Current Markets & Forecasts

Last week, Canfax fed steer and heifer price closed around $174/cwt, steady with the previous week. Prices are $19/cwt higher than last year and $30/cwt higher than the five-year average. Last week dressed sales were reported from $288.50-290.50/cwt FOB the lot. Pick up times were all over the map, largely dependent on who bought the…

The Alberta fed cattle market tone was softer with lackluster trade interest reported during the four days prior to the July 1st holiday. Most trade was reported steady, with the lower end of the week prior at $292/cwt delivered. One packer was offering a +$2/cwt premium for 70% AAA grades. Weighted average steer price eased…

Alberta fed cattle prices set a new annual high last week, seeing the strongest weighted average prices since May 2017. Steer trade volumes were moderate, but heifer volumes were too slight to fully establish a weekly price trend. Most trade was reported steady to $4/cwt higher than the previous week dressed in a tight $292-294/cwt…

Last week’s large speculative cash offering saw lackluster buying interest, and procurement volumes were limited. The bulk of dressed sales were reported steady to $2/cwt lower than the previous week at $288-289/cwt delivered. Weighted average prices were generally $1/cwt lower than the previous week. June kill schedules have been booked up and deliveries are now…

Last week, Canfax fed steer and heifer price closed around $172/cwt, $1/cwt lower than the previous week. This is the first time in nine weeks that fed prices have been lower. Alberta fed prices are trading at a discount to both the Ontario and US markets. Last week, dressed sales were reported from $286.50-288.50/cwt FOB…

The majority of trade last week was reported dressed from $288-293/cwt delivered and comparable live trade was reported at $172.50/cwt. Steer prices firming over $1/cwt higher to average $173.42/cwt. Western Canadian fed slaughter for the week ending May 14th was 7% larger than the previous week, totaling 45,376 head. YTD Western fed slaughter volume was…

Last week, Canfax fed steer and heifer price closed around $171.75/cwt, $2/cwt higher than the previous week. The last time fed prices averaged over $170/cwt was back in June 2017. Last week dressed sales were reported from $285.00-288.50/cwt FOB the lot. Cattle that traded last week were being scheduled for the first half of June…

Ample fed supplies have continued to move through the system with strong slaughter levels in the first quarter. Strong domestic and international demand has kept fed prices above last year’s levels and the five-year average. Although cash fed prices have not been high enough for feedlots to be profitable, fed prices are in-line with 2017…

Good demand was observed on last week’s large cash offering and prices trended fully steady with the previous week. Most sales were reported in a tight $284-286/cwt delivered trade range. Weighted average steers were the strongest weekly average reported since June 2017. Most cattle priced last week were scheduled for the first week of June…

Last week, Canfax fed steer and heifer prices closed around $169.25/cwt, $2/cwt higher than the previous week. Fed prices are $11/cwt higher than last year and $15/cwt higher than the five-year average. Competition on the cash market was mixed, with one packer buying most of the cattle. Dressed sales were reported from $280.50-282.50/cwt FOB the…