Canfax

Western Canadian-fed prices have been steady for the past seven weeks, while Ontario and U.S. prices continue to advance. December is traditionally a strong month for the fed cattle market. However, enthusiasm has been muted by smaller fed slaughter volumes during the second half of this year and historically long pick-up times. Last week, dressed…

The Canfax fed steer and heifer price closed the week around $182.25/cwt, a couple dollars higher than the previous week. Last week, dressed sales were reported from $302.00-302.50/cwt FOB the lot. Cattle were being scheduled for the first half of January delivery. Light volumes of Alberta-fed cattle traded to the U.S. Depending on freight and…

Alberta fed prices have been disappointing relative to the U.S. market and a historically weak fed basis. Last week’s cash market did however establish new annual price highs. Dressed sales were reported at $304/cwt delivered, with cattle being scheduled for mid-December delivery. U.S. packer interest was quiet with no reported trade going south. For the…

The Canfax fed steer and heifer price closed the week at $181/cwt, $1/cwt higher than the previous week. Last week, dressed sales were reported from $300.00-300.50/cwt FOB the lot. Pick up dates were all over the map depending on which packer bought the cattle. Cattle were being scheduled anywhere from late November to mid-December delivery….

Cattle on feed numbers have started to tighten with smaller placements in June and July, resulting in the August 1st inventories being below year ago levels for the first time in over a year. While they remain above the five-year average, fed cattle marketings are expected to tighten throughout the second half of the year…

The Canfax fed steer and heifer price closed around $179.50/cwt, $1.75/cwt lower than the previous week. Last week, dressed sales were reported from $298.50-303.50/cwt FOB the lot. All three western Canadian packer bought cattle last week. Most of the cattle that traded were being scheduled for the first half of November delivery. The Alberta fed…

Alberta direct fed cattle sales clambered higher again last week to establish a new annual high. Steer prices were the strongest seen since May 2017. The bulk of sales were reported dressed from $300-305/cwt delivered. Light live trade was fully comparable with rail sales. Feedlots were motivated sellers, marketing heavier cattle in anticipation of future…

Traditionally this is the time of the year the fed market is putting in its summer low, instead the Western Canadian fed market continues to grind higher setting new annual price highs. Weekly dressed sales were reported from $302-304/cwt delivered, cattle that traded last week were being scheduled for the week of October 17th delivery….

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…

Overwhelmed with the buy/sell/hold decision for feed? Wondering what you can do to support your bottom line when you sell animals at the same time every year? Market analysts suggest honing in on the factors you can control, and identifying options to mitigate against risk. COVID-19, drought, and international turmoil took centre stage in market…