Slaughter Report Last updated April 19, 2018
Feeder Report Last updated April 19, 2018
Alberta direct cattle sales Wednesday saw no new trade to report but dressed bids have been reported in mid 260's on a delivered basis. Initial bids are 4.00-5.00 lower than the previous week. No live bids have been reported however using a 60% dressing percentage, dressed bids are working back to the upper 150's on a live basis. By the sounds of things packers are still looking for cattle for the end of April delivery. Looking at the futures market both live and feeder cattle futures are trading 60-130 points lower.
|D1, D2 Cows||D3 Cows||Bulls|
In the US, 15% of the cattle offered on the Fed Cattle Exchange traded yesterday, with live sales in Nebraska ranging from 120.00-122.00. Sales are fully steady with the previous week. A couple loads of cattle traded in Iowa yesterday at 190.00 dressed. Sales are positioned at the bottom end of last week trading range.
|Choice Steers||120.00-122.00 (North)||190.00 (North)|
|Choice Heifers||120.00-122.00 (North)||190.00 (North)|
|Boner Cows||Rail Avg|
|Over 500 lbs||122.93|
The nearby Canadian dollar at 8:30 this morning was trading at 79.41, up 0.16
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:
|118.05, -0.92||103.65, -1.62||103.62, -1.52|
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 Southern Alberta on Wednesday
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
All information sourced from Statistics Canada, Alberta Agriculture and Canfax.
Report for the week of April 16, 2018
Western Canadian fed prices have trended lower for four straight weeks, with new annual lows being established. Hovering in the mid $150’s for the past two weeks, feedlots have likely just started to sell cattle at a loss. A lot of the calves placed against the second quarter fed market have breakevens in the upper $150’s. In terms of fed supplies, we are in a transition phase as yearling supplies are dwindling, and calves are starting to come onto the market. Most of the dressed sales this week were reported at $260.00 delivered. First quarter fed cattle exports totaled 65,182 head, 20% lower compared to last year and 22% lower compared to 2016.
Alberta feeder prices firmed higher last week on renewed grass interest and tightening supplies. Grass type 500-700 lb steers saw prices rebound $8.00-9.50 higher than the previous week and heifers generally traded $3.00 higher. A modest offering of feeders over 700 lbs traded widely on varied quality. The Alberta feeder index ended the week higher at $178.23, and the calf index surged to $207.54. Weekly auction volumes totaled 20,271 head and YTD auction volumes are 8% lower than year ago at 374,352 head. Feeder exports to the US for the week ending March 31st were 14% larger than the previous week at 10,620 head, and YTD are total 58,595 head.
Non-fed cattle saw continued good demand and prices firmed $2.50-3.50 higher than the previous week. Dressed slaughter cow bids were reported around $182.00-187.00 delivered. Butcher bull prices typically firm higher through the first half of the year and prices this week once again climbed to a new annual high. Western Canadian non-fed slaughter for the week ending April 7th was 7,308 head, and YTD is 8% larger totaling 120,356 head. Canadian non-fed exports to the US for the week ending March 31st eased modestly to 2,748 head and YTD total 31,868.
detailed information on markets this week please visit the Canfax website www.canfax.ca.