Daily Cattle Report

July 13, 2018

Slaughter Report Last updated July 13, 2018

Feeder Report Last updated July 12, 2018

Alberta Cattle Industry Market Report

Alberta direct cattle sales Thursday saw light trade develop with live sales ranging from 151.00-155.00. Prices were largely dependent on delivery dates. Most of the cattle that traded this week were being scheduled for the second half of July delivery. However, there were a few cattle booked for early August delivery. Cash to futures basis levels did strengthen this week. Cash to cash and cash to futures basis levels remain historically strong for this time of year.

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

In the cow and bull trade in Southern Alberta on Thursday

D1, D2 Cows D3 Cows Bulls
95.00-99.00 84.00-94.00 121.00-126.00

US Trade

In the US, 100 head of cattle traded in Iowa yesterday with dressed sales marked at 173.00, 1.00-2.00 lower than prices seen on Wednesday and 2.00-7.00 lower than last week. Bids in the South remain unchanged from earlier in the week as packers in Texas and Kansas are bidding 108.00 on a live basis. Packers have bought very few cattle this week and buying interest will improve over the next several hours. USDA released carcass weight data yesterday and steer carcass weights averaged 865 lbs, 7 lbs larger than the previous week.   

Yesterday Live Rail
Choice Steers --- 173.00 (North)
Choice Heifers --- 173.00 (North)

National slaughter cows averaged:

Boner Cows Rail Avg
Over 500 lbs 124.01

Canadian Dollar

The nearby Canadian dollar at 8:30 this morning was trading at 76.02, up 0.01

Chicago Mercantile Exchange

On the Chicago Mercantile, in mid session trade,  live cattle futures are as follows:

August October December
104.45, -0.57 107.30, -0.30 111.17, -0.40

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 Wednesday

  Steers Heifers
900+ --- 158.00-168.00
800-900 180.00-186.00 167.00-180.00
700-800 194.00-211.00 174.00-187.00
600-700 207.00-224.00 183.00-197.00
500-600 215.00-229.00 194.00-211.00
400-500 --- 201.00-220.00
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 July 9, 2018

The Canfax average fed steer and heifer price closed last week at $153.00 and $151.25/cwt respectively. Prices are $4-5/cwt higher than the previous week.  Fed prices were $9-10/cwt higher than last year. This is the first time fed prices have been higher than year ago since March. Last week dressed sales ranged from $247.00-258.50/cwt FOB the lot. All reported cash sales traded locally, cattle that were bought last week were being scheduled for 1-3 week delivery. For the week ending June 30th Western Canadian fed slaughter totaled just over 41,000 head, volumes are 6% larger compared to the same week last year.   Canadian fed cattle exports to the US for the week ending June 23rd totaled 4,832 head.

The Canfax average feeder steer prices closed the week $0.50/cwt higher, while heifers eased $1/cwt.  The largest week over week increase was seen on 900+ lb steers with prices $5/cwt stronger.  550 lb steers and heifers traded $2/cwt lower last week, and prices are $10/cwt lower than last year. Alberta 850 lb feeder steer basis levels weakened going from -$6.40 to -$10.61/cwt last week. Alberta auction volumes for the holiday short week totaled just short of 11,000 head. Canadian feeder cattle exports to the US for the week ending June 23rd totaled 3,689 head.

D2 cows traded $0.50/cwt higher and live trade was reported from $85-97/cwt. Last week D3 cows averaged $80.50/cwt. Butcher bulls traded $2.25/cwt higher to average $111/cwt, and live trade was reported from $99-123/cwt. Over the past couple of weeks Alberta D2 cow prices have been at a $8/cwt premium over the US utility market. Canadian non-fed cattle export volumes to the US for the week ending June 23rd totaled 3,341 head.

Bull.

  • Alberta fed cash to futures basis levels were reported at +$13.08, the strongest basis levels ever seen during the month of July
  • Last week US fed prices traded US$5-6/cwt higher on a live basis
  • For the end of June, Western Canadian steer carcass weights are the smallest since 2014

Bear.

  • US steer by-product values are trading near eight-year lows
  • From a price stand point, seasonally there is still downside risk to the fed market
  • Retail beef featuring tends to decline following the July 4th holiday

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

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