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AB Direct - Steers

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Rail: 430.00-433.00 del

AB Direct - Heifers

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Rail: 430.00-433.00 del

US Trade- Steers

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Rail: 298.00-300.00 (IA)

US Trade - Heifers

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Rail: 298.00-300.00 (IA)

Canadian Dollar

August 8, 2023 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of August 7, 2023

The Canfax fed steer price closed the week at around $235/cwt, $0.25/cwt lower than the previous week. From their highs in late June, prices have declined $12/cwt. Last week, dressed sales were reported from $388.50-393.50/cwt FOB the feedlot. Cattle that traded were being scheduled for early September delivery. Last week, Alberta fed prices were estimated at a $16/cwt discount against the Nebraska market. This is the weakest cash basis since late April. Western Canadian fed slaughter for the week ending July 29 totaled just more than 42,000 head, 1% lower than the same week last year.

Over the past month, all classes of cattle have traded higher, setting new annual highs. The Canfax average feeder steer and heifer prices were $9/cwt higher. Steers weighing more than 800 lb were reported $12/cwt higher, while same-weight heifers were $5-7/cwt stronger. Last week, the forward delivery calf market was lightly tested; 5 weights steer calves for Oct/Nov delivery averaged in the upper $380s/cwt. Forward delivery calf prices are trading at premium compared to the spot market. Alberta auction volumes totaled just more than 20,000 head, 14,000 head larger than the same week last year. Canadian feeder cattle exports to the U.S. for the week ending July 10 totaled 3,227 head. For the first three weeks in July, feeder cattle exports to the U.S. are the largest since 2015.

Alberta D2 cows traded $2.25/cwt lower, and live trade was reported from $140‑167/cwt. D3 cows averaged $134.50/cwt. Butcher bulls traded slightly higher, averaging $161/cwt, with a trading range from $145-183/cwt. Canadian butcher bull exports to the U.S. for the week ending July 10 totaled 663 head, 40% lower than the same week last year. For the month of July, Western Canadian cow slaughter is the largest since 2009. 


  • All 2024 live cattle contracts set new highs on Friday.
  • U.S. 90% lean trim prices have been strong, trading at the highest point since June 2020.
  • According to USDA, U.S. packers have fewer August contract cattle compared to last year.


  • Alberta fed basis levels historically weaken from July to August.
  • Western Canadian fed slaughter has been below last year in 17 out of the past 18 weeks.
  • Western Canada packers seem to be comfortably bought out in front, as lift times have stretched out compared to a month ago.

About the Author

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


Cattle Report

Updated: 17/05/2024


Live: ---
Rail: 430.00-433.00 del


Live: ---
Rail: 430.00-433.00 del

Choice Steers

Live: ---
Rail: 298.00-300.00 (IA)

Choice Heifers

Live: ---
Rail: 298.00-300.00 (IA)

Boner Cows

Over 500 lbs: 252.66

Canadian Dollar

$73.50   0.01

Livestock Price Insurance Index

Expiry Fed Feeder Calf
5-Aug-24 234 326 --
2-Sep-24 232 330 --
30-Sep-24 230 332 3572
28-Oct-24 228 332 372
25-Nov-24 226 326 368
23-Dec-24 230 318 364
20-Jan-25 234 320 --
Last Updated on May 9, 2024

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