2020 Canada-Alberta Fed Cattle Feed Cost Offset Initiative

Overall, the initiative compensates producers for the extraordinary cost of keeping slaughter-ready cattle on maintenance rations due to industry disruptions related to COVID-19. Beef producers can hold on to market-ready cattle for several weeks, allowing the supply of animals to more evenly match demand and processing capacity.

The final bid process was held the week of January 18, 2021.

Accepted Bids

Week of January 18

• 27,635 head were accpeted into the Fed Cattle Set-Aside
• Average bid price $1.45
• Animals accepted for set aside this week will be released March 26, 2021

Week of January 11

• 10,357 head were accepted for set aside
• Average bid price $1.67
• Animals accepted for set aside this week will be released March 19, 2021

Week of January 4

• 26,376 head were accepted into the Fed Cattle Set-Aside
• Average bid price $1.72
• Animals accepted for set aside this week will be released March 12, 2021

Week of December 14

• No animals were accepted for the Fed Cattle Set-Aside, based on recommendations from the initiative’s Advisory Committee. Each week, the Advisory Committee reviews market/industry information and the aggregated bid data before making its recommendation
• Market conditions support demand for animals

Week of December 7

• No animals were accepted for the Fed Cattle Set-Aside, based on recommendations from the initiative’s Advisory Committee. Each week, the Advisory Committee reviews market/industry information and the aggregated bid data before making its recommendation
• Market conditions support demand for animals

Week of November 28

• 12,923 head were accepted into the Fed Cattle Set-Aside
• Average bid price $1.89
• Animals accepted for set aside this week will be released February 5, 2021

Week of November 23

• 11,931 head were accepted for set aside
• Average bid price $1.87
• Animals accepted for set aside this week will be released January 29, 2021

Week of November 16

• 14,859 head were accepted into the Fed Cattle Set-Aside
• Average bid price $1.84
• Animals accepted for set aside this week will be released January 22, 2021

Week of November 9

• 4,721 head were accepted for set aside
• Average bid price $1.90
• Animals accepted for set aside this week will be release January 15, 2021

Week of November 2

• 9,521 head were accepted for the Fed Cattle Set-Aside
• Average bid price $1.85
• Animals accepted for set aside this week will be released January 8, 2021

Week of October 26

• 6,417 head were accepted for set aside
• The average bid price $1.79
• Animals accepted for set aside this week will be released January 1, 2021

Week of October 19

• 3,415 head were accepted for the Fed Cattle Set-Aside
• The average bid price $1.72
• Animals accepted for set aside this week will be released December 25, 2020

Week of October 12

• 2,583 head were accepted for set aside
• The average bid price $1.73
• Animals accepted for set aside this week will be released December 18, 2020

Week of October 5

• 6,194 head were accepted for set aside
• The average bid price $1.19
• Animals accepted for set aside this week will be released December 11, 2020

Week of September 28

• 1,099 head were accepted for the Fed Cattle Set-Aside
• The average bid price $1.12
• Animals accepted for set aside this week will be released December 4, 2020

Week of September 21

• 1,957 head were accepted for set-aside
• The average bid price was $1.05
• Animals accepted for set aside this week will be released November 27, 2020

Week of September 14

• 2,066 head were accepted for the Fed Cattle Set-Aside
• The average bid price was $0.85
• Animals accepted for set aside this week will be released November 20, 2020

Week of September 7

• 2,036 head were accepted for the Fed Cattle Set-Aside
• The average bid price was $0.88
• Animals accepted for set aside this week will be released November 13, 2020

Week of August 31

• 3,660 head were accepted for set aside
• The average bid price was $0.85
• Animals accepted for set aside this week will be released November 6, 2020

Week of August 24

• 1,547 head were accepted for the Fed Cattle Set-Aside
• The average bid price was $0.84
• Animals accepted for set aside this week will be released October 30, 2020

Week of August 17

• 1,513 head were accepte for set aside
• The average bid price was $0.80
• Animals accepted for set aside this week will be released October 23, 2020

Week of August 10

• 2,574 head were accepted for the Fed Cattle Set-Aside
• The average bid price was $0.87
• Animals accepted for set aside this week will be released October 16, 2020

Week of August 3

• 1,288 head were accepted for the Fed Cattle Set-Aside
• The average bid price was $0.90
• Animals accepted for set aside this week will be released October 9, 2020

Week of July 27

• No animals were accepted for the Fed Cattle Set-Aside, based on recommendations from the Advisory Committee, after its review of  market/industry information and the aggregated bid data
• Market conditions support demand for animals

Week of July 20

• No animals were accepted, based on recommendations from the Advisory Committee, after its review of  market/industry information and the aggregated bid data
• Market conditions support demand for animals

Week of July 13

• No animals were accepted for the Fed Cattle Set-Aside, based on recommendations from the initiative’s Advisory Committee. Each week, the Advisory Committee reviews market/industry information and the aggregated bid data before making its recommendation
• Market conditions support demand for animals

Week of July 6

• No animals were accepted for the Fed Cattle Set-Aside, based on recommendations from the initiative’s Advisory Committee. Each week, the Advisory Committee reviews market/industry information and the aggregated bid data before making its recommendation
• Demand from the packers for animals is strong and the basis is at par or better

Week of June 29

• 5,098 head were accepted for the Fed Cattle Set-Aside
• The average bid price was $1.73
• Animals were released from set-aside September 4