AB Direct - Steers

Live: ---
Rail: 304.00-305.00 del (bids/sales)

AB Direct - Heifers

Live: ---
Rail: 304.00-305.00 del (bids/sales)

US Trade- Steers

Live: 155.00 (TX, KN) 157.00 (NE)
Rail: 245.00-249.00 (NE, IA)

US Trade - Heifers

Live: 155.00 (TX, KN) 157.00 (NE)
Rail: 245.00-249.00 (NE, IA)

Canadian Dollar

$74.21
0.26
May 31, 2021 Current Markets & Forecasts

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

Canfax fed steer and heifer prices closed last week around $163/cwt, fully steady with the previous week. Last week dressed sales were reported from $269.50-274.50/cwt FOB the lot. Cattle that traded last week were being scheduled for the middle to end of June delivery. With strong prices and basis levels some fed calves are being shipped out 50-100 lbs lighter than normal. Western Canadian fed slaughter for the week ending May 22nd totaled 40,900 head.

Last week the Canfax average feeder steer and heifer price closed the week $1/cwt higher. Alberta calf and feeder prices are trading at a premium to the US market. Last week calves and light weight stockers traded steady to lower while heavier feeders did strengthen. Since the end of April, 5-600 lb steer and heifer prices have dropped $8-10/cwt. Western Canadian calf and feeder indices closed the week at $218.37/cwt and $190.99/cwt respectively. Alberta weekly auction volumes totaled just under 12,000 head. Canadian feeder cattle exports to the US for the week ending May 15th totaled 1,873 head.

Last week Alberta D2 cow prices traded $1.75/cwt higher and live trade was reported from $92-112/cwt. D3 cows averaged $89.75/cwt. Butcher bulls traded fully steady to average $113.25/cwt and live trade was reported from $100-134/cwt. Canadian butcher bull exports to the US for the week ending May 15th totaled 459 head.

Bull.

  • In Western Canada fed calves are being pulled forward, one could argue feedlot inventories are in the best shape in over a year
  • Canada has been recognized as negligible risk for BSE
  • For the end of April, total US beef, chicken and pork in cold storage is below last year

Bear

  • Alberta fed cash to futures basis historically weaken from May to June
  • Labor continues to be a major issue facing the packing segment
  • Fed cattle supplies are expected to remain ample in the US for the month of June

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: 02/12/2022

Steers

Live: ---
Rail: 304.00-305.00 del (bids/sales)

Heifers

Live: ---
Rail: 304.00-305.00 del (bids/sales)

Choice Steers

Live: 155.00 (TX, KN) 157.00 (NE)
Rail: 245.00-249.00 (NE, IA)

Choice Heifers

Live: 155.00 (TX, KN) 157.00 (NE)
Rail: 245.00-249.00 (NE, IA)

Boner Cows

Over 500 lbs: US$ 144.64

Canadian Dollar

$74.21   0.26

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