Current Markets & Forecasts

The summer fed market has been rather impressive as fed prices established new highs. Only once in the past 50 years have fed prices ever established annual highs in August, and that was in 2008. Last week, the Canfax average fed steer and heifer price closed around $301/cwt live, $1.50/cwt higher than the previous week….

Alberta fed prices continue to strengthen, which is uncommon for the summer months. Despite historically strong prices, Alberta fed prices were at a sizeable discount to both the U.S. and Ontario markets. Alberta fed prices were trading at around $35.00-$38.00/cwt discount against the Nebraska market, the weakest basis since 2005. Dressed sales were reported from…

The United States Department of Agriculture (USDA)’s National Agricultural Statistics Service (NASS) released its latest cattle on feed report, revealing a slight decline in feedlot inventory. As of July 1, cattle and calves being raised for slaughter in feedlots with a capacity of 1,000 head or more totaled 11.1 million — down 2 per cent…

Alberta fed prices averaged in the high 290s/cwt, despite season pressure, prices have increased over the past couple weeks. Dressed bids and sales were reported from $495.00-$503.00/cwt delivered (mostly $500.00/cwt delivered). Competition on the cash market was mixed, and U.S. interest was quiet. Cattle that traded were scheduled for delivery from mid-August to early September….

The Canfax average fed steer and heifer price closed around $297.50/cwt live, $1.50/cwt higher than previous week. Fed prices are around $40/cwt higher than last year. Light trade was reported last week with dressed sales reported from $493.50498.50/cwt FOB the feedlot. Competition on the cash market was mixed last week. Cattle that traded were scheduled…

Alberta fed prices averaged in the mid $290s/cwt, despite the slight pullback, fed prices are within $5.00/cwt of their highs set back in June. Dressed sales were reported from $495-$500/cwt delivered. Buying interest was noted from all Western Canadian packers. Cattle that traded were scheduled for delivery throughout August. Over the past couple of weeks,…

The Canfax average fed steer and heifer price closed around $296.75/cwt live, $1/cwt lower than previous week. Fed prices have declined for three consecutive weeks. Light trade was reported last week with dressed sales reported from $494.50-498.50/cwt FOB the feedlot. Buying interest was noted from all Western Canadian packers. Cattle that traded were being scheduled…

Alberta fed prices have a modest pullback over the past couple of weeks, but prices continue to remain historically strong, and basis levels have also strengthened. Fed prices closed the week trading in the high $290s/cwt. Dressed sales were reported from $498.00-$503.00/cwt delivered. Buying interest was noted from all Western Canadian packers. U.S. interest was…

The National Agriculture Statistics Service (NASS), Agricultural Statistics Board, and United States Department of Agriculture (USDA) has released its latest report indicating a slight decline in the number of cattle on feed in the United States. As of June 1, 2025, the total number of cattle and calves on feed for the slaughter market in…

The Canfax average fed steer and heifer price closed around $298.50/cwt live, $1.50/cwt lower than previous week. Light trade was reported last week with dressed sales reported from $497.00-502.50/cwt FOB the feedlot. Buying interest was noted from all Western Canadian packers. A few cattle were booked for immediate delivery but in general, lift times are…