Slaughter Report Last updated February 20, 2017
Feeder Report Last updated February 20, 2017
Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at 158.25 and 156.50 respectively. Prices are steady to 1.50 higher than the previous week. All reported cash sales traded locally. Given how strong basis levels have been it is not surprising US packer interest in the cash market has been non-existent.
|D1, D2 Cows||D3 Cows||Bulls|
In the US, trade was delayed until the later stages of the week as the bulk of trade took place on Friday. Dressed sales in the North were fully steady with the previous week while southern regions also traded steady on a live basis.
|Choice Steers||119.00-120.00 (South)||190.00 (North)|
|Choice Heifers||119.00-120.00 (South)||190.00 (North)|
|Boner Cows||Rail Avg|
|Over 500 lbs||122.09|
The nearby Canadian dollar at 8:30 this morning was trading at 76.43, up 0.01
On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows: US markets are closed today for the Presidents Day holiday. *Friday close
|117.92*, +1.40||114.92*, +1.67||105.37*, +1.22|
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 Northern Alberta on Friday
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
All information sourced from Statistics Canada, Alberta Agriculture and Canfax.
Report for the week of February 13, 2017
Weighted average fed steer and heifer prices closed the week at $156.75/cwt and $156.25/cwt respectively. Prices were $0.50 higher than the previous week. Steer and heifer dressed sales were reported from $259.75-261.50/cwt FOB lot. Alberta fed steer prices remain at a $12.00 premium to the Ontario market. Locally, packers seem a little bit better positioned with cattle as there did not seem to be the urgency to buy cattle compared to a couple weeks ago. Alberta fed cash to futures basis levels weakened, closing the week at a +2.86. Canadian fed cattle export volumes to the US for the week ending January 28th totaled 4,834 head.
Canfax average feeder steer prices closed the week fully steady while heifer prices strengthened $0.50. Heifer calves and light weight stockers traded $1.50-4.50 higher while heifers weighing over 700 lbs traded steady to $1.00 weaker. Looking at the steers, the largest week to week price decline was seen on the 8-900 lb weight class as prices were reported $2.00 lower. The western Canadian calf and feeder index closed the week at $190.65/cwt and $169.10/cwt respectively. Alberta auction volumes totaled 22,700 head. Canadian feeder cattle export volumes to the US for the week ending January 28th totaled 2,028 head.
D1, D2 cow prices traded fully steady and live trade was reported from $87.00-100.00/cwt. Last week D3 cows averaged $82.50/cwt. Butcher bulls traded $2.00 lower to average $102.50/cwt and live trade was reported from $90.00-114.00/cwt. Canadian non-fed cattle export volumes to the US for the week ending January 28th totaled 4,656 head.
For more detailed information on markets this week please visit the Canfax website www.canfax.ca.