Alberta direct cattle sales last week saw light trade develop with weighted average steer prices closing the week around $232.75/cwt, fully steady with the previous week. Last week buying interest was noted from all three Western Canadian packers. Butcher cow traded $4.00-5.00/cwt lower through commercial auction facilities last week. Cow prices have declined for eleven consecutive weeks dropping $23.00/cwt. Over the past couple of weeks there has been a noticeable decline in feeder cow buying interest. The bight spot of the non-fed market has been butcher bulls. Last week butcher bulls traded $2.00/cwt higher, butcher bull prices are trading $6.00/cwt shy of their summer highs.
|Steers||---||387.00-388.50 FOB lot last week|
|D1, D2 Cows||D3 Cows||Bulls|
In the U.S, dressed sales in Iowa and Nebraska ranged from $290.00-291.00/cwt, $1.00-2.00/cwt lower than the previous week. Live sales in Nebraska were at $184.00/cwt, $1.00/cwt weaker. Sales in Texas and Kansas were from $183.00-184.00/cwt, steady to a little stronger. Last week’s cattle slaughter was estimated at 612,000 head, 55,000 head smaller than last year. For the end of September this is the smallest slaughter volumes since 2015. For the end of August total beef in cold storage is 18% below last year.
|Choice Steers||183.00-184.00 (TX, KN), 184.00 (NE) last week||290.00-291.00 (IA, NE) last week|
|Choice Heifers||183.00-184.00 (TX, KN) 184.00 (NE) last week||290.00-291.00 (IA, NE) last week|
|185.92, +1.72||189.80, +1.87||194.32, +1.82|
|Boner Cows||Rail Average|
|Over 500 lbs.||US $211.02|
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.
|Bred Cows||Bred Heifers||Cow/Calf Pairs|
Disclaimer: Information on this page is not for further distribution without permission from Canfax
The Cattle Price Insurance Program offers producers the ability to manage their bottom line by purchasing price insurance to provide a floor price on future cattle sales. This is a snapshot of top coverage offered this past week. LPI-Calf is available to purchase from February to June.