Slaughter Report Last updated May 19, 2017
Feeder Report Last updated May 19, 2017
Alberta direct cattle sales so far this week have seen light trade develop with dressed sales ranging from 292.00-293.00 delivered. Initial sales are 8.00-12.00 lower than last week. Over the past two weeks fed prices have dropped 16.00, moving from the low 190's to now the mid 170's. Buyers were indicating cattle that they bought this week would be picked up by early June.
|Steers||No trade||No trade|
|Heifers||No trade||No trade|
|D1, D2 Cows||D3 Cows||Bulls|
In the US, around 3,000 head of cattle traded between Iowa and Nebraska with dressed sales fully steady with prices seen on Wednesday and are 10.00 lower than the previous week. Moderate trade was reported in Texas and Kansas with live sales 4.00-5.00 lower than last week. Yesterday weighted average steer prices in Texas settled at 133.96. Cash prices remain at an 11.00 premium against the June live cattle contract.
|Choice Steers||133.00-134.00 (South)||210.00-214.00 (North)|
|Choice Heifers||133.00-134.00 (South)||210.00-214.00 (North)|
|Boner Cows||Rail Avg|
|Over 500 lbs||133.71|
The nearby Canadian dollar at 8:30 this morning was trading at 73.77, up 0.32
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:
|123.22, +0.30||120.10, +0.45||116.15, +0.35|
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 May 15, 2017
Following a $14.00 price jump the previous week, fed steer prices realigned sharply $11.00 lower. Dressed sales for end of May delivery saw prices range from $300.00-305.00 delivered. US packer interest in the western Canadian fed market was noted and light volumes of western Canadian fed cattle were marketed South. US buyers were once again looking for quick delivery cattle. US sales were at a slight premium over local sales. Depending on freight and dressing percent, US bids were working back to the mid $180’s on a live basis. Excluding the holiday short week, western Canadian slaughter volumes have been rather consistent over the past seven weeks ranging between 39,500-41,900.
Alberta feeder prices continued to rally higher last week despite a seasonally large offering. Broad based buyer interest was observed on calves less than 600 lbs, and the steer/heifer price spread tightened with fewer quality steer calves and more heifers on offer. Feeders from 600-800 lbs saw prices firm $4.00-5.50 higher than the previous week while larger feeders over 800 lbs trended fully steady to $1.00 higher. Eastern buying interest continues to focus on heavy weight bunk replacements. Auction volumes were dramatically large for this time of year, totaling over 31,000 head. YTD auction volumes are 18% larger than year ago at 548,047 head. Feeder exports to the US for the week ending April 29th were modestly lower than the previous week at 5,396 head. YTD feeder exports are 35% below year ago totaling 63,961 head.
Non-fed prices were mixed last week with slaughter cows at auction easing lower and butcher bull prices trending modestly higher. D1,2 cows were $1.00 lower than the previous week while leaner D3 cows slipped $2.50 lower. Dressed cow bids were reported at around $207.00-212.00 delivered. Western Canadian non-fed slaughter for the week ending May 6th was 16% smaller than the previous week totaling 5,453 head. YTD western non-fed slaughter was 7% larger at 136,727 head. Feeder cow and D1/2 prices moving forward should remain well supported.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.