Daily Cattle Report

June 24, 2016

Slaughter Report Last updated June 24, 2016

Feeder Report Last updated June 24, 2016

Alberta Cattle Industry Market Report

Alberta direct cattle sales so far this week have seen light trade develop with dressed sales 12.00 lower than the previous week. No live sales have been reported however using a 60% dressing percent, dressed bids are working back to the low 140's on a live basis. Over the past month fed prices have dropped 18.00 on a live basis and are on track to establish new lows this week.

Yesterday Live Rail
Steers No trade No trade
Heifers No trade No trade

In the cow and bull trade in Southern Alberta on Thursday

D1, D2 Cows D3 Cows Bulls
90.00-100.00 80.00-90.00 115.00-125.00

US Trade

In the US, around 1,500 head of cattle traded between Iowa and Nebraska with dressed sales 5.00-7.00 higher than sales seen earlier in the week. Even though bids did strengthen from Tuesday and Wednesday initial sales in the North are still 2.00-8.00 lower than the previous week. Scattered trade was also reported in Texas with live sales at the top end of Wednesday's trading range. USDA is scheduled to release its June 1st cattle on feed report, pre-report estimates are indicating placements up 10% and marketings are forecasted to be up 5% year over year.

Yesterday Live Rail
Choice Steers 116.00 (South) 190.00 (North)
Choice Heifers 116.00 (South) 190.00 (North)

National slaughter cows traded:

Boner Cows Rail Avg
Over 500 lbs 151.07

Canadian Dollar

The nearby Canadian dollar at 8:30 this morning was trading at 77.21, down 0.93 

Chicago Mercantile Exchange

On the Chicago Mercantile Exchange, in midsession trade, live cattle futures are as follows:

June August October
116.22, -0.52 112.95, -0.90 112.72, -0.90

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 Alberta on Thursday:

  Steers Heifers
900+ n/a n/a
800-900 163.00-176.00 150.00-158.00
700-800 183.00-203.00 159.00-171.00
600-700 197.00-210.00 170.00-180.00
500-600 198.00-220.00 178.00-193.00
400-500 na 181.00-201.00
300-400 na na
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

ABP Weekly

Report for the week of June 20, 2016

New lows were established last week as the weighted average fed steer price closed at $152.75/cwt, down $3.50 from the previous week. Steer dressed sales were reported from $250.50-259.00 FOB lot. Local packer interest in the cash market was light and bids eased over the course of the week. All the cattle that traded last week were being scheduled for the first half of July delivery. Cash to futures basis levels strengthened and still remain stronger than the five year average. Canadian fed cattle exports volumes to the US for the week ending June 4th totaled 1,738 head.

The Canfax average feeder steer price was $1.50 lower while heifers eased $0.50/cwt. Steers weighing from 5-800 lbs traded $1.50-4.00 lower while heifers weighing over 800 lbs were reported steady to $1.00 softer.  The western Canadian calf and feeder index closed the week at $215.63 and $187.33/cwt respectively.  Weekly Alberta auction volumes totaled 12,000 head. Canadian feeder cattle export volumes to the US for the week ending June 4th totaled 4,853 head.

D1, D2 cow prices traded $2.25 lower and live trade was reported from $95.00-110.00/cwt. Last week D3 cows averaged $91.75/cwt. Butcher bulls traded $2.50 lower to average $125.50/cwt and live trade was reported from $113.00-139.00/cwt. Canadian non-fed cattle export volumes to the US for the week ending June 4th totaled 4,676 head. 

Bull.

  • Alberta and Saskatchewan cattle on feed report indicated May fed cattle marketings were up 17% compared to last year
  • US weekly cattle slaughter estimates are being reported at 607,000 head, the largest kill seen this year
  • Choice loin values have posted quite the rally over the past month and a half with prices trading above 2013, 2014 and 2015

Bear.

  • From Friday to Friday June and August LC have declined just over 4%
  • With holiday buying wrapping up there will be additional downside price risk to the beef market in the coming weeks
  • YTD US young chicken and turkey production is up 2.9% and 2.4%  respectively

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

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