Current Markets & Forecasts

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,…

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…

Market fundamentals continue to point to a bullish outlook for the Canadian beef industry in 2025, though significant volatility has already been noted. Feeder cattle contracts responded negatively to the imposition of tariffs on April 2, with the April contract declining 1,100 points by April 7. Stock and futures markets remained on the defensive as…

Alberta fed prices begin to level off while Eastern fed prices continue to advance higher. Over the past couple weeks Western Canadian fed prices have been averaging on either side of $300.00/cwt. From a basis perspective, the market has been a little disappointing with Alberta fed prices at a $30.00/cwt discount against the Nebraska market….

The Canfax average fed steer and heifer price closed around $300.50/cwt live, $2/cwt higher than previous week. Fed cattle prices have traded steady to higher for the past thirteen weeks. Light trade was reported last week with dressed sales reported from $496.00-502.00/cwt FOB the feedlot. Buying interest was noted from all Western Canadian packers. Cattle…

Alberta fed prices continues to march higher settings new highs. For the past couple of years, the markets have followed a very similar trend as prices have strengthened throughout spring. Dressed sales were reported at mostly $502/cwt delivered. Buying interest was noted from all Western Canadian packers. For the week ending May 24th, Western Canadian…

The Canfax average fed steer and heifer price closed around $298/cwt live, $1.50/cwt higher than previous week. Fed cattle prices are $38-39/cwt higher than a year ago. Light trade was reported last week with dressed sales reported from $494.00-498.50/cwt FOB the feedlot. Buying interest was noted from all Western Canadian packers. Cattle that traded were…