Daily Cattle Report

May 23, 2018

Slaughter Report Last updated May 23, 2018

Feeder Report Last updated May 23, 2018

Alberta Cattle Industry Market Report

Alberta direct cattle sales Tuesday saw no new trade to report. This week's showlist has been compiled volumes steady with the previous week. With the lower Canadian dollar and stronger live cattle futures this morning technical prices levels have improved from the beginning of the week. Canfax released its May 1st cattle on feed report on Friday. April placements were down over 10% compared to last year while fed cattle marketings were up 15%. Cattle on feed inventories are now below last year.

Yesterday Live Rail
Steers --- ---
Heifers --- ---

In the cow and bull trade in Central on Tuesday

D1, D2 Cows D3 Cows Bulls
95.00-103.00 85.00-94.00 105.00-123.00

US Trade

In the US, a couple loads of cattle traded in Iowa yesterday with dressed sales marked at 180.00. Sales are positioned at the bottom end of last week's trading range and are 5.00 lower than last week's weighted average price. Today there are 225 head of cattle listed on the Fed Cattle Exchange.

Yesterday

Live Rail
Choice Steers --- 180.00 Iowa
Choice Heifers --- 180.00 Iowa

National slaughter cows traded:

Boner Cows Rail Avg
Over 500 lbs 118.26

Canadian Dollar

The nearby Canadian dollar at 8:30 this morning was trading at 77.68, down 0.41

Chicago Mercantile Exchange

On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:

June August October
105.10, +0.20 101.72, +1.07 104.77, +0.92

Replacement Trade

Information provided on this report is supplied by various auction markets throughout Alberta. In reference to the following prices, producers are reminded to check with individual markets on current prices and trends. Prices quoted include top quality cattle only.

Feeder and stocker prices in Central Alberta on Tuesday

  Steers Heifers
900+ 155.00-163.00 142.00-151.00
800-900 166.00-180.00 153.00-163.00
700-800 182.00-199.00 165.00-177.00
600-700 201.00-211.00 176.00-189.00
500-600 214.00-225.00 186.00-200.00
400-500 --- ---
300-400 --- ---
Bred Cows Bred Heifers Cow/Calf Pairs
n/a n/a n/a

All information sourced from Statistics Canada, Alberta Agriculture and Canfax.

Canfax Weekly Article

Report for the week of May 21, 2018

The Canfax average fed steer and heifer price closed last week at $146.25 and $144.16 respectively, $11.00-12.00 lower than the previous week. This is one of the largest single week drop in fed prices in recent history. Fed prices are trading below last year and the five-year average. Steer and heifer dressed sales ranged from $236.50-248.50 FOB lot. Most of the cattle that traded last week were being scheduled for mid-June delivery. Cash to futures basis levels weakened going from a +21.37 to +15.66 last week. Cattle that were marketed last week were being sold below breakeven levels. Canadian fed cattle exports to the US for the week ending May 5th totaled 3,612 head.

The Canfax average feeder steer price closed the week $4.00/cwt lower while heifers eased $3.75. Last week the largest week over week price decline was seen for calves and light weight stockers with prices $5.00-10.00 lower. Feeder steers over 800 lbs traded $2.00-3.00 lower while same weight heifers were $1.00-3.00 lower. Since their lows in early April, 850 lb steers have rallied 8%. The western Canadian calf and feeder indices closed the week at $209.64/cwt and $175.44/cwt respectively. Alberta auction volumes totaled just over 25,000 head. Canadian feeder cattle exports to the US for the week ending May 5th totaled 9,781 head.

D1, D2 cows traded $1.75 lower and live trade was reported from $88.00-103.00/cwt. Last week D3 cows averaged $85.00/cwt. Butcher bulls traded $0.25 lower to average $112.00 and live trade was reported from $99.00-129.00/cwt. Butcher cows are trading $12.00 lower than the same week last year while butcher bull prices are $17.00 lower. Canadian non-fed cattle export volumes to the US for the week ending May 5th totaled 3,234 head.

Bull.

  • AB/SK cattle on feed inventories as of May 1st are below year ago levels for the first time in eleven months
  • US all fresh beef retail prices for the month of April were $5.76/lb compared to March at $5.62/lb
  • US beef production for 2017’s second, third and fourth quarters have been revised lower

Bear.

  • Last week US fed cash prices dropped $5.00-8.00 on a live basis 
  • Western Canadian cow slaughter volumes continue to be very large for this time of year
  • The US cutout spread between hogs and cattle remains wider than last year

For more detailed information on markets this week please visit the Canfax website www.canfax.ca.

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