Daily Cattle Report

December 13, 2017

Slaughter Report Last updated December 13, 2017

Feeder Report Last updated December 12, 2017

Alberta Cattle Industry Market Report

Alberta direct cattle sales Tuesday saw no new trade to report but there is a chance scattered trade could develop by this afternoon. Technical price levels have improved from the beginning of the week. With tight fed cattle supplies, packers are slaughtering more cows. Western Canadian weekly cow slaughter volume was the largest seen since November 2014.

Yesterday Live Rail
Steers --- ---
Heifers --- ---

In the cow and bull trade in Central Alberta on Tuesday

D1, D2 Cows D3 Cows Bulls
83.00-93.00 72.00-80.00 91.00-105.00

US Trade

In the US, live bids of $114.00 surfaced in Texas and Kansas yesterday which did not get any cattle bought. Initial bids are $3.00 lower than the previous week. Light trade is expected to develop today as there are 700 head of cattle listed on the Fed Cattle Exchange. Yesterday Choice cutout values closed $1.50 lower and are now trading at the lowest point since the end of October.

Yesterday Live Rail
Choice Steers --- ---
Choice Heifers --- ---

National slaughter cows traded:

Boner Cows Rail Avg
Over 500 lbs 108.81

Canadian Dollar

The nearby Canadian dollar at 8:30 this morning was trading at 77.77, up 0.07.

Chicago Mercantile Exchange

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

December February April
116.17, +0.02 119.27, +0.12 120.92, -0.05

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 Alberta on Monday

  Steers Heifers
900+ 175.00-196.00 160.00-180.00
800-900 180.00-208.00 170.00-190.00
700-800 180.00-208.00 170.00-194.00
600-700 190.00-221.00 175.00-215.00
500-600 210.00-241.00 190.00-208.00
400-500 230.00-275.00 200.00-223.00
300-400 240.00-283.00 200.00-235.00
Bred Cows Bred Heifers Cow/Calf Pairs
--- --- ---

All information sourced from Statistics Canada, Alberta Agriculture and Canfax.

Canfax Weekly Article

Report for the week of December 11, 2017

The Canfax average fed steer and heifer prices closed last week at $152.00 and $148.25 respectively. Prices are steady to $1.00 higher than the previous week. Steer and heifer dressed sales ranged from $247.75-252.50 FOB lot.  Most of the cattle that sold last week will be lifted in one to two weeks. For the week ending December 2nd, western Canadian fed slaughter volumes totaled just over 33,000 head. Canadian fed cattle exports to the US for the week ending November 25th totaled 6,026 head.

The Canfax average feeder steer and heifer prices closed the week $3.25-4.75 lower. The largest week over week price decline was seen on 900 lb+ heifers with prices $7.75 lower. Heifer calves and light weight stockers traded $2.00-7.00 lower. Steer weighing over 800 lbs traded $4.50 lower. From their highs in late October/early November, steers weighting from 800-899 lbs have dropped $12.00/cwt. The western Canadian calf and feeder indices closed the week at $219.44/cwt and $202.32/cwt respectively. Alberta auction volumes totaled 42,346 head. Canadian feeder cattle exports to the US for the week ending November 25th totaled 2010 head.

D1, D2 cows traded $0.25 higher and live trade was reported from $81.00-93.00/cwt. Last week D3 cows averaged $76.50/cwt. Butcher bulls traded fully steady to average $96.00 and live trade was reported from $85.00-110.00/cwt. Canadian non-fed cattle export volumes to the US for the week ending November 25th totaled 3,076 head.

Bull.

  • From January to October Canadian beef exports are up 5% in volume and 7% in value
  • In terms of market ready supplies, there seems to be a hole as spring placed cattle are getting cleaned up while early placed yearlings still need additional days on feed
  • Western Canadian steer carcass weights have likely peaked for the year

Bear.

  • Fed cattle sales in the southern US were $3.00-4.00 lower on a live basis while dressed sales in the north were $2.00 lower
  • Food service and retail holiday beef purchasing should be winding down which could pressure the rib and loin complex 
  • In western Canada, weekly cow slaughter totaled over 10,000 head, the largest volume since the fall of 2014

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

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