Last week the Canfax fed steer and heifer prices closed around $161.25/cwt, $4/cwt lower than the previous week. Packers seem to have a lot of January contract cattle around them which moderated interest on the cash market. Last week dressed sales were reported from $268.00-275.75/cwt FOB lot. Cattle that traded were being scheduled for late January delivery. Last week on a cash-to-cash basis, Alberta fed prices were at an estimated $14.25/cwt discount against the Nebraska market. Alberta fed prices are also at a $11/cwt discount compared to the Ontario market.
With only 6,000 head of feeders and non-fed cattle trading through commercial auction facilities in Alberta last week, it is tough to draw a lot of comparisons. The two main takeaways are: 1) compared to the end of December, the market tone on the calf and light weight stockers seemed a little stronger on the steers and steady on the heifers, and 2) demand for heavy weight feeders seemed exceptionally strong. Canadian feeder cattle exports to the U.S. for the week ending December 25th totaled 1,438 head.
Compared to the end of December, Alberta D2 cows traded $1.75/cwt lower last week and live trade was reported from $67-84/cwt. D3 cows averaged $65.25/cwt. Compared to the end of December butcher bulls traded $3/cwt higher to average $99.25/cwt and live trade was reported from $85-113/cwt. Canadian butcher bull exports to the US for the week ending December 25th totaled 255 head.
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