Alberta direct cattle sales Tuesday saw no new trade to report but there is a good chance scattered trade will develop by this afternoon. This week’s showlist has been compiled with volumes steady with the previous week. There have been reports packers are behind schedule picking up cattle. Based on the five-year average Alberta fed basis levels historically waken from July to August.
|D1, D2 Cows||D3 Cows||Bulls|
|Boner Cows||Rail Average|
|Over 500 lbs.||US$ 144.80|
In the US, over 1,000 head of cattle traded between Iowa and Nebraska yesterday with dressed sales marked at 197.00, fully steady with the previous week. Live sales in Nebraska ranged from 123.00-125.00, with a weighted average price just over 124.00. Prices are 2.00 higher than last week. A few cattle also traded in Texas at 120.00, fully steady with last week. Beef cutout values have been on a roller coaster ride, from the middle of June to the middle of July Choice cutout dropped $72.00/cwt. Since Mid-July to early August cutout have strengthened $20.00/cwt.
|123.25, 0.00||128.10, -0.05||133.02, -0.17|
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|
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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.