Daily Cattle Report

July 29, 2016

Slaughter Report Last updated July 29, 2016

Feeder Report Last updated July 28, 2016

Alberta Cattle Industry Market Report

Alberta direct cattle sales so far this week have seen light trade develop with dressed sales steady to a couple dollars higher than the previous week. Cash to futures basis levels did weaken but still remain stronger than the 5 year average. All reported cash sales traded locally. Cattle that were bought this week were being scheduled for the middle of August 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
99.00-107.00 87.00-95.00 118.00-128.00

US Trade

In the US, likely regional deals but a couple hundred head of cattle traded in Iowa and Nebraska yesterday with dressed sales reported from 185.00-186.00, steady with the previous week. This light test of the market does not establish a market trend. There have been reports of packers scaling back hours which could moderate interest in the cash market.

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

National slaughter cows traded:

Boner Cows Rail Avg
Over 500 lbs 142.83

Canadian Dollar

The nearby Canadian dollar at 8:30 this morning was trading at 76.37, up 0.38.

Chicago Mercantile Exchange

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

August October December
112.92, -0.40 111.60, -0.50 112.00, -0.67

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 Alberta on Wednesday:

  Steers Heifers
900+ 161.00-174.00 148.00-158.00
800-900 168.00-178.00 150.00-161.00
700-800 179.00-190.00 161.00-175.00
600-700 187.00-200.00 168.00-181.00
500-600 n/a n/a
400-500 n/a 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

ABP Weekly

Report for the week of July 25, 2016

The Canfax average fed steer and heifer price closed the week at $145.00/cwt and $143.25/cwt respectively. Weighted average prices are $2.50-3.00/cwt lower than the previous week. Steer and heifer dressed sales were reported from $238.50-243.50 FOB lot.  All reported cash sales traded locally. Packers are not long bought, buyers were indicating that cattle they bought last week would be lifted in 2-3 weeks. Canadian fed cattle export volumes to the US for the week ending July 9th totaled 3,505 head.

The Canfax average feeder steer price was $4.75 lower while heifers eased $2.25/cwt. Steers weighing from 4-800 lbs traded $1.00-6.00/cwt lower while heavier feeders weighing over 900 lbs were reported $2.00-2.50/cwt softer.  Pressure to move yearlings off grass has been limited as grazing conditions remain favorable. The western Canadian feeder index closed the week at $174.26/cwt.  Weekly Alberta auction volumes totaled 8,700 head. Canadian feeder cattle export volumes to the US for the week ending July 9th totaled 920 head.

D1, D2 cow prices traded $4.00/cwt higher and live trade was reported from $92.00-105.00/cwt. Last week D3 cows averaged $87.00/cwt. Butcher bulls traded $2.75/cwt higher to average $122.50/cwt and live trade was reported from $110.00-135.00/cwt. Canadian non-fed cattle export volumes to the US for the week ending July 9th totaled 4,254 head. 

Bull.

  • USDA July 1st cattle on feed report can be interpreted as neutral to slightly bullish as June placement volumes came in below pre-report estimates
  • For the first five months of 2016, Canadian beef exports were up 8% in volume
  • Cash to cash and cash to futures basis levels still remain stronger than the historical five year average

Bear.

  • US fed prices are at the lowest levels since July 2012
  • Choice and Select cutout values established new lows for the year
  • Extreme heat is impacting cattle performance as some producers are simply dumping cattle onto the market, heat also remains unsupportive to beef demand

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

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