canfax cattle market update

The Canfax average fed steer and heifer price closed around $352.50/cwt live, $3.50/cwt higher than the previous week. Fed cattle prices established new highs. This is the sixth consecutive year that first-half price highs have been established in June. Buying interest was noted from all Western Canadian packers with dressed sales ranging from $586–$589/cwt FOB…

Alberta fed steers and heifers made new highs last week. Seasonally, fed prices are expected to make a summer peak in the coming weeks. Dressed sales were reported stronger than the previous week. Buying interest was noted from all Western Canadian packers. Cattle were scheduled for first half of June to mid-July delivery. U.S. interest…

The fed cattle market has put together an impressive run, strengthening for the past seventeen weeks. The combination of new market access to China, tighter cattle supplies, and the seasonal spring rally have all been supportive. Beef production is slightly below last year, yet prices are 16 per cent higher than last year. Dressed sales…

Alberta weighted average fed steers closed the week just north of $315/cwt, while heifers were at $313/cwt. Dressed sales were reported from $520–530/cwt delivered, $5–7/cwt stronger than the prior week. Cattle that traded were scheduled from immediate to the first half of March delivery. U.S. packer interest was noted, but no sales were confirmed. Cattle from Saskatchewan…

Last week, the Canfax average fed steer and heifer price closed around $310/cwt live, $3/cwt higher than the previous week. Buying interest was noted from all Western Canadian packers. Light trade was reported with dressed sales ranging from $515.25–523.00/cwt FOB the feedlot. Cattle that traded were being scheduled anywhere from immediate to mid March delivery. U.S. packer…

From a supply perspective, fed calf supplies are declining while yearling volumes are increasing. As more summer-placed yearlings enter the slaughter mix, carcass weights have started to seasonally decline. Last week, the Canfax average fed steer and heifer price closed around $301.50/cwt live, $4/cwt higher than the previous week. Since late November, fed prices have…