AB Direct - Steers

Live: ---
Rail: 378.00-383.00 del

AB Direct - Heifers

Live: ---
Rail: 378.00-383.00 del

US Trade- Steers

Live: 171.00-174.00 (TX, KN) 175.00 (NE)
Rail: 275.00 (NE, IA)

US Trade - Heifers

Live: 171.00-174.00 (TX, KN) 175.00 (NE)
Rail: 275.00 (NE, IA)

Canadian Dollar

February 13, 2023 Current Markets & Forecasts
by Canfax

Canfax Weekly Article | Report for the week of February 13, 2023

The Canfax fed steer and heifer price closed the week at around $193.50/cwt, $2.50/cwt higher than the previous week. Fed cattle prices have strengthened for nine straight weeks, gaining $12/cwt. Fed prices are within $9/cwt of their all-time highs set back in May 2015. Last week, dressed sales were reported from $323.50-325.50/cwt FOB the lot. Cattle were being scheduled for the week of March 6 and 13 delivery. All reported cash sales traded locally, and U.S. packer interest was quiet. Western Canadian-fed slaughter for the week ending February 4 totaled just more than 40,000 head, 2% fewer than the same week last year.

The Canfax average feeder steer price was $6.75/cwt higher, while heifer prices strengthened $5.50/cwt. Week over week, the large prices increase was on lighter-weight calves with prices advancing $12-13/cwt. Steers weighing more than 800 lb traded $2-5/cwt higher, while same weight heifers were reported $6-8/cwt stronger. Last week, Alberta 550 lb steers averaged $308/cwt; for the first half of February prices are record high. The Western Canadian feeder index closed the week at $261.06/cwt, up over $6/cwt. Alberta auction volumes totaled 18,000 head, 5,000 head fewer than the same week last year. For the month of January, Canadian feeder cattle exports to the U.S. were down 33% compared to 2022.

Alberta D2 cows traded $2/cwt higher than the previous week, and live trade was reported from $94‑112/cwt. D3 cows averaged $89.50/cwt. Butcher bulls traded $2.50/cwt higher, averaging $123.50/cwt and trade was reported from $109-146/cwt. Since the beginning of January, Western Canadian cow slaughter volumes have averaged more than 9,000 head/week. Canadian butcher bull exports to the U.S. for the week ending January 28 totaled 562 head.


  • The February live cattle contract has closed higher in six out of the past seven trading sessions, setting new highs.     
  • U.S. steer carcass weights averaged 910 lb, 28 lb less than last year and 10 lb less than 2021.
  • Total U.S. beef exports for 2022 were 3.6% more than 2021.


  • Since the beginning of February, U.S. pork cutout have traded from USD $78-81/cwt, 19% lower than last year.
  • Western Canadian steer carcass weights are record large for the first half of February.
  • Based on the USDA cattle inventory report, cattle on feed inventories in the Northwest region (bordering Canada) are 9.7% larger than last year. 

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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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Updated: 01/12/2023


Live: ---
Rail: 378.00-383.00 del


Live: ---
Rail: 378.00-383.00 del

Choice Steers

Live: 171.00-174.00 (TX, KN) 175.00 (NE)
Rail: 275.00 (NE, IA)

Choice Heifers

Live: 171.00-174.00 (TX, KN) 175.00 (NE)
Rail: 275.00 (NE, IA)

Boner Cows

Over 500 lbs: 196.09

Canadian Dollar

$74.06   0.33

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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