Daily Cattle Report

June 23, 2017

Slaughter Report Last updated June 23, 2017

Feeder Report Last updated June 23, 2017

Alberta Cattle Industry Market Report

Alberta direct cattle sales so far this week have seen light trade develop with bulk of dressed sales marked at 263.00 delivered while live sales have been reported anywhere from 155.00-162.50. Weighted average prices are sitting 4.00 lower than the previous week and are on track to establish new annual lows. Cattle that were bought this week were being scheduled for the middle of July delivery.   

Yesterday Live Rail
Steers No trade No trade
Heifers No trade No trade

In the cow and bull trade in Southern Alberta Thursday:

D1, D2 Cows D3 Cows Bulls
105.00-116.00 91.00-104.00 127.00-137.00

US Trade

In the US, around 3,000 head of cattle traded between Iowa and Nebraska with dressed sales 5.00-6.00 lower than prices seen on Wednesday and are 12.00-23.00 lower than last week. Light trade was reported in Kansas with live sales ranging from 119.00-121.00, initial sales are 9.00-12.00 lower than last week. USDA is scheduled to release its June 1st cattle on feed report this afternoon. Pre-report estimates are indicating May placements volumes to be up 10% compared to last year while fed cattle marketings are forecasted to be up 9%.

Yesterday Live Rail
Choice Steers 119.00-121.00 (South) 186.00-193.00 (North)
Choice Heifers 119.00-121.00 (South) 186.00-193.00 (North)

National slaughter cows traded:

Boner Cows Rail Avg
Over 500 lbs 139.93

Canadian Dollar

The nearby Canadian dollar at 8:30 this morning was trading at 75.33, down 0.21

Chicago Mercantile Exchange

On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:

June August October
118.80, +0.17 114.57, +0.30 112.10, +0.10

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 Central and Southern Alberta on Thursday

  Steers Heifers
900+ n/a n/a
800-900 192.00-205.00 173.00-188.00
700-800 202.00-223.00 185.00-200.00
600-700 222.00-241.00 196.00-213.00
500-600 232.00-250.00 205.00-224.00
400-500 241.00-257.00 n/a
300-400 n/a n/a
Bred Cows Bred Heifers Cow/Calf Pairs
n/a n/a n/a

All information sourced from Statistics Canada, Alberta Agriculture and Canfax.

Canfax Weekly Article

Report for the week of June 19, 2017

Weighted average fed steer prices closed the week at $161.00/cwt, $10.00 lower than the previous week. On a live basis, fed prices have dropped $30.00 over the past six weeks and are now at the lowest levels since the end of February.  All reported cash sales traded locally with dressed sales reported from $267.00-268.50/cwt FOB lot. Buyers were indicating cattle that they bought last week would be lifted in 2-3 weeks.  Cash to futures basis levels strengthened, but remain weaker than the five-year average. Canadian fed cattle export volumes to the US for the week ending June 3rd totaled 3,063 head.

The Canfax average feeder steer price closed the week $3.50 lower while heifers eased $2.50/cwt. In Alberta, a large percentage of the feeder cattle on offer were light to mid weight stockers, and interest from grass buyers was supportive. The largest week over week price declines were seen on heavier feeders weighing over 800 lbs with prices $4.00-7.00 lower.  The western Canadian calf and feeder index closed the week at $238.18 and $218.07/cwt respectively. Alberta auction volumes totaled 13,500 head. Canadian feeder cattle export volumes to the US for the week ending June 3rd totaled 1,262 head.

D1, D2 cow prices traded $0.25/cwt lower and live trade was reported from $105.00-118.00/cwt. Last week D3 cows averaged $98.00/cwt. Butcher bulls traded $0.25 higher to average $129.25/cwt and live trade was reported from $115.00-148.00/cwt. Canadian non-fed cattle export volumes to the US for the week ending June 3rd totaled 3,598 head. 

Bull.

  • Canadian hog values were 2% higher week over week and are 3% stronger than the same time last year
  • Canadian beef exports to the US in April were above last year and the five-year average
  • End primals have been a strong price performer and are lending support to the beef complex. Choice Rounds and Chuck values are 20% and 15% respectively higher than the same time last year.

Bear.

  • The AAA/Choice cutout spread is -22.00 and remains much weaker than the same time last year
  • Alberta fed pries remain at a discount to both the US and Ontario markets
  • From their highs posted on June 5th, the June/August LC have fallen 8-9%

For more detailed information on markets this week please visit the Canfax website www.canfax.ca.

  • © 2005 CANFAX a Division of the Canadian Cattlemen’s Association. All rights reserved. No part of this publication may be reproduced in any form, or by any means whatsoever, without permission from CANFAX, the author of the publication and the owner of the copyright. For further information contact CANFAX at (403) 275-5110.
  • For over 40 years, Canfax has provided expert analysis of markets and trends in the ever changing North American beef industry. In this new millennium, cattlemen, feedlot managers, and agri-business professionals will continue to rely on up-to-the-minute information as an essential tool for maximizing profit in today’s beef sector. Whether your operation needs to plan for three hours or three years into the future, Canfax delivers timely, accurate information for 21st Century cattle industry professionals.
  • Those interested in becoming Canfax members can sign up on the website at www.canfax.ca