Canfax

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. …

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…

Canfax fed steer and heifer prices closed the week around $150/cwt, mostly steady with the previous week. After dropping $14/cwt since June the fed market has found some stability averaging in the low $150s/cwt for the past three weeks. Last week dressed sales were reported from $248.50-251.50/cwt FOB the lot. Most of the cattle that…

Alberta direct cattle sales saw light to moderate cash trade last week with weighted average steer prices easing $1.73/cwt lower than the previous week. Dressed prices were steady to $5/cwt lower than the previous week from $252-253/cwt delivered. Light live trade was reported comparable with rail sales. Recent western Canadian fed slaughter totaled 52,919 head…

Canfax fed steer and heifer prices closed last week around $151.75/cwt, $3/cwt lower than the previous week. Fed cattle prices have declined for five straight weeks, and over that timeframe have dropped $12.50/cwt. Last week dressed sales were reported from $251.50-255.50/cwt FOB the lot. Most of the cattle that traded were being scheduled for the week of August 9th delivery. Competition on the cash…

Alberta direct cattle sales saw moderate volume trade last week with weighted average prices closing $2.28 and $3.14/cwt lower than the previous week for steers and heifers respectively. Dressed prices were generally $3-4/cwt lower than the previous week’s rail average in a full $258-263/cwt delivered trade range. Light live trade was reported comparable with rail…

Canfax fed steer and heifer prices closed last week around $157.50/cwt, $5/cwt lower than the previous week. Dressed sales were reported from $260.50-264.50/cwt FOB the lot. All three Western Canadian packers procured cattle last week. In some instances, packers were limiting the amount of cash cattle they were buying from each producer. Most of the…

Canfax fed steer and heifer prices closed last week around $162.25/cwt, $2/cwt lower than the previous week. The last time fed prices averaged over $160/cwt in June was back in 2015, other than 2015 this stands as the second strongest price for June on record. Last week dressed sales were reported from $270-272/cwt FOB the…