Last week, Canfax fed steer and heifer price closed around $175.25/cwt, $0.75/cwt higher than the previous week. Fed cattle prices are at the highest point since the spring of 2017. Last week dressed sales were reported from $289.50-292.50/cwt FOB the lot. Most of the cattle that traded last week were being scheduled for late July/early August delivery. U.S. packer interest was noted on the Western Canadian cash market. Light volumes of Alberta cattle traded south and sales to the U.S. were at a slight premium over local deals. Western Canadian fed slaughter for the week ending June 18th totaled just over 42,000 head, 8% lower than last year.
Canfax average feeder steer and heifer prices closed the week $1.50-3.50/cwt higher. Heifers weighing from 7-900 lb traded $3/cwt stronger. Over the past four weeks, 850 lb steers have strengthened $8/cwt, while same weight heifer prices have traded generally sideways. Alberta 550 lb steer prices have averaged in the low to mid $230’s/cwt for the past eleven weeks. The Western Canadian calf index closed the week at $237.71/cwt. Alberta weekly auction volumes totaled just over 12,000 head, 3,000 head smaller than last year. Canadian feeder cattle exports to the US for the week ending June 11th totaled 3,909 head.
Alberta D2 cows traded $1/cwt higher last week, and live trade was reported from $96‑115/cwt. D3 cows averaged $92/cwt. Butcher bulls traded $1/cwt higher to average $129/cwt and trade was reported from $110-153/cwt. Canadian butcher bull exports to the US for the week ending June 11th totaled 660 head, 2% lower than the same week last year.
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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