Canfax fed cattle prices closed last week around $155/cwt, $2.50/cwt higher than the previous week, the highest prices since late March 2020. Most of the cattle that were marketed were yearlings, but a few fed calves were in the mix. Last week dressed sales were reported from $257.00-260.50/cwt FOB the lot. Alberta fed cash to futures basis strengthened going from +$0.18 to +$6.37/cwt. Competition on the cash market was supported by three Western Canadian packers buying cattle last week.
Last week the Canfax average feeder steer price closed the week $0.50/cwt higher while heifer prices were steady. Both 650 lb steer and heifer prices established new annual highs. Feeders weighing over 900 lbs traded steady to $3/cwt lower. Western Canadian calf and feeder indices closed the week at $226.43/cwt and $193.09/cwt respectively. Alberta weekly auction volumes totaled just over 25,000 head. Canadian feeder cattle exports to the US for the week ending April 10th totaled 2,191 head.
Last week Alberta D2 cow prices traded $1.50/cwt higher and live trade reported from $85-103/cwt. D3 cows averaged $82.50/cwt. Butcher bulls traded $3.25/cwt higher to average $114.50/cwt and live trade was reported from $100-133/cwt. Canadian butcher bull exports to the US for the week ending April 10th totaled 677 head.
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.
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