Canfax fed steer and heifer prices closed the week around $155.50/cwt, $1/cwt higher than the previous week. Fed prices have trended higher for four straight weeks. Last week dressed sales were reported from $259.75-261.50 FOB lot. Cattle that traded last week were being booked anywhere from the middle to late September. Alberta fed cash to futures basis levels weakened going from -$2.15 to -$4.68/cwt last week.
Last week the Canfax average feeder steer and heifer prices closed the week $1.50-2.25/cwt higher. Calves and light weight stockers traded $2-8/cwt higher. Alberta 8-900 lb feeders traded $1-4/cwt higher setting new annual price highs. On a cash-to-cash basis Alberta calf and feeder prices are still at a slight premium to the U.S. Alberta weekly auction volumes totaled just over 35,000 head. Canadian feeder cattle exports to the U.S. for the week ending August 21st totaled 6,004 head.
Last week Alberta D2 cow prices traded fully steady and live trade was reported from $70-84/cwt. D3 cows averaged $67.50/cwt. Butcher bulls traded $2/cwt lower to average $105/cwt and live trade was reported from $92-125/cwt. Canadian butcher bull exports to the US for the week ending August 21 totaled 1,330 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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