Slaughter Report Last updated May 23, 2018
Feeder Report Last updated May 23, 2018
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.
|D1, D2 Cows||D3 Cows||Bulls|
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.
|Choice Steers||---||180.00 Iowa|
|Choice Heifers||---||180.00 Iowa|
|Boner Cows||Rail Avg|
|Over 500 lbs||118.26|
The nearby Canadian dollar at 8:30 this morning was trading at 77.68, down 0.41
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:
|105.10, +0.20||101.72, +1.07||104.77, +0.92|
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
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
All information sourced from Statistics Canada, Alberta Agriculture and Canfax.
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.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.