Canfax fed steer and heifer prices closed the week around $153.25/cwt, $2.50/cwt higher than the previous week. Last week dressed sales were reported from $252.50-259.50 FOB lot. Cattle that traded last week were being booked anywhere from immediate to early October delivery. Alberta cash to futures basis weakened going from -$2.68 to -$4.25 last week.
Last week the Canfax average feeder steer and heifer prices closed the week fully steady. Alberta 5-600 lb steer prices have traded sideways for the past four weeks averaging in the low $220s/cwt. Heifers weighing over 900 lb traded $1/cwt higher and established new annual price highs. Alberta weekly auction volumes totaled just over 41,000 head. Canadian feeder cattle exports to the U.S. for the week ending August 7th totaled 5,006 head, the largest weekly export volume since April 2020.
Last week Alberta D2 cow prices traded $3.50/cwt lower and live trade was reported from $70-84/cwt. D3 cows averaged $68.25/cwt. Butcher bulls traded $1/cwt higher to average $107.25/cwt and live trade was reported from $95-125/cwt. Canadian butcher bull exports to the US for the week ending August 7th totaled 976 head.
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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