Photo: Canada Beef

Fed, feeder cattle prices in record-high range

Prepared by the staff of Canfax and Canfax Research Services, divisions of the Canadian Cattle Association

Fed cattle found substantial tailwinds, making new record-high prices in March 2023. Feeder prices in the first quarter of 2023 are approaching the record highs from 2015. Strong cattle prices are being supported by tighter North American supplies. Following two years of drier conditions, Canadian and U.S. cattle inventories were lower to begin 2023. Fed […] Read more

Photo: Canada Beef Inc.

Klassen: Feeder market remains firm on fed cattle strength

Alberta's disastrous wildfires may disrupt calf marketings

Compared to last week, western Canadian prices for yearlings over 800 lbs. were quoted steady to $4 higher; feeders between 600-800 lbs. were relatively unchanged while calves under 600 lbs. were $5-$10 higher. The market for calves under 600 lbs. was hard to define due to limited volumes. Alberta packers were buying fed cattle on […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle supplies remain snug

Feedlots expect significantly cheaper barley come harvest

Compared to last week, western Canadian feeder cattle markets traded $3-$4 on either side of unchanged. Premium low-flesh yearlings were one off bids $15-$20 above average. Cattle buyers commented that there were larger volumes of fleshier yearlings. Cattle with heavier butter levels were discounted from our listed values by $5 to as much as $10. […] Read more

Photo: Canada Beef

Klassen: Positive feeding margins lift feeder complex

Futures continue percolating higher

Compared to last week, western Canadian yearlings traded steady to $5/cwt higher. Feeders in the 650- to 800-lb. category appeared to jump $4/cwt to as much as $8/cwt in some cases. Calves under 650 lbs. were up $5-$10/cwt. Alberta packers were buying fed cattle in southern Alberta on a live basis at $222/cwt f.o.b. the […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market factors in lower barley prices

Strength in deferred live cattle futures also supportive

Compared to last week, western Canadian yearlings over 800 lbs. jumped $4 to as much as $10 in some cases. Steers in the 700- to 800-lb. category appeared to be up $10-$12 while similar-weight heifers were up $8-$10. Calves under 700 lbs. were up $10-$20. The feeder market was hard to define in some cases. […] Read more

Photo: Canada Beef

Fed cattle prices reach new highs

The Markets with Deb McMillin, from the April 2023 issue of Canadian Cattlemen

Fed cattle Fed cattle prices in Canada reached new highs during the second week of March. Urged higher by tightening supplies, smaller beef production, solid demand and stronger cutout values, the average fed steer price reached $203.90/cwt in Alberta. An average of $203.90/cwt is an improvement of nearly 10 per cent or $17.86/cwt since the […] Read more


Cattle herd poised to expand while economy cools

Cattle herd poised to expand while economy cools

Market Update with Jerry Klassen: A small change in supply has a large influence on the price

Several studies from universities in Canada and the U.S. analyze the financial returns for feedlot operations. Feeding cattle is a pure competitive market. One characteristic of a pure competitive market is that the margins drop to the least-cost producer. In the long run, the margins are negative. Two other characteristics are unique to the cattle […] Read more

Fed cattle supply is expected to tighten in the near term and demand for beef products through the spring will seasonally increase.

Beef demand remains strong, cattle supply expected to tighten

The Markets with Deb McMillin, from the March 2023 issue of Canadian Cattlemen

Fed cattle Since the start of 2023, the fed cattle cash market has continued to grind higher. By mid-February, the Alberta fed steer price was $194.10/cwt, which is more than an $8/cwt improvement since the start of 2023, and over $34/cwt higher than the same week in 2022. Although prices have improved, the Canadian market […] Read more


Cattle-on-feed numbers rise, feed costs remain at ‘record-high levels’

Cattle-on-feed numbers rise, feed costs remain at ‘record-high levels’

The Markets with Deb McMillin, from the February 2023 issue of Canadian Cattlemen

Fed cattle Smaller slaughter numbers and lighter carcass weights through the holidays led to a stronger cash price as we started the new year. The first week of trade in 2023 ended with an average of $186.04/cwt, which was $1.54/cwt higher than the end of 2022 and over a $3/cwt improvement from the December low. […] Read more

Despite high feed grain costs and seasonally larger supplies, the feeder calf market has held on considerably well.

Fed cattle market struggles, feeder exports seen slower

The Markets with Deb McMillin, from the December 2022 issue of Canadian Cattlemen

Fed cattle The local fed market continues to struggle. The wide basis has started to encourage additional U.S. buyer interest, but large carcass weights and longer lift times are making it difficult to stay current. Steer carcass weights are at near-record levels, at 972 lbs. in mid-November, which compares to 946 lbs. last year. The […] Read more