Current Markets & Forecasts

Last week, the Canfax average fed steer and heifer price closed around $310/cwt live, $3/cwt higher than the previous week. Buying interest was noted from all Western Canadian packers. Light trade was reported with dressed sales ranging from $515.25–523.00/cwt FOB the feedlot. Cattle that traded were being scheduled anywhere from immediate to mid March delivery. U.S. packer…

Last week, the Canfax average fed steer and heifer price closed around $304/cwt live, $2/cwt higher than the previous week. Over the past two months, fed prices have rallied $20/cwt. Light trade was reported with dressed sales ranging from $505.25–506.50/cwt FOB the feedlot. Cattle that traded were being scheduled anywhere from immediate to late February…

From a supply perspective, fed calf supplies are declining while yearling volumes are increasing. As more summer-placed yearlings enter the slaughter mix, carcass weights have started to seasonally decline. Last week, the Canfax average fed steer and heifer price closed around $301.50/cwt live, $4/cwt higher than the previous week. Since late November, fed prices have…

The Western Canadian fed market was a little disappointing given dressed sales in Eastern Canada were $10–20/cwt stronger last week. Last week, the Canfax average fed steer and heifer price closed around $294/cwt live, fully steady with the previous week. Light trade was reported with dressed sales ranging from $492.00–493.50/cwt FOB the feedlot. Competition on…

Last week, the Canfax average fed steer and heifer price closed around $290/cwt live, $6/cwt higher than the previous week. Light trade was reported with dressed sales from $482.75–487.00/cwt FOB the feedlot. Competition on the cash market was limited with one packer not overly active. Cattle that traded were scheduled for late December and into…

Alberta fed steers and heifers closed the week trading at $286 and $283/cwt respectively, down $9/cwt from the previous week. The live cattle futures complex traded limit down on Monday, November 24 before rebounding mid-week. The U.S. Thanksgiving holiday contributed to softer beef demand. Dressed sales were reported at $475–485/cwt delivered, $10–15/cwt lower than the…

Last week, the Canfax average fed steer and heifer prices rebounded less than $1.00/cwt, with steers averaging $296.00/cwt and heifers near $294.00/cwt. Dressed sales were reported from $493.00–$495.00/cwt delivered, steady with the previous week. Cattle that traded were scheduled for delivery throughout December. U.S. packer interest was noted, and light volumes of Western Canadian cattle…