Canada cattle report: Sales volumes drop 19%

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

Light trade was reported by Wednesday afternoon with local sales generally $1.00 higher than the previous week. Moderate clean up trade carried into Thursday afternoon with bids static despite a technical surge. The Canfax weighted average steer and heifer prices were up, and averaged around $112/cwt and $111/cwt respectively. Sales volumes this week totaled 20,900, down 19% from the previous week. USDA reported Canadian fed exports to the US for the week ending May 5th totaled 6,700 down 28% from the previous week.

Feeder cattle at auction saw increased stability this week and prices generally firming $0.36/cwt higher than the previous week. Auction volumes last week were 10% smaller than the previous week at 18,080 head. YTD auction volumes were 15% lower than the same week last year. USDA reported Canadian feeder exports to the US for the week ending May 5th of 4,503 head.

D1,D2 slaughter cow prices firmed almost $1.00/cwt higher last week and D3 cows traded over $1.50/cwt higher. Butcher bull prices were up $0.29/cwt last week for an average price of $90.56/cwt. Canadian non-fed exports to the US for the week May 5th were at 3,807 head

Bull factors

• Cutout values are proving resilient
• US May 1st cattle on feed report was bullish
• Cattle futures are breaking through overhead resistance

Bear factors

• Formula priced marketing volumes are large
• US packers interest North could soften
• Local carcass weights may have bottomed and will trend larger



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


AG10 Series Silage Defacers

Loosen silage while maintaining a smooth, compacted bunker space resulting in better feed and less waste. This unique tool pierces, ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight