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January 31, 2022

Canfax Weekly Article | Report for the week of January 31, 2022

Over the previous two weeks, Western Canadian fed cattle prices have averaged in the low $160s/cwt while Ontario prices have averaged in the low to mid $170s/cwt. Last week Alberta fed prices were at an estimated $12.50/cwt discount to the U.S. market. Eastern Canadian prices did move to a slight discount to the Nebraska market, but prior to that, Ontario prices were the highest in North America. In western Canada dressed sales were reported from $265-276/cwt delivered. Cattle that traded were being scheduled for the week of February 21st and 28th delivery. One packer was limiting the amount of cattle they were buying from each producer.

The feeder market tone was generally softer last week. Calves over 600 lb were $1.00-2.75/cwt lower than the previous week with feed grain supply issues and negative feeding margins softening demand. Large feeders over 800 lb saw prices continue to seasonally soften again this week and prices will likely continue to ease lower through February. Auction volumes totaled 36,555 head and were 52% larger than the same week last year and YTD auction volumes were 10% larger than year ago.

Non-fed prices firmed higher last week as larger slaughter volumes continue to work through first quarter market supplies. Selective buying continued with premiums for heiferettes/young feeder cows and speculative cows in calf. D2 slaughter cow prices firmed $1.75/cwt higher at auction and D3 prices surged almost $3.50/cwt higher. Butcher bull prices traded fully steady this week averaging $101.62/cwt and should see improved grind demand and stronger prices heading toward summer.


  • North American cattle slaughter is returning to normal.
  • Pork cutout values have strengthened and beef should trend more competitive.
  • Canadian dollar was trading on the defensive after Bank of Canada did not raise interest rates.


  • Wholesale buyers have slowed procurement and are looking for a lower beef price point.
  • Early feeder placements have taken seasonal leverage out of the spring fed market.
  • The fed grain supply chain remains sluggish.

For over 50 years, Canfax has provided expert analysis of markets and trends in the ever changing North American beef industry. In this new millennium, cattlemen, feedlot managers, and agri-business professionals will continue to rely on up-to-the-minute information as an essential tool for maximizing profit in today’s beef sector. Whether your operation needs to plan for three hours or three years into the future, Canfax delivers timely, accurate information for 21st Century cattle industry professionals.

Those interested in becoming Canfax members can sign up on the website at www.canfax.ca

Disclaimer: Not for further distribution without permission from Canfax

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Choice Steers

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Boner Cows

Over 500 lbs: US$ 145.50

Canadian Dollar

$73.78   0.34

Livestock Price Insurance Index

Expiry Fed Feeder Calf
20-Feb 192 226 -
20-Mar 194 228 -
17-Apr 200 230 -
15-May 202 238 -
12-Jun 206 248 -
10-Jul 202 - -
7-Aug 202 246 -
Last Updated on November 24, 2022