Last week the Canfax fed steer and heifer prices closed around $163.75/cwt, $1.25/cwt higher than the previous week. Alberta fed prices are $27/cwt higher than last year and $15/cwt higher than the five-year average. Last week dressed sales were reported from $273.50-275.50/cwt FOB lot. Most of the cattle that traded were being scheduled for late December/early January delivery. Alberta fed basis levels did strengthen last week but remain weaker than the five-year average.
The Canfax average feeder steer price closed the week $1.50/cwt higher while heifer prices traded mostly steady. Light weight steer calves traded $1-5/cwt lower last week and continue to hover very close to annual lows. Steers over 700lb traded $2-5/cwt stronger. Heifers weighing from 5-800lb traded steady to $1.50/cwt lower. Western Canadian calf and feeder indices closed the week at $201.77/cwt and $189.52/cwt respectively. Alberta weekly auction volumes totaled just over 35,000 head last week. Canadian feeder cattle exports to the US for the week ending November 27th totaled 3,742 head.
Alberta D2 cows traded $4.50/cwt higher last week and live trade was reported from $63-78/cwt. D3 cows averaged $62.50/cwt. Butcher bulls traded $1.50/cwt higher to average $98.50/cwt and live trade was reported from $82-115/cwt. Canadian butcher bull exports to the U.S. for the week ending November 27th totaled 414 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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