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AB Direct - Steers

Live: ---
Rail: 415.00-420.00 del

AB Direct - Heifers

Live: ---
Rail: 415.00-420.00 del

US Trade- Steers

Live: 182.00 (KN, TX) 185.00 (NE)
Rail: 293.00-295.00 (NE, IA)

US Trade - Heifers

Live: 182.00 (KN, TX) 185.00 (NE)
Rail: 293.00-295.00 (NE, IA)

Canadian Dollar

March 11, 2024 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of March 11, 2024

Alberta fed price last week had a strong performance, up $2-10/cwt on the rail. But the cash-to-futures basis remains $8/cwt weaker than the five-year average.

Western Canadian steer carcass weight were 60 pounds heavier than the five-year average. Canadian fed cattle and cow exports to the U.S. have been running above year-ago level since the beginning of the year, with year-to-date volumes up 7 per cent from last year as of February 24th. Canadian fed slaughter for the week ending March 2nd total 50,716 head, down 3 per cent from the previous year.

This week Alberta 550 pound steer calves were trading at a $60/cwt premium compared to the Ontario market. One of the largest premiums to date. Alberta 850 pound steers have rallied 10 per cent since the start of the year, unusual for heavy weight feeder as this time of the year is where they’re at annual lows. Canadian feeder cattle exports to the US for the week ending February 24th totaled 2,680 head compared to the five-year average of 4,275 head.

With cooler temperatures, non-fed volumes through commercial auction facilities were very light, in some instance buyers were unable to assemble full loads to ship to the plant. Butcher cows established new record highs after being up $8.50/cwt from last week.

To highlight how strong the cow market is, the price spread between D2 cows and butcher bulls at $2.50/cwt was the narrowest spread sine April 2014. Over the past 25 years, 2004 was the only time cows established a first half of the year high in March. This suggest there is still more upside moving forwards for cow price.


  • Fed basis continued to be lower than historical averages
  • Stronger deferred live cattle prices are supportive to lightweight calves and yearlings being forward contracted
  • Expect cow prices to continue to strengthen


  • Canadian fed slaughter year-to-date remains below last year
  • Western Canadian carcass weights remain large
  • Ontario cash to future basis reached a new low for the year

About the Author

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


Cattle Report

Updated: 12/04/2024


Live: ---
Rail: 415.00-420.00 del


Live: ---
Rail: 415.00-420.00 del

Choice Steers

Live: 182.00 (KN, TX) 185.00 (NE)
Rail: 293.00-295.00 (NE, IA)

Choice Heifers

Live: 182.00 (KN, TX) 185.00 (NE)
Rail: 293.00-295.00 (NE, IA)

Boner Cows

Over 500 lbs: 250.84

Canadian Dollar

$72.82   0.32

Livestock Price Insurance Index

Expiry Fed Feeder Calf
8-Jul-24 226 -- --
5-Aug-24 222 318 --
2-Sep-24 220 324 --
30-Sep-24 220 324 366
28-Oct-24 218 324 366
25-Nov-24 216 320 364
23-Dec-24 222 312 360
Last Updated on April 11, 2024

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