AB Direct - Steers

Live: ---
Rail: 372.00 del

AB Direct - Heifers

Live: ---
Rail: 372.00 del

US Trade- Steers

Live: ---
Rail: 288.00 *few (NE)

US Trade - Heifers

Live: ---
Rail: 288.00*few (NE)

Canadian Dollar

$74.24
0.07
August 3, 2021 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of Aug 2, 2021

Canfax fed steer and heifer prices closed the week around $150/cwt, mostly steady with the previous week. After dropping $14/cwt since June the fed market has found some stability averaging in the low $150s/cwt for the past three weeks. Last week dressed sales were reported from $248.50-251.50/cwt FOB the lot. Most of the cattle that traded were being scheduled for mid to late August/early September delivery. All three western Canadian packers bought cattle but competition on the cash market was limited.  

Last week the Canfax average feeder steer and heifer price closed the week slightly higher. Heifers weighing over 800 lbs traded $1-2/cwt higher. Light weight stocker prices have been under pressure for the last few weeks. Since the middle of June, 500-599 lb steer prices have declined $15/cwt. Alberta weekly auction volumes totaled just over 23,000 head. Canadian feeder cattle exports to the US for the week ending July 17th totaled 1,333 head.

Last week Alberta D2 cow prices traded $3.75/cwt lower and live trade was reported from $75-89/cwt. D3 cows averaged $72/cwt. Butcher bulls traded $2/cwt lower to average $111.50/cwt and live trade was reported from $100-128/cwt. Canadian butcher bull exports to the US for the week ending July 17th totaled 1,112 head, the largest weekly export volume this year.

Bull.

  • Beef cutouts did strengthen last week as retailers are covering their Labor Day beef needs
  • US 50% trim prices set new annual highs and are 132% higher than last year
  • Western Canadian slaughter plants are running at or above capacity and Saturday shifts are being utilized

Bear.

  • Alberta fed cash to futures basis levels weakened last week; for the end of July this is the weakest basis since 2015
  • Over the past six weeks Alberta D2 cow prices have dropped $20/cwt
  • Based on the five-year average, fed cattle prices usually trend lower from now until the middle of September

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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Cattle Report

Updated: 23/02/2024

Steers

Live: ---
Rail: 372.00 del

Heifers

Live: ---
Rail: 372.00 del

Choice Steers

Live: ---
Rail: 288.00 *few (NE)

Choice Heifers

Live: ---
Rail: 288.00*few (NE)

Boner Cows

Over 500 lbs: 212.04

Canadian Dollar

$74.24   0.07

Livestock Price Insurance Index

Expiry Fed Feeder Calf
13-May-2024 230 330 --
10-June-2024 238 340 --
8-July-2024 234 -- --
5-August-2024 232 340 --
2-September-2024 230 346 --
30-September-2024 230 348 388
28-October-2024 228 348 388
Last Updated on February 16, 2024

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