markets

Alberta last week weighted average fed steer and heifer closed the week around $257/cwt live, fed prices dropped $8.70/cwt after reaching an all-time high back in early June; but appear to have stabilized. Last week, dressed sales reported at $428/cwt delivered, traded steady for the last four weeks. Cattle that were traded are scheduled for…

In Alberta last week, weighted average fed steer and heifer prices closed the week around $255/cwt live, $2/cwt lower than the previous week. Last week, buying interest was noted from all three Western Canadian packers and dressed sales were reported from $425.75-427.50/cwt FOB the feedlot. Most of the cattle that traded were scheduled anywhere from…

In Alberta last week, weighted average fed steer and heifer prices closed the week around $249.25/cwt live, $6/cwt higher than the previous week. Fed cattle prices established new record highs. Competition on the Western Canadian market was good with packers actively making inquiries for cattle. Last week, a stronger price tone was noted from Wednesday…

In Alberta last week, fed steer and heifer prices closed at $242-244/cwt live, up $5-6 from the previous week. Dressed sales were reported from $400-415/cwt delivered. This brought fed prices back to the historical high observed in June 2023. There was good packer interest and cattle traded are expected to be delivered within one-to-two weeks,…

Sale volumes were too light to establish a weighted average fed price, but the market tone was steady. Last week dressed sales and bids were reported $362-365/cwt delivered. U.S. packer interest was noted but no cash sales were confirmed. The few cattle that traded were scheduled for March delivery. Tentatively Alberta fed cash-to-futures basis did…

Many feedlots have indicated a large percentage of their cattle for the first quarter of this year are contracted and cash numbers will be light. With packers having a large percentage of their cattle procured via contracts, cash leverage has been limited and this trend might continue over the next couple of months. Over the…