Canfax

Since the start of January, fed prices have rallied 33%, the third-largest first half of the year price rally over the past 50 years. The fed market has just recently exhausted its upward climb, as prices have declined around $8/cwt over the past three weeks. The last time fed prices declined for three consecutive weeks…

The Canfax fed steer price closed the week at around $242/cwt, $2.50/cwt lower than the previous week. This is the second week in a row that prices have declined. Last week, dressed sales were reported at mostly $406/cwt delivered. Most of the cattle that traded were scheduled for early August delivery. Alberta fed cash-to-futures basis…

Cow-calf pairs and yearling grassers are working away, turning marginal land and perennial grasses into high-value food for Canadian consumers. Now that calving and planting are in the rear-view mirror, talk has turned to expectations for the calf and feeder market this fall. The Canadian beef cow herd as of January 1 is down 2.5…

The Canfax fed steer price closed the week at around $246.75/cwt, $0.50/cwt higher than the previous week. The story has pretty much been the same over the past few weeks – higher prices and new record highs. Last week, dressed sales were reported from $409.25-413.50/cwt FOB the feedlot. Cattle that traded were being scheduled anywhere…

Fed cattle supplies are the most current they have been in some time. Feedlot margins have just recently turned positive. Steer and heifer calves (550lb) placed in September 2022 and sold on the cash market in June 2023 are $300-400/head positive. For the month of June, this stands as the fourth-highest return for steer and…

The Canfax fed steer price closed the week at around $245.50/cwt, $3.75/cwt higher than the previous week. Over the past six weeks, fed prices have rallied $20/cwt. Last week, dressed sales were reported $406.50-410.50/cwt FOB the feedlot. Cattle that traded were being scheduled anywhere from immediate delivery to the first half of July delivery. Feedlot…

Fed cattle prices once again established new highs, and weighted average steer prices closed above $240/cwt. Competition on the cash market was good, with both major packers buying cattle. Dressed sales were reported from $400-405/cwt delivered. Most of the cattle that traded would be picked up in one to two weeks. There were a few…

The Canfax fed steer and heifer price closed the week at around $237.25/cwt, $2/cwt higher than the previous week. Fed prices have strengthened in 22 out of the past 23 weeks. Last week, dressed sales were reported $395.50-398.50/cwt FOB the feedlot. Cattle that traded were being scheduled anywhere from immediate delivery to the second half…

The Western Canadian fed market still has wind in its sails, whereas this has not necessarily been the case for Ontario and the U.S., as both of these markets have either traded steady or lower. Trading $5.50/cwt higher, Western Canadian fed prices averaged over $237/cwt. With higher prices and stronger basis levels, producers did end…

The Canfax fed steer and heifer price closed the week at around $230.75/cwt, mostly steady with the previous week. Fed cattle prices contnue to trade at record high levels. Fed calf supplies continue to be light and many producers were indicating calves need more days on feed before they are marketed.  Last week, dressed sales…