Slaughter Report Last updated May 20, 2016
Feeder Report Last updated May 20, 2016
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.
|Steers||No trade||No trade|
|Heifers||No trade||No trade|
|D1, D2 Cows||D3 Cows||Bulls|
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%
|Choice Steers||130.00-132.00 (South)||204.00-206.00 (North)|
|Choice Heifers||130.00-132.00 (South)||204.00-206.00 (North)|
|Boner Cows||Rail Avg|
|Over 500 lbs||144.83|
The nearby Canadian dollar at 8:30 this morning was trading at 76.10, down 0.25
|121.12, -0.42||117.72, -0.60||117.57, -0.25|
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 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.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.