Daily Cattle Report

June 18, 2018

Slaughter Report Last updated June 18, 2018

Feeder Report Last updated June 15, 2018

Alberta Cattle Industry Market Report

Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at 142.50 and 141.50 respectively. Prices were 0.50-1.00 lower than the previous week. Most of the dressed sales last week were reported at 240.00 delivered. All reported cash sales traded locally. Cattle that traded last week were being sch for July delivery. Looking at the non-fed market butcher cows and bulls traded 1.00-3.00 lower through commercial auction facilities. Non-fed prices are 17.00-21.00 lower than last year.

Last week Live Rail
Steers --- 235.00-238.50
Heifers --- 236.00-238.50

In the cow and bull trade in Southern Alberta on Friday

D1, D2 Cows D3 Cows Bulls
89.00-96.00 73.00-88.00 111.00-122.00

US Trade

In the US, trade was delayed until the later stages of the week. Dressed sales in the north were 3.00-6.00 lower than the previous week while southern regions traded 2.00-5.00 lower on a live basis. Weekly slaughter volumes totaled 654,000 head, volumes are 15,000 head larger than last year.

Last week Live Rail
Choice Steers 110.00-113.00 176.00-181.00
Choice Heifers 110.00-113.00 176.00-181.00

National slaughter cows averaged:

Boner Cows Rail Avg
Over 500 lbs 117.12

Canadian Dollar

The nearby Canadian dollar at 8:30 this morning was trading at 75.74, down 0.13

Chicago Mercantile Exchange

On the Chicago Mercantile, in mid session trade,  live cattle futures are as follows:

June August October
108.00, -0.45 104.55, -0.22 106.77, -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 and Northern Alberta on Thursday

  Steers Heifers
900+ 159.00-165.00 ---
800-900 171.00-181.00 156.00-165.00
700-800 180.00-198.00 173.00-176.00
600-700 200.00-207.00 176.00-196.00
500-600 217.00-225.00 186.00-200.00
400-500 --- ---
300-400 --- ---
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

Report for the week of June 18, 2018

Alberta direct cattle sales trended modestly lower last week and dressed prices eased $1.00-2.00/cwt lower than the previous week. The majority of the dressed sales were from $238.00-240.00 delivered and are scheduled for mid to second half July delivery. Total sale volumes were moderate and the showlist was mostly cleaned up. Western Canadian fed slaughter for the week ending June 9th totaled 44,452 head and YTD was 8% larger at 787,605 head. Canadian fed cattle exports to the US for the week ending June 2nd eased to 3,390 head and YTD total 112,687 head.

Feeder volumes seasonally are winding down with many commercial auction facilities indicating 50 to75% of their offering were non-fed cattle. Despite lighter volumes of calves and feeders, demand continues to be quite good. Alberta 750 lb steers are trading within $1.00 of their annual highs and on a cash to cash basis, Alberta prices are trading about par with US market. Feeder cattle exports to the US totaled 5,456 head. Over the past three weeks feeder exports have averaged 5,415 head compared 1,302 head last year.

Alberta and Ontario cow prices have been moving in opposite directions as of late. Over the past two weeks Alberta D1, D2 cow prices have dropped $4.50/cwt and are trading $8.50 back of their highs set back in early May. On the other hand, Ontario cow prices have trended higher in four out of the past five weeks and new annual highs were established last week. Non-fed volumes through commercial auction facilities remain quite large for this time of year. Western Canadian cow slaughter for the week ending June 9th totaled just over 6,300 head, 8% larger than the same week last year. Alberta D1, D2 cow prices remain at a $17.00 premium over the US utility market.

Bull.

  • Canadian steer carcass weights for the week ending June 9th were 13 lbs lighter than year ago.
  • Good export demand continues
  • Boxed beef prices remain surprisingly strong

Bear.

  • AB and SK Cattle on Feed Report indicates larger placements, lower marketings and +1% on feed
  • Post Fathers Day beef demand will seasonally soften
  • Record large pork production is expected to build moving forward

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

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