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June 10, 2024 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of June 10, 2024

In Alberta last week, weighted average fed steer and heifer prices closed the week around $264.50/cwt live, $3/cwt higher than the previous week. This is the third consecutive week that fed steer prices have averaged over $260/cwt. Dressed sales were reported from $426.50-438.50/cwt FOB the feedlot. Most of the cattle that traded would be picked…

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June 3, 2024 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of June 3, 2024

Last week, Alberta fed market saw strong competition among packers, although U.S. packer interest remains light. Steers and heifers traded at $262/cwt and $260 respectively, $2/cwt higher than the previous week. Dressed sales were reported at $438 to $440/cwt delivered, steady to $6/cwt stronger than last week. All cattle that traded are scheduled for delivery…

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May 27, 2024 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of May 27, 2024

In Alberta last week, weighted average fed steer and heifer prices closed the week around $259/cwt live, fully steady with the previous week. Fed cattle prices did establish new record highs last week. Competition on the cash market was good with all three Western Canadian packers buying cattle. Dressed sales were reported from $430.00-436.50/cwt FOB…

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May 21, 2024 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of May 20, 2024

Last week, Alberta fed market traded actively. There was good competition among packers, despite lack of interest from U.S. packers. Both steers and heifers this week traded slightly stronger in the high $250s to 260/cwt after trading sideway for the past three weeks. Dressed sales were reported at $430-437/cwt, with most sales in $430-432/cwt. Cattle…

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May 13, 2024 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of May 13, 2024

In Alberta last week, weighted average fed steer and heifer prices closed the week around $257/cwt live, fully steady with the previous week. Fed calves accounted for roughly 75 per cent of last week’s cash offering while the balance was yearlings. Competition on the Western Canadian market was good with all three Western Canadian packers…

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May 6, 2024 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of May 6, 2024

In Alberta last week, fed steers and heifers both traded steady at the mid to high $250s/cwt. There was good competition among packers throughout the week. Dressed sales remain steady at $430-432/cwt delivered; with cattle traded being scheduled for pick up in one to two weeks. Alberta cash-to-futures basis is $9/cwt stronger than last week…

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April 29, 2024 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of April 29, 2024

In Alberta last week, weighted average fed steer and heifer prices closed the week around $257/cwt live, $1.50/cwt higher than the previous week. Since the beginning of the year, fed cattle prices have rallied 15 per cent. Competition on the Western Canadian market was good with all three Western Canadian packers procuring cattle. Cattle that…

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April 22, 2024 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of April 22, 2024

In Alberta last week, fed steers and heifers set new record highs at $256.40/cwt and $254.40/cwt respectively. Fed steer and heifer prices have rallied $32 – 38/cwt since the beginning of the year compared to a rally of $37 – 40/cwt for the same period last year. Dressed sales last week were $425-432/cwt delivered with…

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April 15, 2024 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of April 15, 2024

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…

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April 11, 2024 Current Markets & Forecasts

Moderate sales, improved margins for food and beverage manufacturers in 2024

Canada’s food and beverage manufacturers face a mix of obstacles and optimism for profit margin improvements in the year ahead, according to the latest FCC Food and Beverage Report. After hitting a record $165 billion in food and beverage manufacturing sales last year, 2024 is expected to see sales moderate in sync with slowing inflation and…

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April 9, 2024 Current Markets & Forecasts

2024 Alltech Agri-Food Outlook shares global feed production survey data

Global animal feed production remained steady in 2023 at 1.29 billion metric tons (BMT), a slight decrease of 2.6 million metric tons (MMT) — or 0.2 per cent — from 2022’s estimates, according to the 2024 Agri-Food Outlook, released by Alltech. The annual survey, now in its 13th year, includes data from 142 countries and more…

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April 8, 2024 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of April 8, 2024

In 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,…

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Cattle Report

Updated: 12/06/2024

Steers

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Heifers

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Choice Steers

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Choice Heifers

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Boner Cows

Over 500 lbs: 264.41

Canadian Dollar

$73.09   0.37

Livestock Price Insurance Index

Expiry Fed Feeder Calf
2-Sep-24 234 326 --
30-Sep-24 232 328 376
28-Oct-24 230 328 372
25-Nov-24 228 324 370
23-Dec-24 232 318 368
20-Jan-25 234 320 --
17-Feb-25 236 324 382
Last Updated on June 7, 2024

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