Alberta direct cattle sales so far this week have seen light trade develop with dressed bids and sales reported from $304.00-305.00 delivered, fully steady with the previous week. A few cattle traded in the upper $170’s FOB the feedlot, $3.00 lower than last week’s weighted average price. Cattle that traded this week were being scheduled for mid-January delivery. US packer interest has been quiet, and no cattle have been marketed into the US so far. Western Canadian packers did not get a lot of cattle bought and sale volumes are shaping up very light this week.
|Steers||---||304.00-305.00 del (bids/sales)|
|Heifers||---||304.00-305.00 del (bids/sales)|
|D1, D2 Cows||D3 Cows||Bulls|
In the US, around 5,000 head of cattle traded between Iowa and Nebraska yesterday with dressed sales ranging from $245.00-249.00, $2.00 higher than the previous week. Live sales in Nebraska were at $157.00, steady with prices seen on Wednesday and steady with last week as well. A few cattle traded in Kansas at $155.00, steady to $1.00 stronger. US steer carcass weights declined 1lb to average 930lbs, carcass weights are 8lbs larger than last year. Over the past three days the December corn contract has dropped 18 cent/bushel and is trading another 12 cents/bushel lower today. Feeder cattle futures have responded positively with some decent gains over the past couple of days.
|Choice Steers||155.00 (TX, KN) 157.00 (NE)||245.00-249.00 (NE, IA)|
|Choice Heifers||155.00 (TX, KN) 157.00 (NE)||245.00-249.00 (NE, IA)|
|153.35, +0.30||155.57, +0.15||159.37, +0.12|
|Boner Cows||Rail Average|
|Over 500 lbs.||US$ 144.64|
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.