market reports

Over the past five weeks, fed cattle prices have declined roughly $80/cwt on a dressed basis or over $700/head. This has been one of the largest price drops since covid. Fed cattle prices are trading at the lowest point since February. The Canfax average fed steer and heifer price closed around $313/cwt live, $9/cwt lower…

Seasonally, after the Easter holiday warmer weather is usually price supportive for the beef complex. Packer margins have improved in recent weeks with a stronger cutout and utilization. Alberta direct cattle saw light trade with dressed sales reported at $545.00/cwt delivered, $5.00/cwt stronger than the previous week. Buying interest was noted from all Western Canadian…

Last week, the Canfax average fed steer and heifer price closed around $321/cwt live, steady with the previous week. Buying interest was noted from all Western Canadian packers while U.S. inquiries were limited. Light trade was reported with dressed sales ranging from $535.50-539.00/cwt FOB the feedlot. In some instances, cattle were bought flat with no…

Eastern and Western Canadian fed prices have been moving in opposite directions as of late. Eastern Canadian fed prices were the lowest seen this year, while Western Canadian fed prices established new record highs. Last week, light to moderate trade was reported with dressed sales at $540.00/cwt delivered. Cattle that traded were scheduled for early…

Last week, the Canfax average fed steer and heifer price closed on either side of $320/cwt live, holding at record high levels. Buying interest was noted from all Western Canadian packers but competition on the cash market was limited. Light trade was reported with dressed sales ranging from $523.50–536.50/cwt FOB the feedlot. In some instances,…