Canfax

Light dressed trade saw prices steady to $2/cwt lower than thin trade seen the previous week from $388-390/cwt delivered. Light live trade was comparable from $230-231.25/cwt. Weighted average steer prices trended steady, with scant trade seen previously closing the week at $231.76/cwt. Scattered light heifer trade was not repeatable, and a weekly price trend was…

Sale volumes were too light to establish a weighted average Alberta fed price, but the market tone was steady to weaker. From their highs in June, fed prices have dropped 6%. Competition on the cash market was limited, as packers seem to have a lot of cattle around them. Last week, dressed sales/bids ranged from…

The Alberta dressed fed trade range was comparable with the previous week from $388-393/cwt delivered. More cattle were procured at $388/cwt delivered, and the weighted average price was pressured almost $2/cwt lower. Weighted average steer prices have now slipped lower for eight straight weeks and are the lowest seen since May 12. YTD Western fed…

Fed cattle prices have found some stability, averaging in the mid $230/cwt for the past couple of weeks. Light trade was reported last week, with dressed sales ranging from $391-393/cwt delivered; cattle were being scheduled for mid to late September delivery. With good late summer feeding conditions, and lift times now 30+ days out, carcass…

The Canfax fed steer price closed the week at around $235/cwt, $0.25/cwt lower than the previous week. From their highs in late June, prices have declined $12/cwt. Last week, dressed sales were reported from $388.50-393.50/cwt FOB the feedlot. Cattle that traded were being scheduled for early September delivery. Last week, Alberta fed prices were estimated…

From their highs in late June, fed cattle prices have declined $12/cwt. The leverage shift from cattle feeder to packer is seasonally occurring, reflected in softer prices and weaker basis levels. That said, fed prices for July will average around $240/cwt, the second-highest monthly price on record. Dressed sales were reported at mostly $395/cwt delivered….

Western Canadian fed cattle prices continued to soften as we head into the dog days of summer. This is not unusual; between June and August, fed steer prices have softened in seven of the last ten years, and 13 of the last 20 years. Steers eased $1.50/cwt lower to $238/cwt, and heifers were down $1/cwt…

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…