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Marketings Light As Tax Year Winds Down

Ca t t l e marketings at Manitoba’s auction yards continued to be on the lighter side during the week ended Nov. 20 as livestock producers remain reluctant to move animals until the new tax year begins.

Values for top-of-the-line cattle continued to hold steady at fairly strong levels but discounts on second-cut cattle continued to be large.

“The cattle auction yards in Manitoba are unlikely to see any major movement until after the new tax year begins,” said Gene Parks with Pipestone Livestock Sales. Cattle producers held off moving their animals in 2008 until early in 2009 in the hopes of obtaining better prices, he noted.

“While prices did not necessarily match the expectation of the producers, they did ultimately move the animals in early 2009,” Parks said. “However, because the producers did move those animals then, they are trying to avoid making another major sale until 2010 in order to avoid being hit by the taxman twice in one year.”

Cattle producers were also still trying to make use of pastures where possible in order to avoid adding to the cost of feeding those animals, he said.

“However, if we were to get four to five inches of snow, let’s say in the next week, we could see some producers begin to move more cattle to the auction yards,” he said.

Parks felt cattle movement starting in early to mid-January would definitely begin to pick up from current levels.

“With the new tax year, cattle movement during the January-to-April period is likely to be fairly heavy,” he predicted.

Buyers for the cattle being marketed continue to be the usuals, Parks said. “Most of the demand is coming from locals, including feedlot operator.”

U. S. buyers, however, remain virtually absent. The continued strength of the Canadian dollar was linked to some of this reduced demand, as was mandatory country-of-origin labelling (COOL) requirements.

The value of the Canadian dollar moved between US95.34 and 93.57 cents during the latest week, which compared with the value of the Canadian unit on Nov. 13 of US95.1 cents.

FROM THE AUCTION FLOORS

Note: All prices are in Canadian dollars per hundredweight (cwt). These prices also generally represent the top one-third of sales reported by the auction yard.

Ashern Livestock Mart: An estimated 3,250 head of cattle were sold at the sale held Nov. 18. In the slaughter market, age-verified D1 and D2 cows traded from $40 to $44; D3 and D5 cows, $30-$40; older shelly cows, $20 and up; and good bulls, $45-$51.

Feeder steers weighing 900-1,000 lbs. ranged from $79 to $86.50; 800-900 lbs., $80-$90.25; 700-800 lbs., $86-$94.90; 600-700 lbs., $91-$100; 500-600 lbs., $100-$119.25; and 400-500 lbs., $105-$126.

Feeder heifers weighing 800-900 lbs. traded at $75-$81.75; 700-800 lbs., $77-$84.50; 600-700 lbs., $80-$90.25; 500-600 lbs., $89-$101.75; and 400-500 lbs., $90-$103.

Ashern will be closed for the holidays from mid-December to mid-January.

Gladstone Auction Mart: The Nov. 17 sale saw a total of 1,031 head of cattle sold. In the slaughter market, bulls sold from $35 to $42.75 while cows brought $15-$37.75.

Feeder steers in the 900-to 1,000-lb. category traded from $74 to $88; 800-900 lbs., $70-$94.75; 700-800 lbs., $80-$98.25; 600-700 lbs., $85-$107; 500-600 lbs., $95-$117; 400-500 lbs., $100-$128.50; and 300-400 lbs., $110-$131.

Feeder heifers weighing 900-1,000 lbs., sold from $65 to $69; 800-900 lbs., $60-$71.50; 700-800 lbs., $72-$86.50; 600-700 lbs., $75-$90; 500-600 lbs., $75-$95.50; 400-500 lbs., $80-$99; and 300-400 lbs., $84-$109.

Grunthal Livestock Auction Mart: There were 171 slaughter cattle and 1,007 feeders sold at the yard on Nov. 18. In the slaughter market, export cows traded from $37 to $42.50; mature fleshy cows, $30-$35; mature lean cows, $24-$30; feeding cows, $42-$48; export bulls, $46-$52; and mature bulls, $42-$45.

Feeder heifers weighing 800-900 lbs. sold from $74 to $83.50; 700-800 lbs., $77-$85; 600-700 lbs., $81-$85; 500-600 lbs., $85-$95.50; 400-500 lbs., $95-$103.50; and under 400 lbs., $102-$113.

Feeder steers weighing 800-900 lbs. sold from $78 to $86; 700-800 lbs., $86-$94; 600-700 lbs., $92-$103; 500-600 lbs., $100-$110.50; 400-500 lbs., $108-$116; and under 400 lbs., $113-$120.

Heartland Livestock Services, Brandon: A total of 1,176 cattle were on offer in Brandon during the week. A1-A2 steers traded from $70 to $75; D1-D2 cows $27-$40; feeder cows, $22-$27; shells, $15-$22; and good bulls, $38-$48.50.

Feeder steers weighing 900-1,000 lbs. went from $78 to $80.75; 800-900 lbs., $82-$87.25; 700-800 lbs., $90-$96.50; 600-700 lbs., $95-$105.50; 500-600 lbs., $105-$113.50; 400-500 lbs., $115-$124; and 300-400 lbs., $115-$127.

Feeder heifers weighing 900-1,000 lbs., sold for up to $79.50; 800-900 lbs., $75-$80.25; 700-800 lbs., $78-$85; 600-700 lbs., $80-$85.75; 500-600 lbs., $85-$97; 400-500 lbs., $90-$100; and 300-400 lbs., $92-$104.

Heartland Livestock Services, Virden: There were about 2,729 cattle sold at the sale held on Nov. 18. Butcher steers brought $70-$74 while butcher heifers sold from $69 to $73.50. Age-verified/young cows sold from $35 to $40.50; D1-D2 cows, $30-$35; D3 cows, $26-$30; shelly cows, $20-$26; and mature bulls, $45-$52.75.

Feeder steers weighing 900-1,000 lbs., brought $84-$90; 800-900 lbs., $85-$93.75; 700-800 lbs., $89-$97; 600-700 lbs., $93-$105; 500-600 lbs., $100-$108; 400-500 lbs., $108-$122; and 300-400 lbs., $110-$125.

Feeder heifers weighing 900-1,000 lbs. traded from $77 to $83; 800-900 lbs., $78-$85.75; 700-800 lbs., $78-$85; 600-700 lbs., $80-$91; 500-600 lbs., $86-$96; and 400-500 lbs., $90-$102.

Killarney Auction Mart: There were 504 cattle sold at the Nov. 19 sale. In the slaughter market, D1 and D2 cows went from $30 to $35; D3 and D4 cows, $20-$25; and bulls, $48.50-$51.50.

Feeder steers weighing 700-850 lbs. sold from $87 to $96; 500-700 lbs., $109-$115, plain to medium $93-$98; and under 500 lbs., $119-$127, plain to medium $108-$114.

Feeder heifers weighing 700-850 lbs. brought $80-$84; 500-700 lbs., $89-$99; and under 500 lbs., $108-$111, plain to medium $97-$100.

Pipestone Livestock Sales: There were 801 cattle sold at the sale held Nov. 16. Included in the sale were 182 slaughter animals and 801 feeders.

In the slaughter market, D1 and D2 cows sold from $29 to $33; age verified, $36-$42; D3 cows, $5-$20; age verified, $22-$28; and bulls, $42-$51.50.

Feeder steers weighing over 900 lbs. fetched $77-$84.50; 800-900 lbs., $82-$93.25; 700-800 lbs., $86-$93.25; 600-700 lbs., $90-$103.50; 500-600 lbs., $96-$112.50; 400-500 lbs., $102-$124.50; and 300-400 lbs., $102-$125.

Feeder heifers weighing over 900 lbs. went for $67-$78.75; 800-900 lbs., $70-$81; 700-800 lbs., $76-$85; 600-700 lbs., $83-$93; 500-600 lbs., $86-$98.50; 400-500 lbs., $90-$104; and 300-400 lbs., $90-$105.

Pipestone will hold its last sale of the year on Dec. 14. The tentative date for its first sale of the new year is Jan. 11, 2010.

Ste. Rose Auction Mart: A total of 2,475 cattle were sold at the Nov. 19 sale. In the slaughter market, D1 and D2 cows ranged from $30 to $35; D3-D4 cows, $20-$31; and bulls, $45-$50.

Feeder steers weighing 900-1,000 lbs. traded from $78 to $82; 800-900 lbs., $85-$92; 700-800 lbs., $88-$97; 600-700 lbs., $96-$104; 500-600 lbs., $105-$118; 400-500 lbs., $110-$126; and 300-400 lbs., $110-$129.

Feeder heifers weighing 800-900 lbs. went for $70-$78; 700-800 lbs., $75-$81; 600-700 lbs., $82-$90; 500-600 lbs., $88-$96; 400-500 lbs., $85-$100; and 300-400 lbs., $90-$101.

Taylor Auctions, Melita: The Nov. 19 sale saw 115 slaughter cattle and 700 feeders being sold. In the slaughter market, A1 and A2 steers over 1,000 lbs. ranged from $70 to $73.50 and A1 and A2 heifers over 850 lbs., $68-$72.50; D1 and D2 cows, $35-$42; and D3 and D5 cows, $25-$35.

Feeder steers weighing 900-1,000 lbs. brought $80-$88; 800-900 lbs., $85-$93; 700-800 lbs., $90-$98; 600-700 lbs., $95-$107; 500-600 lbs., $105-$114; 400-500 lbs., $110-$123; and 300-400 lbs., $115-$128.

Feeder heifers weighing 800-900 lbs. traded from $75-$80; 700-800 lbs., $78-$84; 600-700 lbs., $80-$93; 500-600 lbs., $90-$100; 400-500 lbs., $95-$105; and 300-400 lbs., $100-$108.

Winnipeg Livestock Sales: There were about 756 head of cattle sold during the week ending Nov. 20.

In the slaughter market, dry fed cows brought $32-$33; good fleshed, $25-$31; lean, $19-$25; young age verified, $32-$39; and good bulls, $35-$49.

Feeder steers weighing 700-800 lbs. brought $84-$93.50; 600-700 lbs., $89-$101; 500-600 lbs., $95-$110.50; and 400-500 lbs., $102-$123.

Feeder heifers weighing 700-800 lbs. brought $74-$81; 600-700 lbs., $80-$92.50; 500-600 lbs., $85-$93; 400-500 lbs., $85-$99; and under 400 lbs., $90-$104.

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