Canfax fed steer and heifer prices closed last week around $164/cwt, $0.50/cwt higher than the previous week. Last week dressed sales were reported from $271-278/cwt FOB the lot. Most of the cattle that traded last week were being scheduled for late June/early July delivery. Last week it was estimated Alberta fed prices were trading at a $19.50/cwt premium against the US market. With strong basis levels Canadian fed cattle exports to the US have slowed.
Last week the Canfax average feeder steer price closed the week $3.25/cwt higher while heifer prices on average increased $1.75/cwt. Steers and heifers weighing from 8-900 lbs traded $2-4/cwt higher and established new annual price highs. Steer calves and light weight stockers traded $3-7/cwt higher last week. Western Canadian calf and feeder indices closed the week at $221.46/cwt and $192.57/cwt respectively. Alberta weekly auction volumes totaled just under 15,000 head. Canadian feeder cattle exports to the US for the week ending May 29th totaled 2,521 head.
Last week Alberta D2 cow prices traded $0.25/cwt lower and live trade was reported from $92-114/cwt. D3 cows averaged $90/cwt. Butcher bulls traded $2/cwt higher to average $114.50/cwt and live trade was reported from $100-135/cwt. Canadian butcher bull exports to the US for the week ending May 29th totaled 532 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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