Daily Cattle Report
Monday February 8, 2010
Slaughter Report Last updated February 8, 2010
Feeder Report Last updated February 8, 2010
Alberta Cattle Industry Market Report
Alberta direct cattle sales on Friday saw no new trade to report. Prices last week were significantly higher on the rail but heavy weights pressured live bids lower. Business this week is not expected until Wednesday.
Last Week |
Live |
Rail |
|---|---|---|
Steers |
73.80-76.70 |
126.50-130.85 |
Heifers |
76.50-77.50 |
126.50-130.85 |
In the cow and bull trade in Northern Alberta on Friday:
D1, D2 cows |
D3 cows |
Bulls |
|---|---|---|
38.00-47.00 |
n/a |
45.00-63.00 |
US Trade
The U.S. trade last week saw prices 1.00 higher with late trade up to 87.00 in the South. Asking prices this week are higher at around 89.00-90.00 in the South and 142.00+ in the North. Trade is not expected until later in the week.
Last Week |
Live |
|---|---|
Choice Steers |
84.00-87.00 |
Choice Heifers |
84.00-87.00 |
Canadian Dollar
The Canadian dollar at 8:30 this morning was trading at 93.50, up 0.30.
Chicago Mercantile Exchange
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:
February |
April |
June |
|---|---|---|
87.55, +0.12 |
90.82, +0.42 |
88.40, +0.30 |
Replacement Trade
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 Friday:
Steers |
Heifers |
|
|---|---|---|
900+ |
86.00-93.00 |
78.00-86.00 |
800-900 |
90.00-98.00 |
82.00-90.00 |
700-800 |
94.00-101.00 |
85.00-93.00 |
600-700 |
98.00-108.00 |
86.00-95.00 |
500-600 |
102.00-118.00 |
90.00-102.00 |
400-500 |
112.00-125.00 |
92.00-107.00 |
300-400 |
112.00-125.00 |
95.00-107.00 |
Bred Cow |
Bred Heifers |
Cow/Calf Pairs |
|---|---|---|
n/a |
n/a |
n/a |
All information sourced from Statistics Canada, Alberta Agriculture and CanFax
Canfax Weekly Article
The commodity sector continued to struggle this week, which held the Canadian dollar under $0.94 for most of the week. Fed prices responded and live trade for the most part was steady with the previous week. Steers averaged $77.32/cwt, up $0.70/cwt compared to the previous week, while heifers traded $1.70 higher and averaged $77.56/cwt. Sale volumes of around 19,299 head were 19% smaller than last week. The cash to futures basis weakened to -15.46 compared to -14.68 last week. USDA fed export volumes for the week ending January 23rd were 18% higher than the previous week at 11,752 head, but 18% lower than this week last year. Feeder steer prices for Alberta averaged $0.70 higher and the average feeder heifer price was up $0.60. Alberta auction market volumes were just over 35,700 head, up 12% from the previous week. YTD auction volumes were 10% higher than this week last year at around 148,000 head. D1,D2 cow prices were $3.85/cwt higher this week to average $46.74/cwt. Butcher bulls traded $2.05 higher and averaged $54.83/cwt. Bred cows prices strengthened to average $703.33 and heifers averaged $931.25. Pair volumes continue seasonally to be too small to report. Nearby barley futures at Thursday’s close were up $1.50 to finish the week off at $149.50/tonne. This week the Canadian live steer price to Choice cutout value was 51.96%, slightly higher than last week.
Bull factors
Firmer live cattle futures.
Low feeder cost of gain.
Reduced Northwest US fed supply and production due to cold wet conditions.
Bear factors
Packer fed Inventories are increasing.
Increasing supplies of competing meats due to US poultry trade disruptions.
American fed marketings being deferred into spring.
For more detailed information on markets this week please visit the NEW Canfax website www.canfax.ca.
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