Canfax fed steer and heifer prices last week were around $153/cwt, $2.50/cwt lower than the previous week. This is the lowest fed prices have been in nine weeks. Dressed sales were reported from $254-256/cwt FOB lot. Cattle that traded last week were being booked for the second half of November delivery. On a cash-to-cash basis, Alberta fed prices were estimated at a $2.75/cwt discount against the US market.
Last week the Canfax average feeder steer and heifer price closed the week $1/cwt lower. Over the past month 500-600 lb prices have dropped around $10/cwt but did show signs of stability last week. Steers and heifers weighing over 800 lb traded $2/cwt lower. Western Canadian calf and feeder indices closed the week at $206.18/cwt and $194.04/cwt respectively. Alberta weekly auction volumes have likely peaked totaling just over 95,000 head last week. Canadian feeder cattle exports to the U.S. for the week ending October 16th totaled 4,841 head.
Last week Alberta D2 cow prices traded $6.75/cwt lower and live trade was reported from $57-68/cwt. D3 cows averaged $54.25/cwt. Butcher bulls traded $3.50/cwt lower to average $93/cwt and live trade was reported from $80-108/cwt. Canadian butcher bull exports to the US for the week ending October 16th totaled 680 head.
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.
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