Canfax fed steer and heifer prices closed last week around $151.75/cwt, $3/cwt lower than the previous week. Fed cattle prices have declined for five straight weeks, and over that timeframe have dropped $12.50/cwt. Last week dressed sales were reported from $251.50-255.50/cwt FOB the lot. Most of the cattle that traded were being scheduled for the week of August 9th delivery. Competition on the cash market was limited, and there were instances where packers were not even bidding on cattle last week.
Last week the Canfax average feeder steer price closed $3.25/cwt higher while heifer prices on average increased $2.50/cwt. Steers weighing from 8-900 lbs traded $3.50-5.00/cwt higher and established new annual price highs. Calf and light weight stocker prices traded $1-6/cwt higher. With dry conditions across the prairies, some grass yearlings are being marketed 1-2 months earlier than normal. Alberta weekly auction volumes totaled just under 20,000 head. Canadian feeder cattle exports to the US for the week ending July 3rd totaled 3,889 head.
Last week Alberta D2 cow prices traded $4/cwt lower and live trade was reported from $82-100/cwt. D3 cows averaged $80/cwt. Butcher bulls traded $0.25/cwt lower to average $115/cwt and live trade was reported from $100-136/cwt. Canadian butcher bull exports to the US for the week ending July 3rd totaled 734 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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