The Canfax fed steer and heifer price closed the week around $232.75/cwt, $0.50/cwt higher than the previous week. Fed cattle prices are $52/cwt higher than last year. Competition on the cash market was decent, with all three Western Canadian packers buying cattle. Last week, dressed sales were reported from $387.75‑389.50/cwt FOB the lot. Cattle that…
Read MoreAlberta fed steer prices climbed week over week for almost the entire first half of 2023, with only two of 26 weeks where prices slipped from the previous week. New all-time high prices near $248/cwt (live) were established in June. However, since the beginning of July and through the entire month of August, fed steer…
Read MoreLight Alberta cash trade saw dressed prices fully steady with the previous week at $390/cwt delivered. Weighted average steer prices closed the week fully steady at $232.80/cwt. Following previous large heifer marketings, heifer trade was limited last week, and a price trend was not established. All major packers procured cattle, and delivery dates varied from…
Read MoreThe Canfax fed steer price closed the week at around $231.75/cwt, $0.50/cwt lower than the previous week. Alberta fed prices have averaged in the low $230s/cwt for the past six weeks. Competition on the cash market was decent with all three Western Canadian packers buying cattle. Last week, dressed sales were reported from $387‑388.50/cwt FOB…
Read MoreThe bulk of Alberta cash sales were reported dressed at $390/cwt delivered. Light live trade was steady to stronger than rail sales from $232.00-233.25/cwt. This week’s cash basis strengthened modestly from last week, but continues to be seasonally weak at around $16/cwt. This did encourage U.S. buying interest but few, if any, cattle traded South….
Read MoreThe Canfax fed steer price closed the week at around $232/cwt, $0.50/cwt higher than the previous week. Last week, dressed sales were reported from $386.75‑387.50/cwt FOB the lot. Cattle that traded were being booked for the first half of October delivery. Alberta fed cash‑to‑futures basis levels weakened going from -$10.48/cwt to -$17.84/cwt. For the beginning…
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