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Cattle Market Update PDF Print E-mail
Written by Neil Billinger   
Monday, 14 September 2009 07:59
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Just over 9,600 head of cattle were sold at Saskatchewan auction markets last week.  That compares to the 9,386 that went through the sales ring during the first week of September.

Feeder cattle prices did not improve very much following a rough start to the month.  Most steer weight classes were unchanged from the previous week.   The only exceptions were 900 pound and over steers (up $1.75 per hundredweight) and 300-400 pound steers (down $5 per hundredweight).   

Feeder heifer prices varied from $1.90 per hundredweight lower for 400-500 pound animals . . . to $1.30 per hundredweight higher for 700-800 pound heifers.

Canfax did not report any Saskatchewan prices for fed steers or fed heifers this week.  Fed steers in Alberta averaged $82.07 per hundredweight, down $2.41 from the previous week.  Packers appear to have good supplies for the next few weeks.   Increased movement at wholesale and retail levels will be crucial to see an improvement in fed cattle prices.

D1,D2 cows in Alberta averaged $40.96 per hundredweight . . . compared to $40.91 at the beginning of the month.  

 

 

 

Feeder Cattle

Steers       Heifers      
  Range Average Change   Range Average Change
300-400 101-129 117.06 -5.00 300-400 90-112 103.83 -
400-500 100-124 113.39 n/c 400-500 88-107 97.36 -1.90
500-600 95-117 107.59 n/c 500-600 85-100 91.95 1.00
600-700 94-112 102.18 n/c 600-700 84-100 90.69 n/c
700-800 90-109 99.77 n/c 700-800 84-96 90.07 1.30
800-900 86-100 94.01 n/c 800+ 80-92 86.82 -1.60
900+ 84-95 90.48 1.75        


Steers   Heifers  
Live n/a Live n/a
Rail n/a Rail n/a
D1,D2 Cows   D3 Cows  
Live 36.00-47.00 Live 28.00-42.00
Rail 78.00-83.00 Rail -

Source: Canfax.


Friday Price Information

Product This Week Previous Week
Canadian Dollar (closing rate US$) 0.9271 0.9202
Thursday US Feeder Cattle Index (US$ per cwt) 98.38 98.95
       
Feed Grains    
Barley Saskatoon  ($/tonne)* 108.63 110.63
  ($/bu) 2.37 2.41
  Lethbridge  ($/tonne) 146.00 148.00
  ($/bu) 3.18 3.22
Corn    
  Iowa (CDN$/tonne)** 127.82  122.78 
  (US$/bu) 3.01 2.87
Futures    
  December Corn (US$/bu) 3.196 3.062
  October Live Cattle (US$) 87.225 86.65
  September Feeder Cattle (US$) 99.175 98.95

Source: ICE, Iowa Department of Agriculture and Land Stewardship, and CME
* Saskatoon barley price is Thursday closing price
** conversion to CDN$ is based on Friday CDN$ closing rate

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Last Updated on Wednesday, 16 September 2009 06:05