Alberta direct cattle sales so far this week have seen light trade develop with dressed sales ranging from 296.00-298.00 delivered, 1.00 higher than last week. Cattle that traded this week were being scheduled for early September delivery. Tentatively fed cattle prices did set new annual highs this week. Basis levels did weaken but stronger prices did encourage producers to market cattle. Cattle feeders are seeing a little relief on their cost of gains as barley prices continue to edge lower.
|D1, D2 Cows||D3 Cows||Bulls|
In the US, around 15,000 head of cattle traded between Texas and Kansas yesterday with live sales ranging from 138.00-140.00, steady with prices seen on Wednesday and 3.00 higher than last week. Light clean-up trade was reported in Iowa and Nebraska with dressed sales ranging from 229.00-232.00, steady to 4.00 higher. US steer carcass weights increased 1lb to average 894lbs, weights are 3lbs larger than last year. Grading has been somewhat disappointing, cattle grading Choice or Prime has been below last year in 16 out of the 18 weeks. This is part of the reason packers have been willing to pay a premium for longer fed, higher grading cattle.
|Choice Steers||138.00-140.00 (TX, KN)||229.00-232.00 (IA, NE)|
|Choice Heifers||138.00-140.00 (TX, KN)||229.00-232.00 (IA, NE)|
|140.45, -0.15||144.92, -0.17||150.95, -0.12|
|Boner Cows||Rail Average|
|Over 500 lbs.||US$ 170.11|
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.