Canfax

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…

The Canfax fed steer and heifer price closed the week at around $193.50/cwt, $2.50/cwt higher than the previous week. Fed cattle prices have strengthened for nine straight weeks, gaining $12/cwt. Fed prices are within $9/cwt of their all-time highs set back in May 2015. Last week, dressed sales were reported from $323.50-325.50/cwt FOB the lot….

Alberta direct cattle sales saw light volume trade last week, with weighted average steer prices firming almost $2/cwt higher than the previous week. The bulk of sales were reported dressed from $320-321/cwt delivered. Feedlots continued to manage contract inventories and were generally not motivated cash traders. Heifer prices were comparable with steers, but sales were…

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…

The Canfax fed steer price closed the week at around $186/cwt, fully steady with the previous week. For early January this is the second-highest price on record; the only year that was higher was 2015. Last week, dressed sales were reported from $310.50-311/cwt FOB the lot. Cattle were being scheduled anywhere from the week of…

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…