Canfax Research Services

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…

Alberta fed steers and heifers closed the week at $303.00/cwt and $301.00/cwt respectively, steady with the previous week. Dressed sales were reported from $505.00–508.00/cwt delivered, mostly at $508.00/cwt, also steady with the previous week. Competition on the cash market was limited. Cattle that traded were scheduled anywhere from immediate to the second half of February…

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…

The Western Canadian fed market was a little disappointing given dressed sales in Eastern Canada were $10–20/cwt stronger last week. Last week, the Canfax average fed steer and heifer price closed around $294/cwt live, fully steady with the previous week. Light trade was reported with dressed sales ranging from $492.00–493.50/cwt FOB the feedlot. Competition on…

Alberta fed steers and heifers closed the week trading at $286 and $283/cwt respectively, down $9/cwt from the previous week. The live cattle futures complex traded limit down on Monday, November 24 before rebounding mid-week. The U.S. Thanksgiving holiday contributed to softer beef demand. Dressed sales were reported at $475–485/cwt delivered, $10–15/cwt lower than the…