AB Direct - Steers

Live: ---
Rail: 293.50-295.50 FOB lot Last week

AB Direct - Heifers

Live: ---
Rail: 293.50-295.50 FOB lot last week

US Trade- Steers

Live: 135.00-137.00 (TX, KN), 140.00-144.00 (NE) Last week
Rail: 225.00-232.00 (NE, IA) Last week

US Trade - Heifers

Live: 135.00-137.00 (TX,KN) 140.00-144.00 (NE) Last week
Rail: 225.00-232.00 (NE, IA) Last week

Canadian Dollar

$77.82
0.55
June 28, 2021 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of June 28, 2021

Canfax fed steer and heifer prices closed last week around $162.25/cwt, $2/cwt lower than the previous week. The last time fed prices averaged over $160/cwt in June was back in 2015, other than 2015 this stands as the second strongest price for June on record. Last week dressed sales were reported from $270-272/cwt FOB the lot. Most of the cattle that traded last week were being scheduled for the week of July 19th delivery. Alberta fed cash to futures basis weakened going from +$14.73 to +$12.23/cwt last week.

Last week the Canfax average feeder steer price closed the week $1.75/cwt higher while heifer prices on average increased $2.25/cwt. Steers and heifers weighing over 700 lbs established new annual price highs. Trading $2/cwt higher last week, Alberta 7-800 lb steer prices are at the highest point since September 2019. The Western Canadian feeder index closed the week at $203.91/cwt. Alberta weekly auction volumes totaled just under 15,000 head. Canadian feeder cattle exports to the US for the week ending June 12th totaled 2,359 head.

Last week Alberta D2 cow prices traded $0.75/cwt lower and live trade was reported from $90-113/cwt. D3 cows averaged $89/cwt. Butcher bulls traded $0.50/cwt higher to average $117.50/cwt and live trade was reported from $100-140/cwt. Canadian butcher bull exports to the US for the week ending June 12th totaled 672 head.

Bull.

  • USDA’s June 1st cattle on feed report should be viewed as neutral to slightly bullish as May placements came in below expectations.
  • According to USDA total red meat in cold storage at the end of May is 3% lower than last year.
  • Western Canadian fed slaughter was the largest seen this year.

Bear.

  • Chinese pork prices have been on a steady decline moderating export demand.
  • On a monthly basis, in 6 out of the past 10 years Western Canadian fed prices have declined from June to July.
  • Dry conditions are being noted across the Canadian prairies and the Western US.

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.

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Steers

Live: ---
Rail: 293.50-295.50 FOB lot Last week

Heifers

Live: ---
Rail: 293.50-295.50 FOB lot last week

Choice Steers

Live: 135.00-137.00 (TX, KN), 140.00-144.00 (NE) Last week
Rail: 225.00-232.00 (NE, IA) Last week

Choice Heifers

Live: 135.00-137.00 (TX,KN) 140.00-144.00 (NE) Last week
Rail: 225.00-232.00 (NE, IA) Last week

Boner Cows

Over 500 lbs: US$ 161.59

Canadian Dollar

$77.82   0.55

Livestock Price Insurance Index

Expiry Fed Feeder Calf
31-Oct 174 226 -
28-Nov 172 222 -
23-Jan 184 224 -
20-Feb 184 226 -
20-Mar 184 228 -
17-Apr 192 228 -
Last Updated on August 4, 2022