AB Direct - Steers

Live: ---
Rail: 373.50-376.50 FOB lot (last week)

AB Direct - Heifers

Live: ---
Rail: ---

US Trade- Steers

Live: 169.00-172.00 (TX, KN) last week
Rail: 267.00-272.00 (NE, IA) last week

US Trade - Heifers

Live: 169.00-172.00 (TX, KN) last week
Rail: 267.00-272.00 (NE, IA) last week

Canadian Dollar

December 19, 2022 Current Markets & Forecasts
by Canfax

Canfax Weekly Article | Report for the week of December 19, 2022

Alberta dressed sales last week were reported from $304-305/cwt delivered. Cattle that traded were being scheduled for the second half of January’s delivery. Light volumes of Alberta cattle traded to the U.S. at USD $236/cwt delivered. Sales to the U.S. were at a $5-6/cwt live premium over local deals. For the week ending December 11th, U.S. imports of Canadian-fed cattle totaled more than 8,500 head, the largest volume seen this year. Even though Western Canadian steer carcass weights have dropped from highs in October, weights remain record large for December. If cold temperatures persist throughout January, carcass weights could moderate at a rather fast pace, moving off record levels.

A break in the weather flushed a large offering of calves to auction, and prices rallied significantly higher on strong year-end buying interest. Light heifer calves from 3-500 lb surged $11-13/cwt higher than the previous week. Steer calves from 4-700 lb all traded at new annual highs last week, and larger steers from 6-800 lb saw prices rally $10.50-13/cwt higher. Alberta feeders generally traded at a premium to Ontario this week. Alberta auction volumes were modestly 8% larger than a year ago and YTD total 1,643,357 head. Canadian feeder exports to the U.S. for the week ending December 3rd were 32% lower than the same week last year. YTD feeder exports were 48% larger than year ago, totaling 192,094 head.

Non-fed prices rebounded higher on reduced offerings and continued good demand. Slaughter cow prices firmed $2.50/cwt higher than the previous week, with D2’s averaging $84.80/cwt. Dressed cow bids realigned aggressively higher to around $170-175/cwt delivered. Alberta D2 cows traded at a $7/cwt discount to Ontario last week were at a $16.50/cwt discount to U.S. utility cows the week prior. Western Canadian non-fed slaughter for the week ending December 10th was up 2% from the previous week at a whopping 10,512 head. Butcher bull prices firmed more than $1/cwt higher to average $117.06/cwt.


  • July/August feeder placements were below a year ago and fed marketings moving forward will be manageable.
  • U.S. corn imports have capped domestic barley prices.
  • Winter weather is priced into cattle futures. They are over-bought, but remain supportive.


  • November feeder placements were 21% larger than a year ago.
  • Projected break-evens for December-placed calves are around $220/cwt.
  • December-fed steer carcass weights continue record large.

Disclaimer: Not for further distribution without permission from Canfax. 

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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 www.canfax.ca.

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Cattle Report

Updated: 11/12/2023


Live: ---
Rail: 373.50-376.50 FOB lot (last week)


Live: ---
Rail: ---

Choice Steers

Live: 169.00-172.00 (TX, KN) last week
Rail: 267.00-272.00 (NE, IA) last week

Choice Heifers

Live: 169.00-172.00 (TX, KN) last week
Rail: 267.00-272.00 (NE, IA) last week

Boner Cows

Over 500 lbs: 187.96

Canadian Dollar

$73.77   0.11

Livestock Price Insurance Index

Expiry Fed Feeder Calf
26-Feb 212 278 -
25-Mar 216 280 -
22-Apr 220 284 -
20-May 224 292 -
17-Jun 230 302 -
15-Jul 224 - -
12-Aug 220 304 -
Last Updated on December 1, 2023

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