Slaughter Report Last updated October 21, 2016
Feeder Report Last updated October 21, 2016
Alberta direct cattle sales so far this week have seen light trade develop with the bulk of dressed sales being marked at 222.00 delivered. Initial sales are 2.00-7.00 higher than the previous week. Live sales have been noted in the low 130's which is a couple dollars higher than last week's weighted average price.
|Steers||No trade||No trade|
|Heifers||No trade||No trade|
|D1, D2 Cows||D3 Cows||Bulls|
In the US, a couple thousand head of cattle traded between Iowa and Nebraska yesterday. Dressed sales were marked at 154.00 which is fully steady with the previous week while live sales ranged from 96.00-99.00. No trade was reported in the southern states yesterday. USDA is scheduled to release its October 1st cattle on feed report this afternoon, pre-report estimates are indicating September placement volumes to be up 3% compared to last year while fed cattle marketings are forecasted to be up 6%.
|Choice Steers||No trade||154.00 (North)|
|Choice Heifers||No trade||154.00 (North)|
|Boner Cows||Rail Avg|
|Over 500 lbs||117.48|
The nearby Canadian dollar at 8:30 this morning was trading at 75.10, down 0.55.
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:
|101.12, +2.10||102.07, +1.95||102.72, +1.42|
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 Wednesday
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
All information sourced from Statistics Canada, Alberta Agriculture and Canfax.
Report for the week of October 17, 2016
Alberta fed steer prices declined $4.50 last week but still remain $1.00 higher than annual lows that occurred in early September. It should be noted from annual highs to annual lows both the Alberta and Ontario fed prices have declined 28%. Based off the five-year average, October is traditionally the second weakest cash to cash basis month of the entire year. That has not been the case this year as Alberta fed cattle prices have traded -0.51 to -0.05 against the Nebraska market over the past two weeks.
The Alberta feeder market continued to trend lower last week with calf prices generally $3.50-5.50/cwt lower. Large feeder steers over 800 lbs saw a similar price decline while same weight heifers were sharply $7.50/cwt lower. Eastern buying interest was observed and enhanced local buying competition. Weekly auction volumes were 22% larger than the previous week. YTD auction volumes are running 9% below year ago totaling 887,899 head. Canadian feeder exports to the US for the week ending October 1st surged to 3,308 head. Total YTD feeder exports were 39% lower than year ago totaling 161,153 head.
Seasonally ample non-fed offerings pressured prices lower last week and slaughter cows eased $1.50-2.50/cwt lower. D1,2 cows averaged $88.79/cwt and D3’s continue to trade at a $10.00/cwt discount. Butcher bull prices slipped lower to average $110.70. Western Canadian non-fed slaughter for the week ending October 8th was 8% smaller than the previous week at 5,323 head. YTD western Canadian non-fed slaughter was 11% larger with a total of 236,727 head. Canadian non-fed exports to the US for the week ending October 1st were down 10% totaling 4,698 head.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.