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.
|D1, D2 Cows||D3 Cows||Bulls|
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.
|164.72, -0.17||158.80, -0.07||158.52, -0.07|
|Boner Cows||Rail Average|
|Over 500 lbs.||US$ 186.88|
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.