AB Direct - Steers

Live: ---
Rail: 304.00-305.00 del (bids/sales)

AB Direct - Heifers

Live: ---
Rail: 304.00-305.00 del (bids/sales)

US Trade- Steers

Live: 155.00 (TX, KN) 157.00 (NE)
Rail: 245.00-249.00 (NE, IA)

US Trade - Heifers

Live: 155.00 (TX, KN) 157.00 (NE)
Rail: 245.00-249.00 (NE, IA)

Canadian Dollar

$74.21
0.26
April 12, 2022

Canfax Weekly Article | Report for the week of April 11, 2022

Light to moderate volume trade was reported steady with the previous week at $275/cwt delivered and thin comparable live trade developed at $161.50/cwt. Kill dates were spread across the first three weeks of May. Western Canadian fed slaughter for the week ending April 2 surged 11% larger than the previous week to 47,194 head, and year-to-date (YTD) volume was 6% larger at 551,770 head. Canadian fed cattle/cow exports to the U.S. for the week ending March 26th were generally steady with the previous week at 11,607 head. YTD export volume increased 8% to 128,993 head.

Alberta feeder prices were $1/cwt softer last week on volumes 17% larger than the same week last year. The greatest pressure was on 5-600 weights down $3.25-3.50/cwt from the previous week. Steers remain $1/cwt higher than last year, and heifers are $2.25/cwt softer than last year. While heavier 6-900 lb heifer prices remain $1-5/cwt above last year’s levels, lighter weight 3-600 lb heifers are tracking below year ago. Heavy steers 5-900 lb are $1-9/cwt above last year, while the lighter 3-500 lb categories are only $2-6/cwt below last year. Auction market volumes at 19,768 head were down 33% from last week, but up 17% from last year. YTD auction volumes are up 3% from last year.

D2 slaughter cows traded 82 cents stronger last week at $97/cwt, to be $9/cwt higher than last year. D3 cows were 70 cents softer at $86/cwt, but remain $6.63/cwt higher than last year. Over the last four weeks, fed cattle/cow export volumes have been 18-31% above year ago levels. Butcher bull prices were basically steady at $121/cwt. Exports of slaughter bulls from the west jumped to 1,105 head for week ending March 26th from 480 head the prior week. YTD slaughter bull exports are down 2% from last year.

Bull.

  • Feed grain supplies have returned to normal following the CP Rail strike.
  • Canadian fed slaughter was the second largest seen for 2022 at 59,064 head.
  • Spring beef buying will intensify moving forward.

Bear.

  • Fed cattle prices historically trend slightly softer from March to April.
  • Captive market ready supplies are ample.
  • Steer carcass weights are trending larger than year ago.

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

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Cattle Report

Updated: 02/12/2022

Steers

Live: ---
Rail: 304.00-305.00 del (bids/sales)

Heifers

Live: ---
Rail: 304.00-305.00 del (bids/sales)

Choice Steers

Live: 155.00 (TX, KN) 157.00 (NE)
Rail: 245.00-249.00 (NE, IA)

Choice Heifers

Live: 155.00 (TX, KN) 157.00 (NE)
Rail: 245.00-249.00 (NE, IA)

Boner Cows

Over 500 lbs: US$ 144.64

Canadian Dollar

$74.21   0.26

Livestock Price Insurance Index

Expiry Fed Feeder Calf
27-Feb-23 192 226 -
27-Mar-23 196 228 -
24-Apr-23 202 232 -
22-May-23 204 240 -
19-Jun-23 208 250 -
17-Jul-23 204 - -
14-Aug-23 202 246 -
Last Updated on December 1, 2022