AB Direct - Steers

Live: ---
Rail: 404.00 del

AB Direct - Heifers

Live: ---
Rail: 404.00 del

US Trade- Steers

Live: 173.50-180.00 (KN, TX) 183.00-188.00 (NE)
Rail: 285.00-292.50 (NE, IA)

US Trade - Heifers

Live: 173.50-180.00 (KN, TX) 183.00-188.00 (NE)
Rail: 285.00-292.50 (NE, IA)

Canadian Dollar

May 15, 2023
by Canfax

Canfax Weekly Article | Report for the week of May 15, 2023

The Canfax fed steer and heifer price closed the week at around $230.75/cwt, mostly steady with the previous week. Fed cattle prices contnue to trade at record high levels. Fed calf supplies continue to be light and many producers were indicating calves need more days on feed before they are marketed.  Last week, dressed sales were reported from $383.50-388.50/cwt FOB the lot. Most of the cattle that traded would be picked up in 1-2 weeks. Some producers did negotiate a longer delivery time and a few cattle would not be picked up until June. Alberta fed cash to futures basis did strengthen going from +$9.60/cwt to +$13.51/cwt, the strongest basis levels have been all year.

The Canfax average feeder steer price was $0.50/cwt higher while heifer prices strengthened $2.25/cwt. Feeders weighing over 800 lb traded steady to $2/cwt higher setting new annual price highs. Over the past couple of weeks Alberta 5-600 lb steers have averaged in the mid-$340’s/cwt, $110/cwt higher than last year.  The Western Canadian calf index closed the week at $334.08/cwt. Alberta auction volumes totaled just over 22,000 head, 2,000 head larger than week last year. Canadian feeder cattle exports to the U.S. for the week ending April 29th totaled 5,194 head.

Alberta D2 cows traded $0.50/cwt lower than the previous week, and live trade was reported from $140‑164/cwt. D3 cows averaged $131.75/cwt. Alberta cow prices are trading at a $19/cwt premium against the U.S. utility cow market. This is the largest premium Alberta cow prices have been to the U.S. market since May 2021. Butcher bulls traded $1/cwt higher, averaging $156/cwt, with a trading range from $145-172/cwt. Canadian butcher bull exports to the U.S. for the week ending April 29th totaled 547 head.


  • Western Canadian fed slaughter has been below last year for six consecutive weeks.
  • AB/SK May 1st cattle on feed inventories are below last year and below the five-year average.
  • From January to March Canadian beef exports are 5% higher than last year.


  • Weekly broiler production was estimated at 871 million pounds, 5% higher than last year.
  • U.S. pork retail prices have declined for six consecutive months.
  • Over the past month Northern U.S. cash prices have dropped $8/cwt, Southern US prices have declined $5/cwt.

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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: 404.00 del


Live: ---
Rail: 404.00 del

Choice Steers

Live: 173.50-180.00 (KN, TX) 183.00-188.00 (NE)
Rail: 285.00-292.50 (NE, IA)

Choice Heifers

Live: 173.50-180.00 (KN, TX) 183.00-188.00 (NE)
Rail: 285.00-292.50 (NE, IA)

Boner Cows

Over 500 lbs: US$ 202.70

Canadian Dollar

$74.42   0.03

Livestock Price Insurance Index

Expiry Fed Feeder Calf
23-Aug-23 224 288 -
25-Sep-23 224 298 322
23-Oct-23 224 300 322
20-Nov-23 222 298 320
18-Dec-23 222 290 316
15-Jan-24 224 290 -
12-Feb-24 228 298 332
Last Updated on June 1, 2023