AB Direct - Steers

Live: ---
Rail: 390.00 del

AB Direct - Heifers

Live: ---
Rail: 390.00 del

US Trade- Steers

Live: 184.00-186.00 (NE, IA)
Rail: 293.00 (NE, IA)

US Trade - Heifers

Live: 184.00-186.00 (NE, IA)
Rail: 293.00 (NE, IA)

Canadian Dollar

$74.16
0.34
March 22, 2021 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of March 22, 2021

Alberta direct cattle sales saw weighted average prices ease modestly lower last week. The majority of trade was reported dressed at $250/cwt delivered and delivery dates were scheduled for the first week of April. Western Canadian fed slaughter for the week ending March 13th was 1% smaller than the previous week and YTD were 15% larger than year ago at 405,979 head. Western Canadian steer carcass weights dipped 3 lbs lower than the previous week to average 905 lbs. Canadian fed cattle/cow exports to the US for the first week of March were lower than the previous week at 9,472 head and YTD totaled 91,096 head.

Over the past four weeks, calf and feeder prices have dropped around $5/cwt. On average, heifers are trading $8.85/cwt higher than last year while steer prices are $4.87/cwt above last year. Based on forward delivery sales last week, 900 lb+ heifers in AB for Sept/Oct delivery traded from $172-177/cwt. From their lows in January the market is already pricing in roughly a 13-16% increase into the fall market. Canadian feeder cattle exports to the US remain historically low and Canada is well on track to be a net importer of US feeders once again this year.

For the week ending March 13th Western Canadian cow slaughter totaled just over 8,300 head, the second largest slaughter volume seen this year. Cows trading through the sale ring were $1-2/cwt higher while dressed bids/sales were as much as $5/cwt stronger last week. On a cash-to-cash basis, Alberta cows are trading at a $10/cwt premium against the US utility cow market. Alberta cow prices hit a new annual high last week.  

Bull.

  • Grilling season buying should intensify moving forward
  • Fed cattle basis remains very strong
  • Carcass weights should remain manageable

Bear

  • Feed grains continue to inflate cost of gains
  • Many cattle on feed remain open with little risk management
  • Scheduled US packing plant maintenance has slowed US kill levels

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

Disclaimer: Not for further distribution without permission from Canfax

Share this on

Leave a Reply

Your email address will not be published. Required fields are marked *

Top Stories

September 20, 2023 Checking in with ABP

Provide direction at upcoming Engagement Sessions

September 20, 2023 Current Markets & Forecasts

The Bovine: Ryan Copithorne's market outlook for Fall 2023

September 18, 2023 Checking in with ABP

Canfax Weekly Article | Report for the week of September 18, 2023

Cattle Report

Updated: 21/09/2023

Steers

Live: ---
Rail: 390.00 del

Heifers

Live: ---
Rail: 390.00 del

Choice Steers

Live: 184.00-186.00 (NE, IA)
Rail: 293.00 (NE, IA)

Choice Heifers

Live: 184.00-186.00 (NE, IA)
Rail: 293.00 (NE, IA)

Boner Cows

Over 500 lbs: US $214.16

Canadian Dollar

$74.16   0.34

Livestock Price Insurance Index

Expiry Fed Feeder Calf
18-Dec-23 232 322 -
15-Jan-24 236 322 -
12-Feb-24 238 332 -
11-Mar-24 238 332 -
8-Apr-24 244 338 -
6-May-24 248 340 -
3-Jun-24 252 348 -
Last Updated on September 21, 2023