AB Direct - Steers

Live: ---
Rail: ---

AB Direct - Heifers

Live: ---
Rail: ---

US Trade- Steers

Live: 135.00-138.00 (TX, KN)
Rail: 225.00-228.00 (NE, IA)

US Trade - Heifers

Live: 135.00-136.00 (TX,KN)
Rail: 225.00-228.00 (NE, IA)

Canadian Dollar

$77.30
0.51
February 8, 2021 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of February 8, 2021

The Canfax fed steer and heifer price closed last week around $150.75/cwt, fully steady with the previous week. Fed prices are $6-7/cwt lower than last year. Last week dressed sales were reported from $252.25-253.50/cwt FOB the lot. Cattle that traded last week were being scheduled for the week of February 15th and 22nd delivery.  Last week on a cash to cash basis Alberta fed prices were estimated at a $5/cwt premium against the Nebraska market. Western Canadian fed slaughter for the week ending January 30th totaled just over 37,000 head. 

Last week the Canfax average feeder steer price closed the week $4.50/cwt higher while heifers strengthened $2.50/cwt.  Steer and heifer calves traded $3-7/cwt stronger. Feeder steers weighing over 800 lbs were reported $2-3/cwt higher while same weight heifers saw prices advance $1-2/cwt. Setting new annual highs this week, the Western Canadian calf and feeder indices closed the week at $214.00/cwt and $186.51/cwt respectively. Alberta weekly auction volumes totaled just over 19,000 head. Canadian feeder cattle exports to the US for the week ending January 23rd totaled 1,681 head. 

Alberta D2 cow prices traded $1/cwt higher with live trade reported from $68-83/cwt. Last week D3 cows averaged $65.50/cwt. Butcher bulls traded $2/cwt higher to average $99.75/cwt and live trade was reported from $86-114/cwt. Canadian butcher bull exports to the US for the week ending January 23rd totaled 651 head.

Bull

  • Total US beef exports for the month of December were 12% larger than last year
  • Since the beginning of the year, non-fed volumes through commercial auction facilities have been very manageable and smaller than expected
  • January 1st US beef cow inventory was down 181,000 head compared to last year 

 Bear

  • Statistically there is a low probability that fed prices strengthen from January to February
  • Western Canadian packers have started to scale back slaughter rates 
  • US steer carcass weights are within 5 lbs of their record high

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

Share this on

Leave a Reply

Your email address will not be published.

Top Stories

August 5, 2022 Checking in with ABP

July Auction Market Update

August 2, 2022 Issues & Insights

What We're Reading | Optimism has returned with the rains for the cattle sector

August 2, 2022 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of August 1, 2022

Cattle Report

Updated: 05/08/2022

Steers

Live: ---
Rail: ---

Heifers

Live: ---
Rail: ---

Choice Steers

Live: 135.00-138.00 (TX, KN)
Rail: 225.00-228.00 (NE, IA)

Choice Heifers

Live: 135.00-136.00 (TX,KN)
Rail: 225.00-228.00 (NE, IA)

Boner Cows

Over 500 lbs: US$ 166.08

Canadian Dollar

$77.30   0.51

Livestock Price Insurance Index

Expiry Fed Feeder Calf
31-Oct 174 226 -
28-Nov 172 222 -
23-Jan 184 224 -
20-Feb 184 226 -
20-Mar 184 228 -
17-Apr 192 228 -
Last Updated on August 4, 2022