Alberta direct cattle sales Wednesday saw light trade develop with dressed sales marked at 265.00 delivered, sales are steady to 2.00 lower than last week. All three Western Canadian packers are showing interest on the cash market but competition to own cattle seems to be a little weaker compared to last week. Usually in late April/early May, fed cash sales volumes are rather large but overall sale volumes have been fairly moderate over the past couple of weeks. Even though fed prices are at annual highs feedlot margins remain negative. A lot of early placed calves have breakevens in the mid 160’s.
|D1, D2 Cows||D3 Cows||Bulls|
|Boner Cows||Rail Average|
|Over 500 lbs.||US$ 135.67|
In the US, very light trade was reported in Nebraska yesterday with dressed marked at 188.00, 2.00-3.00 lower than last week. Around 1,000 head of cattle also traded in Texas and Kansas yesterday with live sales ranging from 118.50-119.00, sales are steady to 0.50 higher than last week. Beef cutout values continue to impress, in 15 out 16 days Choice cutout have closed higher. At these kind of price levels export demand has to be fading. Given strengthening cutout and lower cattle prices packers are making 700-800/head.
|Choice Steers||118.50-119.00 (South)||188.00 (North)|
|Choice Heifers||118.50-119.00 (South)||188.00 (North)|
|115.05, +0.62||117.60, -0.12||122.75, -0.35|
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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