Canfax fed steer and heifer prices closed the week around $157/cwt, $0.25/cwt lower than the previous week. Last week dressed sales were reported from $262.00-263.50 FOB lot. Cattle that traded last week were being booked for late October/early November delivery. All three western Canadian packers procured cattle. Alberta fed cash to futures basis levels strengthened going from +0.89 to +4.65/cwt last week. Western Canadian fed slaughter for the week ending September 25 was 6% larger than last year.
Last week the Canfax average feeder steer and heifer price closed the week $0.50-$2.00/cwt lower. The largest price declines were on heifer calves with prices down $3-4/cwt. Demand for yearlings off grass continues to be strong as prices are trading very close to annual highs. On a cash-to-cash basis, Alberta calf and feeder prices are trading at a premium to the U.S. market. Alberta weekly auction volumes totaled just over 35,000 head. Canadian feeder cattle exports to the U.S. for the week ending September 18 totaled 3,162 head.
Last week Alberta D2 cow prices traded $1.25/cwt higher and live trade was reported from $74-88/cwt. D3 cows averaged $71/cwt. Butcher bulls traded fully steady to average $105/cwt and live trade was reported from $91-120/cwt. Canadian butcher bull exports to the U.S. for the week ending September 18th totaled 943 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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