Slaughter Report Last updated July 13, 2018
Feeder Report Last updated July 12, 2018
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.
|D1, D2 Cows||D3 Cows||Bulls|
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.
|Choice Steers||---||173.00 (North)|
|Choice Heifers||---||173.00 (North)|
|Boner Cows||Rail Avg|
|Over 500 lbs||124.01|
The nearby Canadian dollar at 8:30 this morning was trading at 76.02, up 0.01
On the Chicago Mercantile, in mid session trade, live cattle futures are as follows:
|104.45, -0.57||107.30, -0.30||111.17, -0.40|
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
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
All information sourced from Statistics Canada, Alberta Agriculture and Canfax.
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.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.