Alberta direct cattle sales Thursday saw light trade develop with dressed sales marked at 288.00 delivered, sales are positioned at the bottom end of last week’s trading range. Most of the cattle that traded this week were being scheduled for the week of June 20th delivery. Using a 142.00 Nebraska price, Alberta fed prices are trading at roughly a 9.00 discount against the US market. Sale volume wise, western Canadian packers did get quite a few cattle bought. This week’s cash offering has been cleaned up.
|Steers||---||288.00-293.00 del (This week)|
|Heifers||---||288.00-293.00 (This week)|
|D1, D2 Cows||D3 Cows||Bulls|
In the US, a couple hundred head of cattle traded in Iowa yesterday with dressed sales ranging from 225.00-228.00, 2.00-3.00 lower than last week. Live sales in Kansas were reported from 137.25-138.00, 1.00-2.00 lower. USDA is scheduled to release its May 1st cattle on feed report this afternoon, pre-report estimates are indicating April placements to be down 4% compared to last year while fed cattle marketings are projected to be down 2%. If realized this would put May 1st cattle on feed inventories up 1.4% compared to last year.
|Choice Steers||137.25-138.00 (KN)||225.00-228.00 (IA)|
|Choice Heifers||137.00-138.00 (KN)||225.00-228.00 (IA)|
|132.10, +0.60||132.50, +0.47||138.40, +0.40|
|Boner Cows||Rail Average|
|Over 500 lbs.||US$ 162.95|
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.