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CanFax Articles

First Quarter 2024 Basis Update

First Quarter 2024 Basis Update

Relatively tighter front-end US inventories steadily pulled US fed steer prices higher of late, climbing 9% from the beginning of January to the middle of March. Alberta and Ontario fed steer prices have lagged behind the US market, though both regions had a 7% increase since the beginning of the year.....

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USDA Cattle on Feed

USDA Cattle on Feed

USDA released its March 1st cattle on feed report this afternoon, marking the sixth consecutive month that cattle on feed inventories have been above last year. This month’s report should be viewed as negative, with February placements not only larger than pre-report estimates but also exceeded top-end industry estimates of 8.8%. March 1st cattle on feed inventory totaled 11.8 million head, 1% larger than last year....

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2023 - Year in Review

2023 - Year in Review

Feed grain prices moderated throughout 2023, supporting feeder prices. On a deflated basis (1992=100) most classes of feeder and fed cattle in Alberta and Ontario approached previous all-time high prices. Domestic beef production declined 5%, as drought across North America over the last three years moved heifers into feedlots. Beef export volumes declined slightly; but values were record high...

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What's New?

  •   3.22 - Mar 1, USDA Cattle on Feed
  •   3.15 - Mar 1, AB/SK Cattle on Feed
  •   2.29 - Year in Review
  •   2.29 Canadian Weather Outlook, Feb 2024
  •   2.29 - Canfax Annual Report, 2023

Chart of the Week

Chart of The Week

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