Slaughter Report Last updated September 29, 2016
Feeder Report Last updated September 29, 2016
Alberta direct cattle sales Wednesday saw no new trade to report. Dressed bids have been reported from 215.00-217.00 delivered, initial bids are 10.00 lower than the previous week. No live bids have been reported however using a 60% dressing percent, dressed bids are working back on either side of 130.00 on a live basis.
|Steers||No trade||No trade|
|Heifers||No trade||No trade|
|D1, D2 Cows||D3 Cows||Bulls|
In the US, light trade was reported in all major feeding states yesterday. Dressed sales in the North were steady to 3.00 lower than trade seen on Tuesday and are also 5.00-6.00 lower than the previous week. Live sales in Texas and Kansas are 3.00-4.00 lower than the previous week. Packers have to be grinning ear to ear this week as they have been able to buy cattle cheaper while at the same time beef cutout values have strengthened. Over the past couple of days packer margins are estimated to be anywhere from 85.00-125.00/head positive.
|Choice Steers||103.00-104.00 (South)||160.00-163.00 (North)|
|Choice Heifers||103.00-104.00 (South)||160.00-163.00 (North)|
|Boner Cows||Rail Avg|
|Over 500 lbs||129.34|
The nearby Canadian dollar at 8:30 this morning was trading at 76.36, down 0.07.
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:
|103.97, +0.50||104.55, +0.92||104.85, +0.75|
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
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
All information sourced from Statistics Canada, Alberta Agriculture and Canfax.
Report for the week of September 26, 2016
Weighted average steer prices surged over $5.00/cwt higher than trade seen over the past two weeks and average heifers realigned par with prices seen during the week ending September 2nd. The majority of last week’s trade was dressed from $225.00-227.00 delivered. The weekly cash to futures basis strengthened an estimated $4.00 to -6.92. Western Canadian fed slaughter for the week ending September 17th totaled 43,602 head, 12% larger than the previous holiday week kill. YTD Western Canadian fed slaughter of 1,215,810 head was 4% larger than a year ago. Canadian fed cattle exports to the US for the week ending September 10th eased modestly to 5,736 head and YTD total 203,521 head.
Calf prices generally trended $3.00-8.00 higher last week with light calves less than 500 lbs seeing the largest week over week increase. Yearling prices saw similar strong demand with steers generally trading $5.00-7.00 higher and heifers up $3.00-5.00. The weekly Canadian feeder index strengthened over $4.50 last week to $178.37. Feeder exports to the US for the week ending September 10th rebounded from 1,206 to 2,844 head. YTD feeder exports totaled 153,590 head.
Butcher cows traded unevenly steady last week while butcher bull prices eased to new lows. Western Canadian cow prices have dropped $9.00/cwt since the beginning of September and dressed bids slipped to around $173.00-177.00 delivered. Even with this sharp price pull back over the past three weeks, Alberta D1, D2 cows still remain at a small premium compared to the US utility market. Canadian non-fed exports to the US for the week ending September 10th were modestly larger totaling 4,985 head.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.