Daily Cattle Report

January 13, 2017

Slaughter Report Last updated January 13, 2017

Feeder Report Last updated January 13, 2017

Alberta Cattle Industry Market Report

Alberta direct cattle sales so far this week have seen light trade develop with dressed sales ranging from 268.00-270.00 delivered. Initial sales are steady to 5.00 higher than the previous week. Tentatively prices are on track to average above 160.00 this week. If realized this would be the highest close seen since the beginning of June. Fed prices have now strengthened for thirteen consecutive weeks.

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

In the cow and bull trade in Central Alberta Thursday:

D1, D2 Cows D3 Cows Bulls
89.00-105.00 80.00-88.00 97.00-109.00

US Trade

In the US, a couple hundred head of cattle traded hands in Texas yesterday with live sales 1.00-3.00 lower than prices seen on Wednesday and are 1.00 lower than the previous week. Very light trade was reported in Iowa yesterday with dressed sales 2.00 lower than the previous week. USDA released carcass weight data yesterday, steer carcass weights increased 3lb from the previous week to average 900lb while heifer weights declined 1lb to average 833lb.

Yesterday Live Rail
Choice Steers 117.00* few (South) No trade
Choice Heifers 117.00* few (South) No trade

National slaughter cows traded:

Boner Cows Rail Avg
Over 500 lbs 113.83

Canadian Dollar

The nearby Canadian dollar at 8:30 this morning was trading at 76.13, down 0.08

Chicago Mercantile Exchange

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

February April June
117.15, -0.32 116.42, -0.05 106.75, -0.07

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 and Southern Alberta on Thursday 

  Steers Heifers
900+ n/a n/a
800-900 168.00-175.00 150.00-160.00
700-800 175.00-182.00 155.00-166.00
600-700 181.00-192.00 160.00-170.00
500-600 190.00-208.00 167.00-181.00
400-500 n/a 179.00-189.00
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 December 19, 2016

Weighted average fed steer prices closed the week at $153.75/cwt, $3.25 higher than the previous week.  Dressed sales were reported from 255.00-258.50 FOB lot. Fed cattle prices have rallied for nine consecutive weeks, and in the process, new second half highs have been established. Premiums were noted on quick delivery cattle, cattle that sold last week were being scheduled for the second half of December delivery.   Canadian fed cattle export volumes to the US for the week ending December 3rd totaled 6,771 head.

The Canfax average feeder steer and heifer prices closed last week $1.00 higher. Calves and light weight stockers traded steady to $4.00 higher. Steers and heifers weighing over 800 lbs traded steady to $1.50 higher.  The western Canadian calf and feeder index closed the week at $189.35/cwt and $174.92/cwt respectively. In terms of marketing, stronger cash prices have prompted some producers to sell cattle ahead of schedule.  Alberta auction volumes totaled just over 32,000 head. Canadian feeder cattle export volumes to the US for the week ending December 3rd totaled 237 head.

D1, D2 cow prices traded $2.00/cwt higher, and live trade was reported from $85.00-100.00/cwt. Last week D3 cows averaged $84.25/cwt. Butcher bulls traded $1.00/cwt higher to average $102.50/cwt and live trade was reported from $91.00-115.00/cwt. Canadian non-fed cattle export volumes to the US for the week ending December 3rd totaled 4,861 head. 

Bull.

  • Alberta/Saskatchewan cattle on feed inventories remain below last year and the five-year average
  • Alberta fed cash to cash and cash to futures basis levels remain historically strong
  • Feedlots inventories remain very current as fed cattle are being pulled forward 

Bear.

  • Week over week Choice rib values were reported $20.00 lower, indicating holiday buying is wrapping up
  • To maintain margins, local packers could be forced to slow chain speeds sooner rather than later  
  • Total US red meat production is up 3.3% YTD 

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

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