AB Direct - Steers

Live: ---
Rail: 264.00-265.00 del

AB Direct - Heifers

Live: ---
Rail: 264.00-265.00 del

US Trade- Steers

Live: 124.00
Rail: 193.00-198.00

US Trade - Heifers

Live: 124.00
Rail: 193.00-198.00

Canadian Dollar

$78.79
0.25
July 5, 2021 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of July 5, 2021

Canfax fed steer and heifer prices closed last week around $157.50/cwt, $5/cwt lower than the previous week. Dressed sales were reported from $260.50-264.50/cwt FOB the lot. All three Western Canadian packers procured cattle last week. In some instances, packers were limiting the amount of cash cattle they were buying from each producer. Most of the cattle that traded were being scheduled for the week of August 2nd delivery. Alberta fed cash to futures basis weakened going from +$12.23 to +$5.82/cwt last week.

Last week the Canfax average feeder steer price closed $0.50/cwt lower while heifer prices on average increased $1/cwt. All classes of cattle are trading higher than last year. Heifer calves and light weight stockers traded steady to $4/cwt higher. Steers over weighing 900 lbs have traded higher for eight straight weeks. The Western Canadian feeder index closed the week at $199.74/cwt. With extreme heat along with the July 1st holiday, auction volumes were light. Alberta weekly auction volumes totaled just over 11,000 head. Canadian feeder cattle exports to the US for the week ending June 19th totaled 1,721 head.

Last week Alberta D2 cow prices traded $6.25/cwt lower and live trade was reported from $90-105/cwt. D3 cows averaged $85.50/cwt. Butcher bulls traded $0.50/cwt higher to average $118/cwt and live trade was reported from $100-139/cwt. Canadian butcher bull exports to the US for the week ending June 19th totaled 634 head.

Bull.

  • US steer carcass weights are the smallest since August 2019
  • Live cattle futures for early 2022 hit new contract highs last week

Bear.

  • Western Canadian cow slaughter has been larger than last year and the five-year average
  • Choice cutout values have closed lower for seventeen consecutive trading days, dropping over $50/cwt
  • Since the beginning of June pork cutout values have declined 14%

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

Disclaimer: Not for further distribution without permission from Canfax

Photo: Canada Beef Inc.

Share this on

Leave a Reply

Your email address will not be published. Required fields are marked *

Top Stories

September 24, 2021 Checking in with ABP

Preserving and protecting the industry for producers

September 23, 2021 Checking in with ABP

This Too Shall Pass: Resilience and perseverance in the face of drought

September 22, 2021 Issues & Insights

Canadian agri-food leaders unite ahead of the UN Food Systems Summit

Cattle Report

Updated: 23/09/2021

Steers

Live: ---
Rail: 264.00-265.00 del

Heifers

Live: ---
Rail: 264.00-265.00 del

Choice Steers

Live: 124.00
Rail: 193.00-198.00

Choice Heifers

Live: 124.00
Rail: 193.00-198.00

Boner Cows

Over 500 lbs: US$ 135.36

Canadian Dollar

$78.79   0.25

Livestock Price Insurance Index

Expiry Fed Feeder Calf
20-Dec 152 190 -
17-Jan 158 188 -
14-Feb 160 192 -
14-Mar 158 190 -
11-Apr 164 190 -
9-May 168 196 -
6-Jun 170 202 -
Last Updated on September 23, 2021