Slaughter Report Last updated September 24, 2018
Feeder Report Last updated September 24, 2018
Alberta direct cattle sales last week saw light trade develop weighted average steer and heifer prices closing the week at 146.25 and 145.50 respectively. Prices are 3.00-4.00 higher than the previous week. Fed prices are now at their highest point in seven weeks. Looking at the non-fed market butcher cows traded 1.00-2.00 lower through commercial auction facilities last week and established new annual lows.
|D1, D2 Cows||D3 Cows||Bulls|
In the US, most of the trade developed on Thursday and Friday. Dressed sales in the North were fully steady with the previous week while southern regions traded fully steady on a live basis. Last Friday's cattle on feed report should be viewed as slightly bearish as August placement volumes came in above pre-report estimates. September 1st cattle on feed inventories are 6% larger than last year, furthermore this is the largest cattle on feed inventory since reporting began.
|Boner Cows||Rail Avg|
|Over 500 lbs||107.70|
The nearby Canadian dollar at 8:30 this morning was trading at 77.48, down 0.02
On the Chicago Mercantile, in mid session trade, live cattle futures are as follows:
|112.30, -0.77||117.22, -1.22||121.30, -0.95|
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 September 17, 2018
The Canfax average fed steer and heifer price closed the week at $142.50/cwt and $142.00/cwt respectively. Prices are $8.75/cwt higher than last year and $13/cwt higher than 2016. Last week dressed sales ranged from $235.75-239.00/cwt FOB the lot. Cattle that were bought last week were being scheduled for the first half of October delivery. Last week the Alberta fed cash to futures basis was reported at -$2.11, the weakest basis level seen this year. Western Canadian fed slaughter volumes for the week ending September 8th totaled just over 37,500 head.
Calf and light weight stockers are trading $14-28/cwt higher than last year while yearling prices are $5-13/cwt higher. Last week the Canfax average feeder steer price closed the week fully steady while heifers traded $1/cwt lower. The largest week over week price decline was seen on 5-600 lb steer and heifer calves with prices $4/cwt lower. Steers weighing over 800 lbs traded steady to $0.75 lower while same weight heifers traded steady to $1/cwt higher. The Western Canadian calf and feeder indices closed the week at $219.12/cwt and $206.28/cwt respectively. Alberta auction volumes totaled just over 36,000 head last week. Canadian feeder cattle exports to the US for the week ending September 1st totaled 1,542 head.
D2 cows traded $2.50/cwt lower and live trade was reported from $79-92/cwt. Last week D3 cows averaged $76/cwt. Butcher bulls traded $6.50/cwt lower to average $106.25/cwt, and live trade was reported from $94-126/cwt. Over the past couple of weeks Alberta D2 cow prices have been trading at a $10-12/cwt premium over the US utility market. Butcher bull prices are trading at their lowest point since April. Canadian bull exports to the US for the week ending September 1st totaled 1,373 head.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.