported from $415.00-416.00/cwt FOB the feedlot. U.S. packer interest was supportive and light…

In Alberta, fed cattle trade last week averaged around $247/cwt, $1/cwt softer than the previous week. From their lows in late October, fed prices have rallied 3 per cent. Dressed sales were mostly at $415/cwt delivered. Cattle that traded were scheduled for the second half of December delivery. No negotiated cash sales to the U.S….

In Alberta last week, weighted average fed steer and heifer prices closed the week around $244.50/cwt live, $3.50/cwt higher than the previous week. Light trade was reported last week with dressed sales reported from $402.00-403.50/cwt FOB feedlot. U.S. packer interest was noted, and light volumes of Western Canadian fed cattle were marketed South. Sales to…

Averaging on either side of $240/cwt Western Canadian fed prices rebounded $1/cwt. Fed cattle prices last week were $11/cwt higher than last year. Sale volumes were light last week and dressed sales were reported at $405/cwt delivered. Cattle that traded were being scheduled for late-November/early-December delivery. US packer interest was noted, and light volumes were…

In Alberta last week, weighted average fed steer and heifer prices closed the week around $239.50/cwt live, $0.50/cwt lower than the previous week. Light trade was reported last week with dressed sales reported from $400.50-404.50/cwt FOB feedlot. Cattle that traded were scheduled for delivery anywhere from mid-November to mid-December delivery. U.S. packer interest was noted…

Alberta fed prices continue to hover around $240/cwt, while U.S. fed prices are within a couple dollars of their record highs set back in June. In Western Canada, feedlot margins have recently turn negative and breakeven are projected to be higher going forward. Dressed sales is reported at $403-408/cwt delivered. All three Western Canadian packers…

Packers have the leverage over the cattle feeder reflected in lower prices and weaker basis levels. In Alberta last week, weighted average fed steer and heifer prices closed the week around $240/cwt live, $0.50/cwt lower than the previous week. Fed cattle prices did establish new second half lows. Light trade was reported this week with…

The World Agricultural Supply and Demand Estimates (WASDE) report, a monthly report published by the United States Department of Agriculture (USDA), has released the latest forecasts for 2024 and 2025. The October report is promising, with beef production expected to rise due to increased slaughter rates and heavier weights. Below, you’ll find some of the…

Alberta dressed sales last week were reported from $405-408/cwt delivered, cattle that traded were being booked anywhere from the second half of October to mid-November delivery. On a live basis, steers and heifers traded within $1/cwt of steady money. The weekly weighted average for Alberta steers was $242/cwt with heifers at $240/cwt, packer competition was…

This article was first published in Volume 4 Issue 3 of ABP Magazine (September 2024). Watch for more digital content from the magazine on ABP Daily. Forward delivery feeder sales provide an indication of where prices may be heading this fall. It is also an opportunity to manage risk. Buyers who expect the market to turn higher during the…