Premiums Narrow Further On Age-Verified Cattle

Ca t t l e auction yards in Manitoba during the week ended May 21 were not quite as busy as they have been, as the number of marketings begins its seasonal decline.

Producers continuing to concentrate on spring seeding, and beginning to turn their cattle out to pasture, resulted in the lower marketings, according to Henry Penner, with Grunthal Livestock Auction Mart. Cattle movement was also expected to slow further in the weeks ahead.

Feed supplies in the southeast corner of Manitoba were said to be adequate.

As for values, prices for cows continued to hold strong as demand from the packers also remained above average, Penner said. Good bulls traded steady to firmer, as did grass cattle. Feeder prices generally held steady.

Discounts for poor-quality cattle continued to be fairly steep, Penner said.

The premiums for age-verified cattle continued to narrow in, with Penner noting that the price advantage was only in the one-to 1.5-cent range at best.

Herb Lock, a livestock analyst with Farm Sense Marketing in Calgary, said the benefit of producers selling age-verified cattle has dissipated significantly. “The only time there is a benefit to selling age-verified cattle is if the buyers can buy in groups of 200 cattle or more.”

Demand for Manitoba cattle from Alberta’s feedlots was likely to undergo a bit of a decline as well, he said, in view of seasonal summer slowdowns.

Lock pegged feedlots in Alberta at about 70 per cent full, with only the bigger players in the market wanting to stock up on cattle at this time.

With the seasonal summer shutdowns in Alberta, he forecast that less than half the normal volumes of cattle are moved.

Fluctuations in the Canadian dollar failed to have a significant impact on the value of the cattle being sold, both Penner and Lock said. The Canadian dollar, as of May 21, was quoted at US94.15 cents, which compared with US96.94 cents on May 14. The Canadian unit ranged between US93.95 and US96.52 cents during the week.

FROM THE AUCTION FLOORS

Note: All prices 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 1,000 head of cattle were sold at the sale held May 19. In the slaughter market, older, shelly cows traded for $35 and up; age-verified D1 and D2 cows, $60-$66.25; D3 and D5 cows, $50-$60; and good bulls, $70-$82.

Feeder steers weighing 700-800 lbs. ranged from $90 to $113.50; 600-700 lbs., $100-$122.50; 500-600 lbs., $105-$128.50; and 400-500 lbs., $110-$134.50.

Feeder heifers weighing 700-800 lbs. brought $90-$104.50; 600-700 lbs., $94-$111.50; 500-600 lbs., $95-$116.50; 400-500 lbs., $100-$118; and 300-400 lbs., $104-$116.

Gladstone Auction Mart: The May 18 sale saw a total of 454 head of cattle sold at the Gladstone yard. In the slaughter market, bulls sold from $60 to $70 while cows brought $33-$57, with age verified up to $62.75.

Feeder steers in the 900-to 1,000-lb. weight category traded from $71 to $99.75; 800-900 lbs., $80-$103.75; 700-800 lbs., $90-$106.25; 600-700 lbs., $90-$114; 500-600 lbs., $100-$125; 400-500 lbs., $105-$130; and 300-400 lbs., $111-$134.

Feeder heifers weighing 900-1,000 lbs. sold from $65 to $86.50; 800-900 lbs., $70-$91; 700-800 lbs., $80-$100.50; 600-700 lbs., $80-$107; 500-600 lbs., $80-$110.50; 400-500 lbs., $90-$116.50; and 300-400 lbs., $90-$118.

Grunthal Livestock Auction Mart: There were 94 slaughter cattle and 153 feeders sold at the Grunthal yard May 19. In the slaughter market, fleshy export cows traded from $60 to $65; lean export cows, $56-$60; mature cows, $51-$57; feeding cows, $55-$67; and export bulls $72-$77.25.

Feeder heifers weighing 700-800 lbs. sold from $88-$95; 600-700 lbs., $95-$105; 500-600 lbs., $100-$108 and 400-500 lbs., $100-$111.

Feeder steers weighing 800-900 lbs., sold from $90 to $98; 700-800 lbs., $97-$106.50; 600-700 lbs., $100-$110; 500-600 lbs., $108-$117; and 400-500 lbs., $110-$124.

Heartland Livestock Services, Brandon: A total of 690 cattle were on offer in Brandon during the week. A1-A2 steers traded from $82 to $86.50; A1-A2 heifers, $80-$84; D1-D2 cows, $58-$62, age verified $59-$64.75; feeder cows, $48-$55; shells, $25-$48; and good bulls, $67-$73.75.

Feeder steers weighing 900-1,000 lbs. sold from $88 to $93; 800-900 lbs., $95-$103.50; 700-800 lbs., $101-$112; 600-700 lbs., $105-$113.50; 500-600 lbs., $110-$124; and 400-500 lbs., $115-$129.50.

Feeder heifers weighing 900-1,000 lbs. sold from $80 to $88; 800-900 lbs., $85-$93; 700-800 lbs., $90-$99.50; 600-700 lbs., $92-$106.50; 500-600 lbs., $98-$110; 400-500 lbs., $100-$113; and 300-400 lbs., $100-$117.

Heartland Livestock Services, Virden: There were about 741 cattle sold at the sale held May 19. Butcher steers brought $82-$86.75 while butcher heifers sold from $80 to $85.25. Age-verified/young cows sold from $59 to $65; D1-D2 cows, $58-$63; D3 cows, $52-$57; shelly cows, $48-$52; and mature bulls, $68-$77.

Feeder steers weighing 900-1,000 lbs. brought $86-$93; 800-900 lbs., $95-$104.50; 700-800 lbs., $100-$111.50; 600-700 lbs., $108-$122; 500-600 lbs., $111-$129; 400-500 lbs., $115-$136; and 300-400 lbs., $118-$136.

Feeder heifers weighing 900-1,000 lbs. traded from $77 to $82.75; 800-900 lbs., $81-$90; 700-800 lbs., $87-$99; 600-700 lbs., $94-$105; 500-600 lbs., $96-$111; and 400-500 lbs., $100-$113.

Killarney Auction Mart: There were 390 cattle sold at the May 20 sale. In the slaughter market, D1 and D2 cows went from $60 to $71.50; D3 and D4 cows, $42-$59; and bulls, $60-$78.

Feeder steers weighing 900-1,000 lbs. sold for $72-$82; 800-900 lbs., $84-$103; 700-800 lbs., $95.50-$111.50; 600-700 lbs., $104-$115; 500-600 lbs., $110-$124.50; 400-500 lbs., $118-$137.50; and 300-400 lbs., $128-$137.50.

Feeder heifers weighing 700-800 lbs. brought $89-$101; 600-700 lbs., $88.50-$105.50; 500-600 lbs., $92-$107.50; 400-500 lbs., $95-$111.50; and 300-400 lbs., $95.

Pipestone Livestock Sales: There were 240 cattle sold at the sale held May 17. Included in the sale were 70 slaughter cattle and 170 feeders.

In the slaughter market, D1 cows sold from $51 to $60.50; D2 cows, $41-$59; D3 cows, $34-$39; and bulls, $73-$76.75.

Feeder steers weighing 800-900 lbs. fetched $88-$103; 700-800 lbs., $102-$114; 600-700 lbs., $107-$124; 500-600 lbs., $115-$129; and 400-500 lbs., $116-$135. Feeder heifers weighing 800-900 lbs. traded from $86 to $97.50; 700-800 lbs., $90-$102; 600-700 lbs., $96-$106; 500-600 lbs., $100-$112; and 400-500 lbs., $105-$118.

No sale is scheduled at Pipestone for May 24 due to the Victoria Day holiday.

Ste. Rose Auction Mart: A total of 343 cattle were sold at the May 20 sale. In the slaughter market, D1 and D2 cows ranged from $54 to $60; D3-D4 cows, $40-$50; and bulls, $75-$83.75.

Feeder steers weighing 800-900 lbs. traded from $95 to $103; 700-800 lbs., $104-$113; 600-700 lbs., $110-$120; 500-600 lbs., $110-$125; and 400-500 lbs., $115-$126.

Feeder heifers weighing 600-700 lbs. brought $100-$112; 500-600 lbs., $98-$112; and 400-500 lbs., $95-$112.

Taylor Auctions, Melita: The sale held May 20 resulted in 110 slaughter cattle and 85 feeders being sold. In the slaughter market, A1 and A2 steers over 1,000 lbs., brought $82-$86; A1 and A2 heifers over 850 lbs., $80-$84; D1 and D2 cows, $55-$66; D3 and D5 cows, $45-$55; and good bulls, $68-$72.50.

Feeder steers weighing 900-1,000 lbs. brought $88-$94; 800-900 lbs., $90-$98; 700-800 lbs., $95-$107; 600-700 lbs., $100-$112; 500-600 lbs., $105-$120; 400-500 lbs., $110-$125; and 300-400 lbs., $110-$130.

Feeder heifers weighing 800-900 lbs. traded from $82 to $90; 700-800 lbs., $88-$95; 600-700 lbs., $90-$100; 500-600 lbs., $95-$105; 400-500 lbs., $100-$112; and 300-400 lbs., $100-$115.

Winnipeg Livestock Sales: There were about 427 head of cattle sold during the week ending May 21. In the slaughter market, choice steers and heifers sold from $83 to $86; select steers and heifers, $80-$83; dry fed cows, $50-$54; good fleshed, $48-$51; lean, $38-$48; young age verified, $50-$62; and good bulls, $65-$81.

Feeder steers weighing 900-1,000 lbs. brought $85-$95.50; 800-900 lbs., $95-$106; 700-800 lbs., $98-$110; 600-700 lbs., $100-$115.75; and 500-600 lbs., $115-$123.50.

Feeder heifers weighing 900-1,000 lbs. traded from $78 to $89; 800-900 lbs., $84-$93.75; 700-800 lbs., $85-$95; 600-700 lbs., $92-$107.50; and 500-600 lbs., $100-$112.

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