Canfax

The Canfax fed steer and heifer price closed the week at around $225/cwt, mostly steady with the previous week. Seasonally, yearling supplies are declining, while fed calf volumes remain light. Last week, dressed sales were reported from $377-380.50/cwt FOB the lot. Most of the cattle that traded were being scheduled for the first half of…

With fed prices moving above $220/cwt, feedlot margins have gone from negative to positive, and lift times have tightened considerably. From a supply perspective, the market is currently in the process of working through what could be the tightest market-ready numbers that we could see all year. Yearling supplies are winding down, while fed calf…

Alberta-fed steers climbed over $3/cwt last week to $217.59/cwt live FOB the lot. Alberta steer prices have rallied $9.70/cwt in the last four weeks, while steer carcass weights have dropped 23 lb in the west. Steer weights are now 53 lb below year-ago levels and 15 lb lighter than the five-year average. There was insufficient…

The Canfax fed steer and heifer price closed the week at around $213.50/cwt, $2.75/cwt higher than the previous week. Fed prices have traded higher for 15 consecutive weeks, gaining $31/cwt. Last week, dressed sales were reported from $351.50-360.50/cwt FOB the lot. Most of the cattle that traded were being scheduled for mid-April delivery. Competition on…

Alberta fed steers climbed over $4/cwt last week and closed at $350.70/cwt dressed in a wide $349-355.50/cwt range FOB the lot. Sale volumes were light with only 3,833 head trading. Repeatability on heifer trade was not fully established. Lift times are one to two weeks out, though some feedlots are opting for May delivery. YTD…

The Canfax fed steer and heifer price closed the week at around $207/cwt, $3.75/cwt higher than the previous week. Fed prices have traded higher for thirteen consecutive weeks, establishing new record highs. Last week, dressed sales were reported from $345.75-346.50/cwt FOB the lot. Competition on the cash market was limited, with one packer buying most…

Closing at $203.90/cwt and $210.13/cwt respectively, both Western and Eastern Canadian fed steer prices set new all-time highs. In Western Canada, dressed sales were reported at $342/cwt delivered. Cattle were being scheduled for the second half of March delivery. A few Alberta fed cattle were marketed to the U.S. on a five areas formula basis….

The Canfax fed steer and heifer price closed the week at around $201/cwt, $3.50/cwt higher than the previous week. Last week dressed sales reported from $335-336.50/cwt FOB lot. Dressed fed cattle prices are within $4/cwt of their all-time highs set back in May 2015. Competition on the cash market was limited with one packer buying…

The Canfax fed steer and heifer price closed the week at around $197.50/cwt, $1.50/cwt higher than the previous week. Fed cattle prices have strengthened for 10 consecutive weeks. Last week dressed sales reported from $330.50-333.50/cwt FOB lot. On most sales, cattle were purchased flat with no heavy-weight carcass discounts. Most of the cattle that traded…

Moderate volume fed trade last week saw dressed prices steady to $3/cwt higher than the previous week. The bulk of sales were reported dressed at $328/cwt delivered in a full $327-328/cwt delivered trade range. U.S. buyers once again procured Canadian cattle on the five-area average. Cash sales also developed at USD $250/cwt delivered and worked…