Daily Cattle Report

May 20, 2016

Slaughter Report Last updated May 20, 2016

Feeder Report Last updated May 20, 2016

Alberta Cattle Industry Market Report

Alberta direct cattle sales so far this week have seen light trade develop with dressed sales 5.00-6.00 higher than the previous week. The majority of dressed sales have been reported at 275.00 delivered. US packer interest in the western Canadian fed market has been limited as all reported cash sales have traded locally.

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

In the cow and bull trade in Southern Alberta on Thursday

D1, D2 Cows D3 Cows Bulls
96.00-107.00 80.00-95.00 118.00-131.00

US Trade

In the US, just over 4,000 head of cattle traded between Iowa and Nebraska with dressed sales anywhere from steady to 5.00 lower than the previous week. Scattered trade was also reported in Kansas yesterday with live sales steady to 2.00 lower than Wednesday's trade. USDA is scheduled to release it May 1st cattle on feed report this afternoon. Pre-report estimates are indicating April placement volumes to be down 2% compared to last year while marketings are forecasted to be up 2%

Yesterday Live Rail
Choice Steers 130.00-132.00 (South) 204.00-206.00 (North)
Choice Heifers 130.00-132.00 (South) 204.00-206.00 (North)

National slaughter cows traded:

Boner Cows Rail Avg
Over 500 lbs 144.83

Canadian Dollar

The nearby Canadian dollar at 8:30 this morning was trading at 76.10, down 0.25 

Chicago Mercantile Exchange

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

June August October
121.12, -0.42 117.72, -0.60 117.57, -0.25

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 Southern Alberta on Thursday:

  Steers Heifers
900+ 165.00-171.00 150.00-157.00
800-900 173.00-185.00 157.00-164.00
700-800 182.00-197.00 171.00-181.00
600-700 205.00-215.00 177.00-190.00
500-600 211.00-221.00 180.00-200.00
400-500 n/a n/a
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 May 13, 2016

Looking at last week’s limited fed trade, dressed sales were reported from $269-270 delivered, $9-10 higher than the previous week, but volumes were too light to establish a market trend.  Live bids were reported in the upper $150’s to low $160’s, $5-6 higher than the previous week’s weighted average price.  Packers are still sounding short bought as the few cattle that were bought last week would be slaughtered before the end of the month.  Western Canadian slaughter volumes totaled just under 37,000 head.  For the week ending April 30th, USDA reported Canadian fed exports of 8,261 head.

Alberta feeder prices rebounded last week as the cattle complex tone turned cautiously optimistic.  On average, feeder prices rallied higher with rejuvenated grass interest propelling 600-800 lb feeders $5.50-10.00/cwt higher than the previous week.  Large feeders over 800 lbs generally traded $6.00-8.00/cwt higher on modestly improved feeding margins for the fourth quarter.  Weekly sale volumes of 15,862 head were 24% smaller than the previous week and YTD auction volumes are 2% lower than year ago.  For the week ending April 30th, USDA reported Canadian feeder exports of 8,607 head and YTD total 98,203 head.

Slaughter cow prices trended fully steady last week with D1,2 and D3 prices at auction firming $0.58/cwt.  Dressed bids were mostly steady at around $191-196/cwt delivered.  Butcher bull prices eased lower to average $125.68/cwt. Western Canadian non-fed slaughter for the week ending May 7th was down 18% compared with the previous week at 5,246 head and YTD non-fed slaughter was 13% higher.  Canadian non-fed exports to the US for the week ending April 30th totaled 4,863 head.  YTD non-fed exports of 89,040 head are 7% lower than last year.  

Bull.

  • Cutout values have firmed higher
  • Carcass weight are trending smaller
  • Delivery dates are timely

Bear.

  • June Live cattle futures are struggling to break $124.00 overhead resistance
  • Margins continue to be bleak
  • The cash to cash fed basis is seasonally weak

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

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