Daily Cattle Report

July 20, 2018

Slaughter Report Last updated July 20, 2018

Feeder Report Last updated July 20, 2018

Alberta Cattle Industry Market Report

Alberta direct cattle sales Thursday saw light trade develop with prices weakening from Wednesday to Thursday. Dressed sales were reported at 255.00 delivered. Sales are at the bottom end of last week's trading range. Buyers were indicating cattle that they bought this week were being scheduled for the first half of August delivery.  

Yesterday Live Rail
Steers --- 255.00 del
Heifers --- 255.00 del

In the cow and bull trade in Southern Alberta on Thursday.

D1, D2 Cows D3 Cows Bulls
90.00-100.00 77.00-88.00 107.00-124.00

US Trade

In the US, less than 100 head of cattle traded in Nebraska yesterday with live sales marked at 110.00. Sales are steady with the previous week. Bids in the south remain unchanged from earlier in the week as packers are bidding 108.00 on a live basis. Packers have bought very few cattle this week and buying interest should improve over the next several hours. USDA is scheduled to release its July 1st cattle on feed report this afternoon. Pre-report estimates are indicating June placements to be up 1% compared to last year while fed cattle marketings are forecasted to be up 1% as well.

Yesterday Live Rail
Choice Steers 110.00 (Nebraska) ---
Choice Heifers 110.00 (Nebraska) ---

National slaughter cows averaged:

Boner Cows Rail Avg
Over 500 lbs 118.11

Canadian Dollar

The nearby Canadian dollar at 8:30 this morning was trading at 76.23, up 0.70

Chicago Mercantile Exchange

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

August October December
109.12, +0.22 110.82, +0.17 114.42, 0.00

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 Central and Southern Alberta on Thursday

  Steers Heifers
900+ 175.00-185.00 ---
800-900

185.00-203.00

170.00-185.00
700-800 192.00-210.00 180.00-188.00
600-700 205.00-225.00 185.00-192.00
500-600 --- 190.00-200.00
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 July 16, 2018

The Canfax average fed steer and heifer price closed last week at $154.75 and $153.75/cwt respectively. Prices are $2/cwt higher than the previous week. Dressed sales ranged from $251.00-259.50/cwt FOB the lot. All reported cash sales traded locally.  Most of the cattle that traded last week were being scheduled for the second half of July delivery. Alberta fed cash to futures basis levels strengthened going from +13.08 to +16.81/cwt. Basis levels remain historically strong for the month of July.  Canadian fed cattle exports to the US for the week ending June 30th totaled 6,548 head, the fourth largest weekly export volume seen this year.

The Canfax average feeder steer price closed the week unchanged, while heifers strengthened $3.75/cwt.  The largest week over week increase was seen on 7-900 lb heifers with prices $6/cwt stronger.  Heifers weighing over 700 lbs are now trading above year ago levels. Steers weighing from 5-800 lbs traded steady to $3/cwt higher. Alberta auction volumes totaled just short of 12,000 head. Canadian feeder cattle exports to the US for the week ending June 30th totaled 2,250 head.

D2 cows traded $0.50/cwt higher and live trade was reported from $82-97/cwt. Last week D3 cows averaged $81/cwt. Butcher bulls traded $3.50/cwt higher to average $114.25/cwt, and live trade was reported from $102-131/cwt. Butcher bull prices established new annual highs last week. Canadian non-fed cattle export volumes to the US for the week ending June 30th totaled 3,410 head.

Bull.

  • Western Canadian steer carcass weights remain right in line with the ten-year average
  • On a cash to cash basis, Alberta fed prices have been at a premium over the Nebraska market for the past three weeks 
  • According to USDA, month over month all fresh beef retail prices increased from May to June

Bear

  • US Choice and Select loin values were $4-10/cwt lower
  • Last Friday’s Alberta/Saskatchewan cattle on feed report should be viewed as slightly bearish, with the sixth largest July 1st cattle on feed inventory since reporting began
  • Last Friday US fed prices traded $1-2/cwt lower on a live basis

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

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