Current Markets & Forecasts

Alberta fed price last week had light trade; steers were down $1/cwt and heifers up $4.75/cwt. Cash sales to the U.S. were in the upper $230’s/cwt FOD the feedlot, steady with last week and premium over local deals. The cash basis at -$25/cwt is the weakest since last February, and continues to encourage exports south….

In Alberta last week, weighted average fed steer and heifer price closed the week on either side of $230/cwt live, steer prices were stronger than the previous week, while heifer prices were lower. Last week, dressed sales were reported from $378.50-388.50/cwt FOD the feedlot. Lift times were all over the map, depending on which packer…

In Alberta last week, the weighted average fed steer and heifer price was around $233.50/cwt live, over $10/cwt higher than the previous week. Alberta fed prices are at the highest point since October 2023. Last week, dressed sales were reported from $368.50-$376.50/cwt FOB the feedlot. Cattle that traded were being scheduled for early April delivery….

Statistics Canada (StatsCan) has released its latest report on Canadian livestock inventories. As of January 1, 2024, Canadian cattle, hog, and sheep inventories were down compared with the same date one year earlier. According to StatsCan, Canadian farmers held 11.1 million cattle and calves on their farms on January 1, 2024, which is down 2.1…

There wasn’t enough trade for Alberta fed cattle last week to establish a price, but rail sales were stronger than previous week, and heifer prices softened. Canadian fed cattle and cow exports to the US for week ending February 10th were 21 per cent higher compared to last year and are up 2 per cent…

In Alberta last week, the weighted average fed steer and heifer price was around $219/cwt live, $0.50/cwt higher than the previous week. Dressed sales were reported from $360.50-368.50/cwt FOB the feedlot. Cattle that traded were being scheduled anywhere from mid-March to mid-April delivery. U.S. packer interest was noted from two U.S. Pacific Northwest slaughter plants….

The western Canadian fed market had another disappointing week, and continues to underperform relative to the U.S. and Ontario markets. Dressed sales are reported slightly higher compared to last week. Small volumes of western Canadian fed cattle were marketed into the U.S. The Alberta fed cash-to-futures basis is the weakest for early February in over…

In Alberta last week, the weighted average fed steer price was $217.50/cwt live. Dressed sales were reported from $360-$365/cwt delivered. Dressed sales were not only steady with the previous week but prices have been steady for the past month. Cattle that traded were being scheduled anywhere from the second half of February to the second…

Sale volumes were too light to establish a weighted average fed price. It was a disappointing week as both Ontario and U.S. fed prices were stronger than the western Canadian fed market. Dressed bids/sales were reported steady with two weeks ago. Most of the cattle on offer were passed with some cattle being reallocated to…