Slaughter Report Last updated April 21, 2017
Feeder Report Last updated April 21, 2017
Alberta direct cattle sales so far this week have seen light trade develop with the bulk of dressed sales marked at 294.00 and 295.00 delivered. Initial sales are 5.00-6.00 higher than the previous week. Profit margins remain very impressive on the cattle being marketed which is encouraging producers to sell cattle ahead of schedule. A lot of yearlings have break even in the low 140's and early placed calves have break even in the mid 130's.
|Steers||No trade||No trade|
|Heifers||No trade||No trade|
|D1, D2 Cows||D3 Cows||Bulls|
In the US, over 3,000 head of traded between Iowa and Nebraska yesterday with dressed sales fully steady with prices seen on Wednesday and prices are 5.00-6.00 higher than the previous week. Live sales in Kansas ranged from 129.00-132.00 while northern regions saw prices range from 130.00-134.00. USDA is scheduled to release its April 1st cattle on feed report this afternoon. Pre-report estimates are indicating March placement volumes to be up 6% compared to last year while fed cattle marketings are forecasted to be up 9.5%.
|Choice Steers||129.00-134.00 (North and South)||208.00-212.00 (North)|
|Choice Heifers||129.00-134.00 (North and South)||208.00-212.00 (North)|
|Boner Cows||Rail Avg|
|Over 500 lbs||129.84|
The nearby Canadian dollar at 8:30 this morning was trading at 74.03, down 0.21
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:
|129.62, 0.00||116.60, +0.12||112.82, +0.02|
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 Thursday
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
All information sourced from Statistics Canada, Alberta Agriculture and Canfax.
Report for the week of April 17, 2017
Alberta direct cattle saw light cash trade last week, with dressed trade generally being reported at $288.00-290.00/cwt delivered. Feedlot selling interest was limited and some bids were being passed. On the few cattle that traded last week, buyers were indicating cattle would be lifted in 2-3 weeks. For a second consecutive week, more heifers than steers were slaughtered in western Canada. Canadian fed export volumes to the US continue to be larger than a year ago. Export volumes during the month of March were up 20% compared to last year and 35% larger than 2015.
The Alberta feeder market rallied last week with prices firming $2.50/cwt higher than the previous week. Middle weight heifers from 400-700 lbs traded $2.00-3.00 higher, while similar weight steers traded $2.50- $4.50 higher. Large steers over 700 lbs traded $2.00-3.00 higher than the previous week. Heifers over 700 lbs saw broad based feeder/breeding interest with prices trending $2.00-5.00 higher. Auction volumes eased 14% lower than the previous week. Year to date feeder exports to the US for the week ending April 1st are down 31%.
Non-fed prices continued to rally last week with D1,2 slaughter cows firming $1.00/cwt higher than the previous week and D3’s realigning $4.50 higher. Dressed cow bids were reported around $2.00/cwt higher from $201.00-206.00/cwt delivered. Butcher bull prices averaged $123.22. Western Canadian non-fed slaughter for the week ending April 8th trended sideways and YTD totaled 111,770 head. Canadian non-fed exports to the US for the week ending April 1st firmed modestly to 4,318 head and YTD are down 29% totaling 49,243 head.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.