AB Direct - Steers

Live: ---
Rail: 378.00-383.00 del

AB Direct - Heifers

Live: ---
Rail: 378.00-383.00 del

US Trade- Steers

Live: 171.00-174.00 (TX, KN) 175.00 (NE)
Rail: 275.00 (NE, IA)

US Trade - Heifers

Live: 171.00-174.00 (TX, KN) 175.00 (NE)
Rail: 275.00 (NE, IA)

Canadian Dollar

March 13, 2023 Current Markets & Forecasts
by Canfax

Canfax Weekly Article | Report for the week of March 13, 2023

Closing at $203.90/cwt and $210.13/cwt respectively, both Western and Eastern Canadian fed steer prices set new all-time highs. In Western Canada, dressed sales were reported at $342/cwt delivered. Cattle were being scheduled for the second half of March delivery. A few Alberta fed cattle were marketed to the U.S. on a five areas formula basis. So far this year, formula-priced fed cattle have accounted for 17% of total fed cattle exports, and formula volumes are 40% larger than last year. In Ontario, dressed sales ranged from $350-352/cwt delivered, $8/cwt higher than the previous week. A few Ontario cattle were marketed to the U.S. and working back to around $217/cwt FOB the feedlot live.

A seasonally large offering of feeders saw prices continue higher. Special feeder sales with large quality lots commanded a marked premium, and average prices rallied higher. Calf prices continued to gain price momentum, and middle weight 5-600 lb steer prices were $7/cwt shy of all-time record highs. Calves from 6-700 lb rallied around $7/cwt higher than the previous week, and larger feeders more than 800 lb traded $3-4/cwt stronger. Total auction volumes were significantly larger than the previous week at 38,579 head, and YTD auction volumes were 6% lower than a year ago at 267,084 head. Canadian feeder exports to the U.S. for the week ending February 25 totaled 1,750 head and were 78% lower than the same week last year.

D2 slaughter cows surged sharply, $12.80/cwt higher than the previous week to average $126.30/cwt, and D3 cows rallied $6.70/cwt higher to close the week at $107.20. Dressed cow bids strengthened to $235-242/cwt delivered. Butcher bull prices firmed modestly to average $139.78/cwt. Western Canadian non-fed slaughter for the week ending March 4 was 5% larger than the previous week at 8,118 head, and YTD was up 19% to 81,074 head.


  • Cattle on feed inventories at the start of March totaled 1.03 million head, 5% smaller than year ago.
  • Canadian barley prices continue to moderate.
  • Market ready fed supplies are manageable.


  • A proposed “product of U.S.” label change is expected to impact Canadian beef and pork sectors.
  • Alberta Jan 1 beef breeding heifer inventories are estimated more than 6% lower than year ago. 
  • The fed basis remains seasonally weak.

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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 www.canfax.ca.

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Live: ---
Rail: 378.00-383.00 del


Live: ---
Rail: 378.00-383.00 del

Choice Steers

Live: 171.00-174.00 (TX, KN) 175.00 (NE)
Rail: 275.00 (NE, IA)

Choice Heifers

Live: 171.00-174.00 (TX, KN) 175.00 (NE)
Rail: 275.00 (NE, IA)

Boner Cows

Over 500 lbs: 196.09

Canadian Dollar

$74.06   0.33

Livestock Price Insurance Index

Expiry Fed Feeder Calf
26-Feb 212 278 -
25-Mar 216 280 -
22-Apr 220 284 -
20-May 224 292 -
17-Jun 230 302 -
15-Jul 224 - -
12-Aug 220 304 -
Last Updated on December 1, 2023

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