The Canfax fed steer price closed last week around $152/cwt, fully steady with the previous week. This is the first time in 36 weeks fed prices have been above last year. Last week dressed sales were reported from $252.00-255.50/cwt FOB the lot. Cattle that traded last week were being scheduled for the first half of March delivery. Alberta fed cash to futures basis strengthened going from +$4.77/cwt to +$5.84/cwt.
Last week the Canfax average feeder steer price closed the week $1.50/cwt higher while heifers strengthened $2.50/cwt. Calves and light weight stockers traded $2-6/cwt higher than the previous week. Last week Alberta 5-600 lb steers averaged just over $235/cwt, the highest price since April 2019. Feeder steers weighing over 800 lbs traded steady to $2/cwt lower. Western Canadian calf and feeder indices closed the week at $216.33/cwt and $188.31/cwt respectively. Alberta weekly auction volumes totaled just over 46,000 head. Canadian feeder cattle exports to the US for the week ending February 13th totaled 947 head.
Alberta D2 cow prices traded $5.50/cwt higher with live trade reported from $80-94/cwt. Last week D3 cows averaged $76.50/cwt. Cow prices are at their highest point since August. Butcher bulls traded $1/cwt lower to average $106/cwt and live trade was reported from $90-126/cwt. Canadian butcher bull exports to the US for the week ending February 13th totaled 312 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.
Those interested in becoming Canfax members can sign up on the website at www.canfax.ca
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