Slaughter Report Last updated October 20, 2017
Feeder Report Last updated October 20, 2017
Alberta direct cattle sales so far this week have seen light trade develop with most of the dressed sales marked at 232.00 delivered. Initial sales are positioned at the top end of last week's trading range. Live sales and bids have been reported from 137.00-138.00 FOB lot which is right inline with last week's weighted average price. Tentatively cash to futures basis levels did strengthen and remain stronger than the five-year average.
|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|
In the US, 600 head of cattle traded in Kansas yesterday with live sales steady with prices seen on Wednesday and are 1.00 lower than the previous week. Buying interest will improve over the next several hours as packers have only bought limited numbers this week. USDA is scheduled to release its October 1st cattle on feed report this afternoon. Pre-report estimates are indicating September placement volumes to be up 8% compared to last year while fed cattle marketings are forecasted to be up 3%.
|Choice Steers||110.00 (South)||No trade|
|Choice Heifers||110.00 (South)||No trade|
National slaughter cows traded:
|Boner Cows||Rail Avg|
|Over 500 lbs||116.80|
The nearby Canadian dollar at 8:30 this morning was trading at 79.41, down 0.70
Chicago Mercantile Exchange
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:
|111.97, +0.77||117.02, +0.87||121.42, +0.77|
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 Thursday
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
All information sourced from Statistics Canada, Alberta Agriculture and Canfax.
Report for the week of October 16, 2017
Alberta fed cattle prices strengthened $4.73 to close last week at $137.54/cwt. This is the second largest week over week price increase this year. From the annual lows, Alberta and Ontario fed prices have strengthened $6.00 and $7.75 respectively. Competition from all three western Canadian packers was noted, and with cash prices at the highest point in over five weeks, cash volumes surged. Most of the cattle that were bought last week were being scheduled for two to three weeks out. With carcass weights continuing to seasonally increase and more fat being produced, 50% trim prices have performed quite well. To put things into perspective, AAA and AA cutout values are trading mostly steady with last year while 50% trim prices are 75% higher than last year.
Alberta feeder prices continue to rally higher with steers trending over $6.00/cwt higher and heifers almost $5.50/cwt higher than the previous week. Light calves less than 500 lbs saw prices surged over $10.00 higher. Larger calves from 500-700 lbs traded $5.50-6.50/cwt higher while feeders over 700 lbs saw modest gains. Weekly auction volumes rebounded larger to 43,276 head and are comparable with a year ago. Feeder exports to the US for week ending September 30th totaled 2,220 head and YTD are down 37% to 101,081 head. The strong western Canadian feeder and calf market has some Alberta feedlots buying and importing feeders from the northern US.
Non-fed prices trended mostly steady last week with D1,2 cows easing modestly lower and D3’s firming almost $1.00 higher. Non-fed volumes at auction were modest and dressed cow bids remained static at around $170.00-175.00 delivered. Butcher bull prices trended sideways to average $100.79/cwt. Western Canadian non-fed slaughter for the week ending October 7th was modestly smaller than the previous week and YTD is 11% larger at 261,847 head.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.