Alberta direct cattle sales Thursday saw light trade develop with dressed sales ranging from 260.00-263.00 delivered, 2.00-5.00 lower than the previous week. Yesterday live bids were reported in the low 150’s FOB the feedlot, 5.00 lower than last week’s weighted average price. Cattle that traded this week were being scheduled for the second half of November delivery. There were a couple instances where cattle would not be picked up until the first week in December. It was a tough week for both the fed cattle and non-fed market this week. Western Canadian packer competition on both markets were limited.
|D1, D2 Cows||D3 Cows||Bulls|
In the US, around 1,000 head of cattle traded between Iowa and Nebraska yesterday with dressed sales ranging from 195.00-196.00, mostly steady with prices seen earlier in the week and steady with last week as well. Sales in Texas and Kansas ranged from 123.00-124.00, steady with last week. USDA is scheduled to release its October 1st Cattle on Feed report this afternoon. Pre-report estimates are indicating September placements to be up 1% compared to last year while fed cattle marketings are projected to be down 1%. If realized this would put October 1st cattle on feed inventories down 1% versus last year.
|Choice Steers||123.00-124.00 (South)||195.00-196.00 (North)|
|Choice Heifers||123.00-124.00 (South)||196.00-195.00 (North)|
|124.97, n/c||129.30, -0.25||134.50, -0.27|
|Boner Cows||Rail Average|
|Over 500 lbs.||US$ 128.66|
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.