Cattle Report

Last Updated: 28/03/2023

Audio Updates

Feeder Report

Slaughter Report

Direct Sales

Alberta direct cattle sales Monday saw no new trade to report this week’s showlist has been compiled with volumes smaller than the previous week. Last week on a cash-to-cash basis Alberta fed prices were at a 14.00 discount against the Nebraska market, the strongest basis level in six months. Western Canadian steer carcass weights are the smallest they have been all year. With stronger prices feedlot margins have gone from negative to slightly positive. One could make the argument feedlot inventories are becoming more current.

Canadian Dollar

$73.39 0.04

Steer & Heifer Trade

	Live	Rail
Steers	---	---
Heifers	---	---

AB Cow & Bull Trade

D1, D2 Cows	D3 Cows	Bulls
125.00-142.00	90.00-124.00	135.00-165.00

US Trade

In the US, there is no new trade to report and not even a bid to speak of today. Significant trade will likely be delayed until the second half of this week. Asking prices are expected to start out around 167.00 on a live basis. April and June live cattle contracts have rallied around 300 points over the past two trading sessions. Early expectations are for cash prices to be steady to higher this week.

US Trade

	Live	Rail
Choice Steers	---	---
Choice Heifers	---	---

Chicago Mercantile Exchange

April	June	August
164.72, -0.17	158.80, -0.07	158.52, -0.07

National slaughter cows

Boner Cows	Rail Average
Over 500 lbs.	US$ 186.88

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.

	Steer	Heifer
900+	232.00-249.00	---
800-900	251.00-261.00	230.00-241.00
700-800	277.00-295.00	255.00-267.00
600-700	300.00-311.00	269.00-288.00
500-600	325.00-338.00	288.00-310.00
400-500	335.00-368.00	291.00-316.00
300-400	340.00-370.00	297.00-331.00

Bred Cows	Bred Heifers	Cow/Calf Pairs
---	---	---

Disclaimer: Information on this page is not for further distribution without permission from Canfax

Livestock Price Insurance Index

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.

Expiry Date	LPI-Fed Price	LPI-Feeder Alberta	LPI-Calf Alberta	LPI-Feeder SaskMan	LPI-Calf SaskMan
19-Jun-23	212	278	-	-	-
17-Jul-23	206	-	-	-	-
14-Aug-23	204	274	-	274	-
11-Sep-23	202	280	-	278	-
9-Oct-23	204	286	310	286	312
6-Nov-23	204	286	308	286	308
4-Dec-23	202	276	302	278	306

Last Updated on March 23, 2023. For more information visit lpi.ca