Current Markets & Forecasts

The Canfax fed steer price closed last week around $152/cwt, fully steady with the previous week. This is the first time in 36 weeks fed prices have been above last year. Last week dressed sales were reported from $252.00-255.50/cwt FOB the lot. Cattle that traded last week were being scheduled for the first half of…

Trading $0.88/cwt higher last week, weighted average steer prices set new annual highs and basis levels still remain historically strong. Competition on the cash market was supportive with both major packers getting cattle bought. Dressed sales were reported from $255-256/cwt delivered and cattle were scheduled for 2-3 week delivery. Since the beginning of the year…

The Canfax fed steer and heifer price closed last week around $150.75/cwt, fully steady with the previous week. Fed prices are $6-7/cwt lower than last year. Last week dressed sales were reported from $252.25-253.50/cwt FOB the lot. Cattle that traded last week were being scheduled for the week of February 15th and 22nd delivery.  Last…

Averaging over $151/cwt, weighted average steer prices last week were the highest since March. Western Canadian fed prices were however $12/cwt below last year and $13.50/cwt lower than the five-year average. Fed prices for the month of January are on track to average around $150/cwt, the lowest January average price since 2014. Dressed sales were…

Last year saw major cattle/beef supply chain issues which resulted in very volatile slaughter cattle markets. Although processing levels recovered and exceeded a year ago in the second half of 2020, supply chain issues in the second quarter weighed on the market throughout the rest of the year as it took months to work through…