AB Direct - Steers

Live: ---
Rail: ---

AB Direct - Heifers

Live: ---
Rail: ---

US Trade- Steers

Live: 135.00-138.00 (TX, KN)
Rail: 225.00-228.00 (NE, IA)

US Trade - Heifers

Live: 135.00-136.00 (TX,KN)
Rail: 225.00-228.00 (NE, IA)

Canadian Dollar

$77.30
0.51
October 4, 2021

Canfax Weekly Article | Report for the week of October 4, 2021

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.

Bull

  • Alberta D2 cow prices are at the highest point in seven weeks.
  • According to USDA, hog and pig inventory on September 1st was down 4% compared to last year.
  • By-product values continue to be strong, trading well above last year.

Bear

  • Western Canadian steer carcass weights are record large for the month of September.
  • Alberta fed basis levels historically weaken from September to October.
  • In western Canada, lift times have started to stretch out, and packers seem to have their October slaughter needs mostly covered.

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

Share this on

Leave a Reply

Your email address will not be published.

Top Stories

August 5, 2022 Checking in with ABP

July Auction Market Update

August 2, 2022 Issues & Insights

What We're Reading | Optimism has returned with the rains for the cattle sector

August 2, 2022 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of August 1, 2022

Cattle Report

Updated: 05/08/2022

Steers

Live: ---
Rail: ---

Heifers

Live: ---
Rail: ---

Choice Steers

Live: 135.00-138.00 (TX, KN)
Rail: 225.00-228.00 (NE, IA)

Choice Heifers

Live: 135.00-136.00 (TX,KN)
Rail: 225.00-228.00 (NE, IA)

Boner Cows

Over 500 lbs: US$ 166.08

Canadian Dollar

$77.30   0.51

Livestock Price Insurance Index

Expiry Fed Feeder Calf
31-Oct 174 226 -
28-Nov 172 222 -
23-Jan 184 224 -
20-Feb 184 226 -
20-Mar 184 228 -
17-Apr 192 228 -
Last Updated on August 4, 2022