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June 7, 2021 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of May 31, 2021

Alberta direct cattle sales saw moderate volume dressed trade last week with prices steady to $2/cwt higher than the previous week with the majority trading at $275/cwt delivered. Weighted average prices closed the week almost $1/cwt higher, setting a new annual high at $164.32/cwt. Things are returning to normal this week for JBS following a cyberattack with a Saturday kill added last week to recoup lost production. Canadian fed cattle/cow exports to the US for the week ending May 22nd dipped 11% lower than the previous week to 4,955 head and were sharply lower than the same week last year. YTD exports were down 14% at 183,540 head.

A thin volume of calves and feeders were on offer last week with prices trending either side of steady relative to quality. Calves and feeders continued to trade above last year and 2019. Many areas are again concerned about moisture levels, and with hot weather and limited follow through moisture, some producers are looking at moving feeders off grass early to preserve pasture for their cow herds. These conditions also limit demand for calves, and heifer calf prices are at a significant discount to steers given the light demand and high feed costs. Forward sales of grass cattle remain very limited.

Calving culls continue to come to town with some older late calving cows finding their way into the slaughter mix. Despite the production concerns early last week, demand for slaughter cows remained strong and D2 cow prices were $1/cwt higher than the previous week to a new annual high. Alberta cow prices tend to see only limited price improvement into June. Bull prices continued to weaken last week and are $3/cwt below the annual high from six weeks ago. 


  • Carcass weights continue to trend lower
  • Alberta packer chain speed should rebound to normal this week
  • Feed grain prices have softened


  • Overhead beef price resistance will contribute to seasonally lower cutout values
  • Out front US packer inventory is ample
  • Canadian fed cattle/cow exports to the US are expected to continue significantly below year ago

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

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Cattle Report

Updated: 06/12/2022


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Choice Steers

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Choice Heifers

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Boner Cows

Over 500 lbs: US$ 145.25

Canadian Dollar

$73.18   0.38

Livestock Price Insurance Index

Expiry Fed Feeder Calf
27-Feb-23 192 226 -
27-Mar-23 196 228 -
24-Apr-23 202 232 -
22-May-23 204 240 -
19-Jun-23 208 250 -
17-Jul-23 204 - -
14-Aug-23 202 246 -
Last Updated on December 1, 2022