AB Direct - Steers

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AB Direct - Heifers

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US Trade- Steers

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US Trade - Heifers

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Canadian Dollar

October 31, 2022
by Canfax

Canfax Weekly Article | Report for the week of October 31, 2022

The Canfax fed steer and heifer price closed the week at $181/cwt, $1/cwt higher than the previous week. Last week, dressed sales were reported from $300.00-300.50/cwt FOB the lot. Pick up dates were all over the map depending on which packer bought the cattle. Cattle were being scheduled anywhere from late November to mid-December delivery. Light volumes of AB fed cattle traded to the U.S. Depending on freight and dressing percentage, U.S. sales were working back to the mid 180’s/cwt FOB lot. Sales to the U.S. were at a premium over local deals. Alberta fed cash-to-futures basis was reported at -$23.35/cwt, for the end of October this is the weakest basis since 2004.

The Canfax average feeder steer price was $1.50/cwt higher, while heifer prices eased $0.50/cwt. Heifers weighting over 800 lb traded $2-4/cwt lower, while same weight steers traded steady to $2/cwt stronger. Alberta 5-600 lb steer and heifer price has strengthened for two consecutive weeks, gaining $3.50/cwt. Western Canadian calf and feeder indices closed the week at $261.08/cwt and $243.97/cwt respectively. Last week, Alberta auction volumes totaled 92,000 head, 3,000 head smaller than last year. Canadian feeder cattle exports to the U.S. for the week ending October 15th totaled 1,158 head, the smallest weekly feeder export volume to the U.S. seen this year.

Alberta D2 cows traded $6/cwt lower last week, and live trade was reported from $90‑109/cwt. D3 cows averaged $86.50/cwt. Butcher cow prices are at the lowest point since early April. Butcher bulls traded $3.50/cwt lower, averaging $127.50/cwt and trade was reported from $110-146/cwt. Canadian butcher bull exports to the U.S. for the week ending October 15th totaled 987 head, 45% higher than the same week last year.


  • 2023 global beef production is forecasted to be down 0.22% compared to 2022.
  • U.S. rib primal values are trading at the highest point this year.
  • With lower Alberta/ Saskatchewan feedlot placement this summer, fed supplies should start to tighten .


  • Based on five-year average Alberta fed basis levels historically weaken from October to November.
  • According to USDA for the end of September beef and pork in cold storage is larger than last year.
  • U.S. hide values have struggled, trading below the five-year average.

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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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Cattle Report

Updated: 08/12/2023


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Choice Steers

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Choice Heifers

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Boner Cows

Over 500 lbs: 189.75

Canadian Dollar

$73.76   0.18

Livestock Price Insurance Index

Expiry Fed Feeder Calf
26-Feb 212 278 -
25-Mar 216 280 -
22-Apr 220 284 -
20-May 224 292 -
17-Jun 230 302 -
15-Jul 224 - -
12-Aug 220 304 -
Last Updated on December 1, 2023

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