AB Direct - Steers

Live: ---
Rail: 372.00 del

AB Direct - Heifers

Live: ---
Rail: 372.00 del

US Trade- Steers

Live: ---
Rail: 288.00 *few (NE)

US Trade - Heifers

Live: ---
Rail: 288.00*few (NE)

Canadian Dollar

$74.24
0.07
March 1, 2021 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of March 1, 2021

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.

Bull.

  • Alberta fed basis levels historically strengthen from February to March
  • Alberta D2 cow prices have strengthened $10/cwt on a live basis over the past two weeks
  • Western Canadian steer carcass weights have declined

Bear

  • For the end of February, Western Canadian fed prices are below the three-year and five-year averages
  • A rather large volume of Set-Aside cattle are scheduled to be released in March
  • Over the past nine trading sessions the April live cattle contract has declined 600 points

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

Share this on

Top Stories

February 23, 2024 Business Tools

New report projects job vacancies will surpass 100,000 by 2030 as nearly one-third of agri-workforce retires

February 22, 2024 Checking in with ABP

Canadian farm sector income expected to reach new records

February 21, 2024 Checking in with ABP

Join us at ABP's 2024 Annual General Meeting

Cattle Report

Updated: 23/02/2024

Steers

Live: ---
Rail: 372.00 del

Heifers

Live: ---
Rail: 372.00 del

Choice Steers

Live: ---
Rail: 288.00 *few (NE)

Choice Heifers

Live: ---
Rail: 288.00*few (NE)

Boner Cows

Over 500 lbs: 212.04

Canadian Dollar

$74.24   0.07

Livestock Price Insurance Index

Expiry Fed Feeder Calf
13-May-2024 230 330 --
10-June-2024 238 340 --
8-July-2024 234 -- --
5-August-2024 232 340 --
2-September-2024 230 346 --
30-September-2024 230 348 388
28-October-2024 228 348 388
Last Updated on February 16, 2024

Add to Homescreen

  1. Tap the menu button next to the address bar or at the bottom of your browser.
  2. Select ‘Install’ or ‘Add to Homescreen’ to stay connected.