AB Direct - Steers

Live: ---
Rail: ---

AB Direct - Heifers

Live: ---
Rail: ---

US Trade- Steers

Live: 138.00-140.00 (TX, KN)
Rail: 229.00-232.00 (IA, NE)

US Trade - Heifers

Live: 138.00-140.00 (TX, KN)
Rail: 229.00-232.00 (IA, NE)

Canadian Dollar

$78.15
0.20
July 12, 2021 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of July 12, 2021

Alberta direct cattle sales saw moderate volume trade last week with weighted average prices closing $2.28 and $3.14/cwt lower than the previous week for steers and heifers respectively. Dressed prices were generally $3-4/cwt lower than the previous week’s rail average in a full $258-263/cwt delivered trade range. Light live trade was reported comparable with rail sales at $154.50/cwt. Western Canadian fed cattle slaughter for the four-day week ending July 3rd was not surprisingly 18% smaller than the previous week and YTD Western fed slaughter was 19% larger totaling 1,071,238 head. Canadian fed cattle/cow exports to the US for the week ending June 26th were mostly steady with the previous week at 4,114 head.

Auction volumes were light last week and prices trended steady to lower. Over the past couple of weeks there has been a good mix of grass yearlings and background feeders trading on the cash market. In spots, lighter fleshed steers coming out of background lots are not trading at much of a discount compared to grass cattle. The largest price difference between background and grass cattle is showing up on heifers. Last week, BC and SK steer calves weighing from 500-600 lbs for October/November delivery traded from $212-241/cwt with a weighted average price of $224.48/cwt based at 553 lbs. On average same weight heifers were priced $25/cwt back of the steers. Forward delivery calf prices are not too far out of line with current cash prices.

With the July 1st holiday, small sale volumes were noted last week with only a few auction facilities running sales. The auction marts that did run a sale were reporting over 50% of their offering was non-fed cattle. Drought pressure continues to be evident as there has been more cow/calf pairs and non-fed cattle on the market compared to what would normally be on offer for this time of the year. From their first half of the year high in mid-June, butcher cow prices have dropped $5-8/cwt. June was a big cow slaughter month for Western Canada, cow slaughter totaled over 28,000 head, the largest slaughter since 2010. YTD Canadian bull exports are down 22% compared to last year, with fewer bulls being exported to the US more are being slaughtered in Canada.

Bull.

  • Exports are strong with Ractopamine free beef continuing to head to China
  • Summer fed supplies are manageable

Bear.

  • Non-fed slaughter supplies could surge larger
  • Moisture across the prairies has been limited
  • Ample US market ready supplies will discourage Canadian live fed exports

For over 50 years, Canfax has provided expert analysis of markets and trends in the ever changing North American beef industry. In this new millennium, cattlemen, feedlot managers, and agri-business professionals will continue to rely on up-to-the-minute information as an essential tool for maximizing profit in today’s beef sector. Whether your operation needs to plan for three hours or three years into the future, Canfax delivers timely, accurate information for 21st Century cattle industry professionals.

Those interested in becoming Canfax members can sign up on the website at www.canfax.ca

Disclaimer: Not for further distribution without permission from Canfax

Share this on

Leave a Reply

Your email address will not be published.

Top Stories

August 12, 2022 Checking in with ABP

Check-off at Work | Until the Cows Come Home: Five Strategies to Stop Sickness Before It Starts This Fall 

August 11, 2022 Inspiration

What We’re Reading | More than 100 farms preparing for kickoff of Alberta Open Farm Days

August 10, 2022 Checking in with ABP

The Young Guns Contest is Back

Cattle Report

Updated: 12/08/2022

Steers

Live: ---
Rail: ---

Heifers

Live: ---
Rail: ---

Choice Steers

Live: 138.00-140.00 (TX, KN)
Rail: 229.00-232.00 (IA, NE)

Choice Heifers

Live: 138.00-140.00 (TX, KN)
Rail: 229.00-232.00 (IA, NE)

Boner Cows

Over 500 lbs: US$ 170.11

Canadian Dollar

$78.15   0.20

Livestock Price Insurance Index

Expiry Fed Feeder Calf
7-Nov 174 226 -
5-Decv 174 222 -
30-Jan 184 226 -
27-Feb 182 226 -
27-Mar 188 230 -
24-Apr 192 230 -
Last Updated on August 11, 2022