Canfax

Canfax fed steer and heifer prices closed the week around $157/cwt, $0.25/cwt lower than the previous week. Last week dressed sales were reported from $262.00-263.50 FOB lot. Cattle that traded last week were being booked for late October/early November delivery. All three western Canadian packers procured cattle. Alberta fed cash to futures basis levels strengthened…

Over the past month fed prices have traded mostly sideways averaging from $156-158/cwt. On a cash to cash basis, Alberta fed prices have moved back to a premium against the U.S. market. Active trade was reported with all three Western Canadian packers buying cattle last week. Dressed sales were reported from $264-266/cwt delivered, and cattle…

The dominant topic in the cattle markets through the summer has been the weather. The drought, and resulting lack of grass, water, feed and record high feed costs have many on edge as they look at marketing strategies for their calves, and possibly even some breeding stock. The wide spread drought across the prairies resulted…

Fed cattle prices have now strengthened for five weeks in a row. Most dressed sales last week were reported from $264.00-265.50/cwt delivered and cattle that traded were being scheduled anywhere from the second half of September to early October delivery. After trading at a discount to the U.S. market for the past nine weeks, Alberta…

Over the past three weeks fed cattle prices have rallied $4/cwt moving back over $154/cwt. Light trade developed last week with the bulk of sales reported at $260/cwt delivered, and cattle were being scheduled for the second half of September delivery. For the week ending August 21st Western Canadian fed slaughter totaled just over 49,000…

Canfax fed steer and heifer prices closed the week around $153.25/cwt, $2.50/cwt higher than the previous week. Last week dressed sales were reported from $252.50-259.50 FOB lot. Cattle that traded last week were being booked anywhere from immediate to early October delivery. Alberta cash to futures basis weakened going from -$2.68 to -$4.25 last week. …

Last week’s dressed sales ranged from $253-254/cwt delivered. Cattle were being scheduled for the first half of September delivery. For the week ending August 7, Western Canadian cattle grading B4 totaled 735 head, the second largest volume seen all year. Warmer temperatures and possibly more overnight delivery cattle could be causing an increase in dark…

Canfax fed steer and heifer prices closed the week around $150/cwt, mostly steady with the previous week. Last week dressed sales were reported from $250.50-251.75 FOB lot. Cattle that traded last week were being booked for late August/early September delivery. On a cash-to-cash basis Alberta fed prices are trading at roughly $5.75/cwt discount against the…