Slaughter Report Last updated March 24, 2017
Feeder Report Last updated March 24, 2017
Alberta direct cattle sales so far this week have seen light trade develop with the bulk of dressed sales being reported from 286.00-288.00 delivered. Buyers were indicating cattle that they bought this week would be lifted within two weeks. Most of the cattle being marketed are still yearlings however there were a couple loads of fed calves sold this week.
|Steers||No trade||No trade|
|Heifers||No trade||No trade|
|D1, D2 Cows||D3 Cows||Bulls|
In the US, between Iowa and Nebraska around 3,000 head of cattle traded hands yesterday with dressed sales steady to 5.00 higher than the previous week. Light trade was also reported in Kansas with live sales marked at 126.00. Initial sales are a couple of dollars lower than prices seen on Wednesday. USDA is scheduled to release its March 1st cattle on feed report this afternoon. pre-report estimates are indicating February placement volumes to be down 1% compared to last year while fed cattle marketings are forecasted to be up 3%.
|Choice Steers||126.00* few (South)||210.00-215.00 (North)|
|Choice Heifers||126.00* few (South)||210.00-215.00 (North)|
|Boner Cows||Rail Avg|
|Over 500 lbs||132.29|
The nearby Canadian dollar at 8:30 this morning was trading at 74.83, down 0.15
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:
|122.05, +0.27||112.85, +0.05||107.90, 0.00|
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 Northern Alberta on Thursday
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
All information sourced from Statistics Canada, Alberta Agriculture and Canfax.
Report for the week of March 20, 2017
Alberta fed cattle prices established new annual highs last week, the highest level since March of last year. Both local packers were active on the western Canadian fed market and US packer interest was also noted. The majority of sales last week were dressed from $280.00-282.00 delivered. Cash to futures basis levels firmed to the strongest seen all year. Weekly Western Canadian slaughter volumes eased to 36,300 head. Canadian fed cattle exports to the US for the week ending March 4th realigned higher to 7,844 head and YTD total 49,545 head.
Alberta feeder prices strengthened last week seeing good demand for all types of feeders. Light stocker calves less than 600 lbs rallied $3.00-5.50/cwt higher than the previous week. Middle weight steers from 600-800 lbs saw broad based buyer interest and prices $4.50-5.50 higher while similar weight heifers trended $2.00-2.50/cwt higher. Large feeders over 800 lbs saw prices continue generally steady with the previous week. Weekly sale volumes totaled 33,823 head and YTD total 311,970 head. Feeder exports to the US for the week ending March 4th rebounded to 4,723 head. YTD feeder exports are 27% lower than the same week last year.
D1,2 slaughter cows traded over $1.50/cwt higher than the previous week and D3 prices trended fully steady. Dressed cow bids were reported from $191.00-196.00/cwt delivered. Butcher bull prices rallied almost $7.00 higher last week. Western Canadian non-fed slaughter for the week ending March 11th totaled 6,600 head. YTD western non-fed slaughter was 2% larger totaling 83,174 head. Canadian non-fed exports to the US for the week ending March 4th trended sideways and YTD were down 31%.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.