AB Direct - Steers

Live: ---
Rail: 320.00-321.00 del

AB Direct - Heifers

Live: ---
Rail: 320.00-321.00 del

US Trade- Steers

Live: ---
Rail: 248.00*few (NE)

US Trade - Heifers

Live: ---
Rail: 248.00*few (NE)

Canadian Dollar

$74.80
0.26
April 26, 2021 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of April 26, 2021

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.

Bull.

  • Last week Alberta fed prices moved back to a premium against the US market
  • US 90% and 50% trim prices continue to strengthen
  • Total US beef and pork in cold storage at the end of March is below last year

Bear.

  • April 1st cattle on feed inventories in Colorado and Nebraska are 10% and 8% larger respectively versus last year
  • US fed cattle slaughter has been below last year in four out of the past five weeks
  • According to USDA, US packers have more May contract cattle compared to last year 

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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Steers

Live: ---
Rail: 320.00-321.00 del

Heifers

Live: ---
Rail: 320.00-321.00 del

Choice Steers

Live: ---
Rail: 248.00*few (NE)

Choice Heifers

Live: ---
Rail: 248.00*few (NE)

Boner Cows

Over 500 lbs: US$ 160.38

Canadian Dollar

$74.80   0.26

Livestock Price Insurance Index

Expiry Fed Feeder Calf
17-Apr-23 202 234 -
15-May-23 204 242 -
12-Jun-23 208 256 -
10-Jul-23 204 - -
7-Aug-23 202 256 -
4-Sep-23 202 260 -
2-Oct-23 202 266 -
Last Updated on January 19, 2023