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AB Direct - Steers
AB Direct - Heifers
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US Trade- Steers
Live: 183.00 (TX, KN), 184.00 (NE)
Rail: 290.00 (IA)
Rail: 290.00 (IA)
US Trade - Heifers
Live: 183.00 (TX, KN) 184.00 (NE)
Rail: 290.00 (IA)
Rail: 290.00 (IA)
Canadian Dollar
$74.06
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Current Markets & Forecasts
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October 5, 2023
Current Markets & Forecasts
Canfax Cattle Market Update | Fed market taking a breath, first half feedlot placements lower
Alberta fed steer prices climbed week over week for almost the entire first half of 2023, with only two of 26 weeks where prices slipped from the previous week. New all-time high prices near $248/cwt (live) were established in June. However, since the beginning of July and through the entire month of August, fed steer…
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September 25, 2023
Current Markets & Forecasts
Canfax Weekly Article | Report for the week of September 25, 2023
The Canfax fed steer price closed the week at around $231.75/cwt, $0.50/cwt lower than the previous week. Alberta fed prices have averaged in the low $230s/cwt for the past six weeks. Competition on the cash market was decent with all three Western Canadian packers buying cattle. Last week, dressed sales were reported from $387‑388.50/cwt FOB…
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September 20, 2023
Current Markets & Forecasts
The Bovine: Ryan Copithorne’s market outlook for Fall 2023
Welcome to another edition of The Bovine! On this episode, you’ll hear from Ryan Copithorne, rancher and owner of Cows In Control Inc., on what’s happening in the cattle market, plus cautions and opportunities to keep an eye out for this fall. This episode was recorded this summer at the 2023 Canadian Beef Industry Conference…
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September 11, 2023
Current Markets & Forecasts
Canfax Weekly Article | Report for the week of September 11, 2023
The Canfax fed steer price closed the week at around $232/cwt, $0.50/cwt higher than the previous week. Last week, dressed sales were reported from $386.75‑387.50/cwt FOB the lot. Cattle that traded were being booked for the first half of October delivery. Alberta fed cash‑to‑futures basis levels weakened going from -$10.48/cwt to -$17.84/cwt. For the beginning…
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September 5, 2023
Current Markets & Forecasts
Canfax Weekly Article | Report for the week of September 4, 2023
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…
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August 28, 2023
Current Markets & Forecasts
Canfax Weekly Article | Report for the week of August 28, 2023
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…
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August 21, 2023
Current Markets & Forecasts
Canfax Weekly Article | Report for the week of August 21, 2023
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…
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August 14, 2023
Current Markets & Forecasts
Canfax Weekly Article | Report for the week of August 14, 2023
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…
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August 8, 2023
Current Markets & Forecasts
Canfax Weekly Article | Report for the week of August 7, 2023
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…
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July 31, 2023
Current Markets & Forecasts
Canfax Weekly Article | Report for the week of July 31, 2023
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….
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July 24, 2023
Current Markets & Forecasts
Canfax Weekly Article | Report for the week of July 24, 2023
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…
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July 17, 2023
Current Markets & Forecasts
Canfax Weekly Article | Report for the week of July 17, 2023
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…
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Cattle Report
Updated: 27/09/2023
Steers
Live: ---
Rail: ---
Heifers
Live: ---
Rail: ---
Choice Steers
Live: 183.00 (TX, KN), 184.00 (NE)
Rail: 290.00 (IA)
Choice Heifers
Live: 183.00 (TX, KN) 184.00 (NE)
Rail: 290.00 (IA)
Boner Cows
Over 500 lbs: US $214.21
Canadian Dollar
$74.06 0.02
Livestock Price Insurance Index
| Expiry | Fed | Feeder | Calf |
|---|---|---|---|
| 18-Dec-23 | 232 | 322 | - |
| 15-Jan-24 | 236 | 322 | - |
| 12-Feb-24 | 238 | 332 | - |
| 11-Mar-24 | 238 | 332 | - |
| 8-Apr-24 | 244 | 338 | - |
| 6-May-24 | 248 | 340 | - |
| 3-Jun-24 | 252 | 348 | - |
Last Updated on September 21, 2023
