The Canfax fed steer and heifer price closed around $179.50/cwt, fully steady with the previous week. Last week, dressed sales were reported from $299.50-301.50/cwt FOB the lot. Lift times were all over the map depending on who bought the cattle. Cattle that traded last week were being scheduled for late September/mid-October delivery. The Alberta fed cash-to-futures basis weakened from -$5.74/cwt to -$9.30/cwt last week. For the beginning of September this is the weakest basis since 2013. Western Canadian fed slaughter for the week ending September 3rd totaled over 43,000 head, 1% lower than the same week last year.
The Canfax average feeder steer and heifer price closed the week $1.50/cwt higher. Over the past five weeks, Alberta 550 lb calf prices have strengthened $27/cwt. For the beginning of September this is the second highest calf prices on record. Last week steers and heifers weighing from 8-900 lb traded steady to 5/cwt higher and are $44-46/cwt higher than last year. The Western Canadian feeder index closed the week at $245.55/cwt, up $4.94/cwt. Last week Alberta auction volumes totaled just over 37,000 head, 13,000 head smaller than last year. Canadian feeder cattle exports to the U.S. for the week ending August 27th totaled 4,395 head, the largest weekly export volumes since early June.
Hear Brenna Grant, Executive Director, Canfax in conversation with Debra Murphy, Host of ABP’s The Bovine.
Competition on the non-fed market was limited with only one packer buying cows last week. Alberta D2 cows traded $6.50/cwt lower last week, and live trade was reported from $98‑115/cwt. D3 cows averaged $93.75/cwt. Butcher bulls traded $5/cwt lower, averaging $123/cwt and trade was reported from $110-140/cwt. Canadian butcher bull exports to the U.S. for the week ending August 27th totaled 1,118 head, 2% lower than the same week last year.
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.
Leave a Reply