Slaughter Report Last updated April 24, 2017
Feeder Report Last updated April 24, 2017
Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at 175.00 and 172.75 respectively. Prices were 2.00-3.00 higher than the previous week. All reported cash sales traded locally and premiums were being paid for cattle that could be delivered within a couple weeks. Looking at the non-fed market butcher cows and bulls traded steady to 2.00 higher through commercial auction facilities last week. D1, D2 cow prices have now strengthened for 11 consecutive weeks.
|D1, D2 Cows||D3 Cows||Bulls|
In the US, trade stretched from Wednesday to Friday. Dressed sales in the North were 5.00-6.00 higher than the previous week while southern regions traded 2.00-4.00 higher on a live basis. Last Friday's cattle on feed report should be interpreted as slightly bearish as March placement volumes came in well above pre-report estimates. April 1st cattle on feed inventories remain even with last year.
|Choice Steers||130.00-133.00 (South)||210.00-212.00 (North)|
|Choice Heifers||130.00-133.00 (South)||210.00-212.00 (North)|
|Boner Cows||Rail Avg|
|Over 500 lbs||131.60|
The nearby Canadian dollar at 8:30 this morning was trading at 74.31, up 0.27
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:
|129.05, -0.75||115.45, -1.25||111.10, -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 Northern Alberta on Friday
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
All information sourced from Statistics Canada, Alberta Agriculture and Canfax.
Report for the week of April 24, 2017
Weighted average fed steer and heifer prices closed the week at $175.00/cwt and $172.75/cwt respectively. Prices were $3.00 higher than the previous week. Last week dressed sales were reported from $286.50-296.50/cwt FOB lot. All reported cash sales traded locally, some producers were negotiating delivery dates for the second half of May delivery and bids were at a discount compared to cattle that could be lifted within a couple of weeks. US packer interest was noted but bids were well off the pace from getting cattle bought. Canadian fed cattle export volumes to the US for the week ending April 8th totaled 6,081 head.
Canfax average feeder steer prices closed the week $1.00 higher while heifers strengthened $2.00/cwt. The largest week over week price increase was seen on steers weighing from 8-900 lbs; prices were $5.50 higher and new annual highs were established. Steers over 900 lbs traded $1.00-3.00 higher, the first time since November 2015 that prices have been above year ago levels. The western Canadian calf and feeder index closed the week at $213.89 and $186.25/cwt respectively. Alberta auction volumes totaled 11,000 head. Canadian feeder cattle export volumes to the US for the week ending April 8th totaled 6,081 head.
D1, D2 cow prices traded $1.00/cwt higher and live trade was reported from $97.00-116.00/cwt. Last week D3 cows averaged $95.75/cwt. Butcher bulls traded $2.50 higher to average $125.50/cwt and live trade was reported from $110.00-142.00/cwt. Canadian non-fed cattle export volumes to the US for the week ending April 8th totaled 4,440 head.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.