Slaughter Report Last updated June 23, 2017
Feeder Report Last updated June 23, 2017
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.
|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 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%.
|Choice Steers||119.00-121.00 (South)||186.00-193.00 (North)|
|Choice Heifers||119.00-121.00 (South)||186.00-193.00 (North)|
|Boner Cows||Rail Avg|
|Over 500 lbs||139.93|
The nearby Canadian dollar at 8:30 this morning was trading at 75.33, down 0.21
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:
|118.80, +0.17||114.57, +0.30||112.10, +0.10|
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
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
All information sourced from Statistics Canada, Alberta Agriculture and Canfax.
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.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.