AB Direct - Steers

Live: ---
Rail: 304.00-305.00 del

AB Direct - Heifers

Live: ---
Rail: 304.00-305.00 del

US Trade- Steers

Live: 155.00 (TX, KN)
Rail: ---

US Trade - Heifers

Live: 155.00 (TX, KN)
Rail: ---

Canadian Dollar

$74.30
0.12
April 18, 2022

Canfax Weekly Article | Report for the week of April 18, 2022

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. 

Bull.

  • Canadian beef exports in February were 9% larger than last year.
  • U.S. steer by-product values are 21% higher than last year.
  • Beef featuring usually improves after Easter.

Bear.

  • Alberta/Saskatchewan April 1st cattle on feed inventories are historically large.
  • According to the latest Canfax Trends report, yearling steers and heifers placed in Sept/Oct and sold in April lost on average $407/head.
  • Western Canadian steer carcass weights for the beginning of April are record large.

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: 01/12/2022

Steers

Live: ---
Rail: 304.00-305.00 del

Heifers

Live: ---
Rail: 304.00-305.00 del

Choice Steers

Live: 155.00 (TX, KN)
Rail: ---

Choice Heifers

Live: 155.00 (TX, KN)
Rail: ---

Boner Cows

Over 500 lbs: US$ 151.28

Canadian Dollar

$74.30   0.12

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