The market psychology has dramatically shifted over the past few weeks. Fed prices ground higher over the first six months of the year; however, now prices are coming off in chunks. The Canfax average fed steer and heifer price closed around $330/cwt live, $10/cwt lower than the previous week. Packer competition on the cash market…
This is the time of the year where fed prices generally grind lower. However, this week’s break is notable for its magnitude. Weighted average steer prices were just north of $340/cwt, $13/cwt or 3.7 per cent lower than last week. This was the largest week-over-week decline since early 2022. Weighted average heifer prices were at…
Canfax is inviting Canadian beef producers and industry stakeholders to share their perspectives through a stakeholder survey designed to help guide the future of its market information services. As a membership-funded, not-for-profit organization, Canfax provides voluntary price reporting and cattle market information to the Canadian cattle industry. Members receive access to publications, data services and…
The Canfax average fed steer and heifer price closed around $355/cwt live, $3.50/cwt higher than the previous week. From a seasonal perspective, the market should be in the process of putting in annual highs. Alberta fed prices are trading at a $10/cwt (live) premium over the Eastern Canadian market. Competition on the cash market was…
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…
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…
Last week, the Canfax average fed steer and heifer price closed around $331/cwt live, up slightly from the previous week. Fed prices did establish new highs last week. Buying interest was noted from all Western Canadian packers. Light trade was reported with dressed sales ranging from $548.50–$553.75/cwt FOB the feedlot. Lift times were all over…
Alberta fed steer and heifer trade was $2.00-3.00/cwt higher this week with a weighted average price at $332/cwt and $329/cwt respectively. Dressed sales were reported from $550.00-555.00/cwt delivered, $3.00-4.00/cwt higher than the previous week. Buying interest was noted from all Western Canadian packers. Most of the cattle traded were scheduled for the first half of…
A tighter calving season can make a noticeable difference in calf performance and overall herd profitability. Concentrating births into a defined period increases average weaning weight, improves marketing opportunities, and can simplify herd management. If a tighter calving window could add pounds at weaning and dollars to your bottom line without extra cost, what’s holding…
The Western Canadian fed market has worked higher since the beginning of the year gaining $31/cwt or close to $500/head. Last week, the Canfax average fed steer and heifer price closed around $328/cwt live, up $3.50/cwt from the previous week. From a supply perspective, seasonally yearling numbers are declining while fed calves are still a…
Alberta weighted fed steers and heifers closed the week at $321.00 and $319.00/cwt respectively, $1.00/cwt stronger than the previous week. This is the smallest week-over-week rally since January. Dressed sales were reported from $535.00–539.00/cwt delivered, $4.00–5.00/cwt stronger. Cattle that traded were scheduled from immediate to early April delivery. This is the second consecutive week that…
Since the start of the year, fed prices have rallied $22/cwt or 7 per cent. Last week, the Canfax average fed steer and heifer price closed around $319/cwt live, a new record high. Buying interest was noted from all Western Canadian packers. Light trade was reported with dressed sales ranging from $527.50–533.50/cwt FOB the feedlot….
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