Canfax

The Canfax fed steer price closed the week at around $189.75/cwt, fully steady with the previous week. Last week, dressed sales were reported from $315-318.50/cwt FOB the lot. Cattle were being scheduled anywhere from mid-February to early March delivery. All reported cash sales traded locally, and U.S. packer interest was quiet. On a cash-to-cash basis,…

Alberta direct cattle sales saw moderate volume trade last week, with weighted average steer prices firming $3/cwt higher than the previous week. The bulk of sales were reported dressed from $315-317/cwt delivered. Local live trade was also reported comparable with rail sales at $187.75/cwt. A significant portion of last week’s cash offering traded south at…

Most Alberta direct cash trade last week was $1/cwt higher than the thin trade seen the previous week at $310/cwt delivered. U.S. bids of US$238/cwt delivered worked back to around a $4.50/cwt live equivalent premium to local rail bids at $190.50/cwt FOB the feedlot. Additional local live cattle sales were reported from $183-183.25/cwt. Kill schedules…

The Canfax fed steer price closed the week around $184/cwt, $1/cwt higher than the previous week. Last week, dressed sales were reported from $304.50-305.50/cwt FOB the lot. Cattle were being scheduled for the second half of January delivery. Light volumes of Alberta-fed cattle traded to the U.S. Depending on freight and dressing percentage, U.S. sales…

This past year has been a challenging one with high feed prices. Severe drought in the U.S. corn belt and the Midwest U.S., as well as global food concerns due to the Russia/Ukraine conflict, resulted in record high prices barley prices this spring when prices touched $475/tonne in May. A brief reprieve occurred in July…

Alberta dressed sales last week were reported from $304-305/cwt delivered. Cattle that traded were being scheduled for the second half of January’s delivery. Light volumes of Alberta cattle traded to the U.S. at USD $236/cwt delivered. Sales to the U.S. were at a $5-6/cwt live premium over local deals. For the week ending December 11th,…

Setting new annual price highs, the Canfax fed steer price closed the week around $185.50/cwt, $2/cwt higher than the previous week. Last week, dressed sales were reported at $303.50/cwt FOB the lot. Cattle were being scheduled for mid to late January delivery. Light volumes of Alberta-fed cattle traded to the U.S. Depending on freight and…

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…

The seasonal shift of leverage from the packer to the cattle feeder has not materialized, as packers continue to have the upper hand on the market. Packers were also limiting the amount of cattle they were buying from each producer. Dressed sales ranged from $304-305/cwt, $1-4/cwt higher than the previous week. Cattle were being booked…