Current Markets & Forecasts

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…

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…

In Alberta last week, weighted average fed steer and heifer prices closed the week around $241/cwt live, $0.50/cwt higher than the previous week. From their highs in June, fed prices have declined $23/cwt or 9%. Last week, dressed sales were reported from $402.00-403.50/cwt FOB feedlot. Cattle that traded were being booked anywhere from the second…

In Alberta last week, fed steer averaged almost 242/cwt and heifer traded just below $240/cwt. The Western Canadian fed market established a new second al of the year price lows, while US fed prices have rebounded roughly $5/cwt over the past couple weeks. On a cash basis, Alberta fed prices are now trading at a…

In Alberta last week, weighted average fed steer and heifer prices closed the week around $243/cwt live, $1/cwt higher than the previous week. US fed prices have just recently dropped below year ago levels whereas Alberta fed prices are still $10/cwt higher than a year ago. Light trade was reported last week with buying interest…

In Alberta last week, fed prices averaged in the low $240/cwt moving lower for the eighth consecutive week, this is still $8-9/cwt higher than a year ago. Light dressed sales were reported from $405-$406/cwt delivered. Cattle that traded is being scheduled for delivery from anywhere early October to early November. Alberta fed cash-to-futures basis was…