Slaughter Report Last updated December 2, 2016
Feeder Report Last updated December 2, 2016
Alberta direct cattle sales Thursday saw light trade develop with prices steady to a touch higher compared to Wednesday. This week live sales have been reported on either side of 150.00 while dressed sales are ranging from 248.00-252.00 delivered. Cash to futures basis levels did strengthen and remain stronger than the five-year historical average. Given higher cash prices and stronger basis levels some producers did sell more cattle than what they had intended on this week.
|Steers||No trade||No trade|
|Heifers||No trade||No trade|
|D1, D2 Cows||D3 Cows||Bulls|
In the US, 10,000 head of cattle traded between Nebraska and Iowa yesterday with dressed sales fully steady with prices seen on Wednesday, sales are also steady to 5.00 higher than the previous week. Clean up trade was noted in Kansas with a couple hundred head of cattle trading at 115.00.
|Choice Steers||115.00 (South)||174.00-175.00 (North)|
|Choice Heifers||115.00 (South)||174.00-175.00 (North)|
|Boner Cows||Rail Avg|
|Over 500 lbs||113.15|
The nearby Canadian dollar at 8:30 this morning was trading at 75.24, up 0.17.
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:
|108.75, -1.80||109.30, -2.07||109.55, -1.67|
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 Thursday
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
All information sourced from Statistics Canada, Alberta Agriculture and Canfax.
Report for the week of November 28, 2016
Western Canadian fed prices have strengthened for six consecutive weeks and prices have moved from the low $130’s to the mid $140’s. Dressed sales were reported from $243.00-245.00 delivered last week. Local packer interest in the cash market has been mixed with the bulk of sales going to one buyer. Most of the cattle that traded last week were being scheduled for the first week of December delivery. Canadian weekly beef production (fed cattle) totaled just over 37 million pounds, 4% larger than the same time last year and 10% larger than the ten-year average.
Weekly Alberta feeder prices rallied higher for a fifth consecutive week, bolstered by rebounding fed prices and cattle futures. New crop calves saw keen buying interest and prices surged $8.50-10.50/cwt higher than the previous week. Feeders over 600 lbs trended $4.00-7.00/cwt higher. Weekly auction volumes were 16% larger than the previous week at 68,070 head and YTD auction volumes totaled 1,338,892 head. For the week ending November 12th, USDA reported a meager 998 Canadian feeders heading to the US. Total YTD feeder exports of 174,033 head are 39% lower than last year.
Non-fed prices rebounded last week with slaughter cows generally trading $2.00/cwt higher than the previous week. Dressed cow bids firmed higher to $163.00-168.00/cwt delivered. Butcher bull prices rallied over $4.00/cwt higher to average $103.56. Western Canadian non-fed slaughter for the week ending November 19th eased lower to 9,709 head. YTD western Canadian non-fed slaughter was up 15% totaling 284,025 head. Canadian non-fed exports to the US for the week ending November 12th totaled 5,833 head. YTD non-fed exports are 10% below last year at 226,656 head.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.