Last week the Canfax fed steer and heifer price closed around $164.50/cwt, $1.50/cwt higher than the previous week. New annual price highs were established last week. Dressed sales were reported from $274.00-275.50/cwt FOB lot. Cattle that traded last week were being scheduled for late May/early June delivery. Alberta fed cash to futures basis weakened going from ‑$9.25/cwt to -$11.61/cwt. For the week ending April 9th western Canadian fed slaughter totaled just over 46,000 head, 4% larger than the same week last year.
The Canfax average feeder steer price closed the week $2/cwt higher while heifers eased $0.50/cwt. Heifers weighing from 4-500 lb traded $1/cwt higher, setting new annual price highs last week. Steers weighing from 5-600 lb traded $3/cwt stronger, on a cash-to-cash basis Alberta calf prices are trading at a $7/cwt discount against the US market. Last week heifers weighing over 700 lb traded steady to $1/cwt lower. The western Canadian calf index closed the week at $225.32/cwt. Alberta weekly auction volumes totaled just over 19,000 head, steady with the previous week. Canadian feeder cattle exports to the US for the week ending April 2nd totaled 7,445 head.
Alberta D2 cows traded $2/cwt higher last week and live trade was reported from $93-106/cwt, and D3 cows averaged $90/cwt. Butcher bulls traded $1/cwt lower to average $120/cwt and live trade was reported from $105-143/cwt. Canadian butcher bull exports to the US for the week ending April 2nd totaled 657 head, the second largest weekly export volume seen this 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.
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