Slaughter Report Last updated July 29, 2016
Feeder Report Last updated July 28, 2016
Alberta direct cattle sales so far this week have seen light trade develop with dressed sales steady to a couple dollars higher than the previous week. Cash to futures basis levels did weaken but still remain stronger than the 5 year average. All reported cash sales traded locally. Cattle that were bought this week were being scheduled for the middle of August delivery.
|Steers||No trade||No trade|
|Heifers||No trade||No trade|
|D1, D2 Cows||D3 Cows||Bulls|
In the US, likely regional deals but a couple hundred head of cattle traded in Iowa and Nebraska yesterday with dressed sales reported from 185.00-186.00, steady with the previous week. This light test of the market does not establish a market trend. There have been reports of packers scaling back hours which could moderate interest in the cash market.
|Choice Steers||No trade||No trade|
|Choice Heifers||No trade||No trade|
|Boner Cows||Rail Avg|
|Over 500 lbs||142.83|
The nearby Canadian dollar at 8:30 this morning was trading at 76.37, up 0.38.
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:
|112.92, -0.40||111.60, -0.50||112.00, -0.67|
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 Wednesday:
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
All information sourced from Statistics Canada, Alberta Agriculture and Canfax.
Report for the week of July 25, 2016
The Canfax average fed steer and heifer price closed the week at $145.00/cwt and $143.25/cwt respectively. Weighted average prices are $2.50-3.00/cwt lower than the previous week. Steer and heifer dressed sales were reported from $238.50-243.50 FOB lot. All reported cash sales traded locally. Packers are not long bought, buyers were indicating that cattle they bought last week would be lifted in 2-3 weeks. Canadian fed cattle export volumes to the US for the week ending July 9th totaled 3,505 head.
The Canfax average feeder steer price was $4.75 lower while heifers eased $2.25/cwt. Steers weighing from 4-800 lbs traded $1.00-6.00/cwt lower while heavier feeders weighing over 900 lbs were reported $2.00-2.50/cwt softer. Pressure to move yearlings off grass has been limited as grazing conditions remain favorable. The western Canadian feeder index closed the week at $174.26/cwt. Weekly Alberta auction volumes totaled 8,700 head. Canadian feeder cattle export volumes to the US for the week ending July 9th totaled 920 head.
D1, D2 cow prices traded $4.00/cwt higher and live trade was reported from $92.00-105.00/cwt. Last week D3 cows averaged $87.00/cwt. Butcher bulls traded $2.75/cwt higher to average $122.50/cwt and live trade was reported from $110.00-135.00/cwt. Canadian non-fed cattle export volumes to the US for the week ending July 9th totaled 4,254 head.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.