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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

$72.82
0.32
March 18, 2024 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of March 18, 2024

In Alberta last week, weighted average fed steer and heifer price closed the week on either side of $230/cwt live, steer prices were stronger than the previous week, while heifer prices were lower.

Last week, dressed sales were reported from $378.50-388.50/cwt FOD the feedlot. Lift times were all over the map, depending on which packer bought the cattle. Most of the cattle that traded would be picked up in 1-3 weeks. A few cattle would also be picked up in early May.

U.S. packer interest was noted, and moderate volumes of Western Canadian fed cattle were marketed south. Cash sales to the U.S. were at a premium over local deals. In addition, a few cattle were also committed to the U.S. packer on a five-area average.

Last week, the Canfax average feeder steer price wa $2/cwt higher, while heifer prices strengthened $2.50/cwt. Alberta steers weighing from 5-700 pounds were $4-6/cwt higher than the previous week.

Alberta calf prices are trading at a premium to both the Ontario and U.S. markets. Last week, Alberta 850 pound feeders were reported $1/cwt higher. Feeder prices are currently $3/cwt shy of their record highs set back in September 2023.

Alberta auction volumes totaled 37,000 head, 1,000 head smaller than the same week last year. Canadian feeder cattle exports to the U.S. for the week ending March 2nd totaled 2,676 head.

Western Canadian packer and feeder cow buyers continue to be active on the non-fed market. Alberta D2 cows traded $5/cwt higher and live trade was reported from $150-176/cwt. D3 cows averaged $141/cwt higher, averaging $168/cwt, with a trading range from $150-187/cwt. Canadian butcher bull exports to the U.S. for the week ending March 2nd totaled 266 head.

Bull

  • March 1st Alberta and Saskatchewan cattle on feed inventories are below last year and the five-year average
  • U.S. 90 per cent lean trim prices are record high, supporting both the non-fed and fed market
  • Packer lift times have tightened over the past month

Bear

  • U.S. beef exports for the month of January were four per cent lower than last year
  • Over the past four weeks, U.S. cattle slaughter is estimated 130,000 head below last year
  • The fed cattle market has under performed relative to the non-fed market

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.

Author

Cattle Report

Updated: 12/04/2024

Steers

Live: ---
Rail: 415.00-420.00 del

Heifers

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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