Slaughter Report Last updated June 24, 2016
Feeder Report Last updated June 24, 2016
Alberta direct cattle sales so far this week have seen light trade develop with dressed sales 12.00 lower than the previous week. No live sales have been reported however using a 60% dressing percent, dressed bids are working back to the low 140's on a live basis. Over the past month fed prices have dropped 18.00 on a live basis and are on track to establish new lows this week.
|Steers||No trade||No trade|
|Heifers||No trade||No trade|
|D1, D2 Cows||D3 Cows||Bulls|
In the US, around 1,500 head of cattle traded between Iowa and Nebraska with dressed sales 5.00-7.00 higher than sales seen earlier in the week. Even though bids did strengthen from Tuesday and Wednesday initial sales in the North are still 2.00-8.00 lower than the previous week. Scattered trade was also reported in Texas with live sales at the top end of Wednesday's trading range. USDA is scheduled to release its June 1st cattle on feed report, pre-report estimates are indicating placements up 10% and marketings are forecasted to be up 5% year over year.
|Choice Steers||116.00 (South)||190.00 (North)|
|Choice Heifers||116.00 (South)||190.00 (North)|
|Boner Cows||Rail Avg|
|Over 500 lbs||151.07|
The nearby Canadian dollar at 8:30 this morning was trading at 77.21, down 0.93
|116.22, -0.52||112.95, -0.90||112.72, -0.90|
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 Southern 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 June 20, 2016
New lows were established last week as the weighted average fed steer price closed at $152.75/cwt, down $3.50 from the previous week. Steer dressed sales were reported from $250.50-259.00 FOB lot. Local packer interest in the cash market was light and bids eased over the course of the week. All the cattle that traded last week were being scheduled for the first half of July delivery. Cash to futures basis levels strengthened and still remain stronger than the five year average. Canadian fed cattle exports volumes to the US for the week ending June 4th totaled 1,738 head.
The Canfax average feeder steer price was $1.50 lower while heifers eased $0.50/cwt. Steers weighing from 5-800 lbs traded $1.50-4.00 lower while heifers weighing over 800 lbs were reported steady to $1.00 softer. The western Canadian calf and feeder index closed the week at $215.63 and $187.33/cwt respectively. Weekly Alberta auction volumes totaled 12,000 head. Canadian feeder cattle export volumes to the US for the week ending June 4th totaled 4,853 head.
D1, D2 cow prices traded $2.25 lower and live trade was reported from $95.00-110.00/cwt. Last week D3 cows averaged $91.75/cwt. Butcher bulls traded $2.50 lower to average $125.50/cwt and live trade was reported from $113.00-139.00/cwt. Canadian non-fed cattle export volumes to the US for the week ending June 4th totaled 4,676 head.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.