Last week the Canfax fed steer and heifer price closed around $162.50/cwt, steady with bids and sales during the previous week. Alberta fed prices have averaged in the low $160’s/cwt for the past seven weeks. Dressed sales were reported from $272.00-273.50/cwt FOB lot. Cattle that traded last week were being scheduled for the week of April 25th and May 2nd delivery. Over the past four weeks, western Canadian fed slaughter averaged 43,761 head/week compared to 41,003 head/week last year.
The Canfax average feeder steer and heifer price closed the week $2.00-2.50/cwt higher. Heifers weighing from 6-800 lb traded $1-2/cwt higher. Trading $1/cwt stronger, 7-800 lb steers established new annual price highs last week. Alberta feeders weighing over 900 lb are $8-10/cwt higher than last year. The western Canadian calf index closed the week at $224.37/cwt. Alberta weekly auction volumes totaled just over 25,000 head last week, 6,000 head more than last year. Canadian feeder cattle exports to the U.S. for the week ending March 19th totaled 7,645 head.
Alberta D2 cows traded $0.75/cwt higher last week and live trade was reported from $88-107/cwt, D3 cows averaged $86/cwt. Butcher bulls traded $3.25/cwt higher to average $121/cwt and live trade was reported from $100-140/cwt. Butcher bull prices are at the highest point since July 2017. Canadian butcher bull exports to the US for the week ending March 19th totaled 585 head, steady with the same week 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.
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