Your Reading List

Rising Loonie Flattens U. S. Demand

Ca t t l e prices at Manitoba’s auction yards for the week ended May 29 varied by location and category. Some pressure in the slaughter market was noted, although prices and demand for grass-weight feeders was mainly steady to stronger. Prices for cow-calf pairs ran from $1,000 to $1,450.

The number of cattle passing through most auction rings was up from the previous week when bad weather was a factor but remained on the lighter side. The offerings are expected to get smaller as summer approaches, producers are busy in their fields and cattle are turned out to pasture.

Rural cattle yards in the province will shut down or turn to a lighter sale schedule during the summer months.

“Guys have been cleaning out their pens for about three weeks already, getting everything moved out, and that is why quality and showings were really mixed,” said Rick Wright, a livestock order buyer and cattle broker for Cattlex Ltd. at Hamiota.

The butcher steer and heifer market was steady while cow prices toward the end of the week were lower, Wright said.

Demand from south of the border was flat, as U. S. buyers have been sidelined by the remarkable strength of the Canadian dollar. The loonie gained over US13 cents over the past five weeks versus the U. S. greenback.

Markets which reported easier bids during the reporting period attributed the downward price pressure to the Canadian dollar.

At the auctions where prices did rise, local buying drove much of the demand.

“Demand for feeder cattle going to grass was once again extremely strong and that was mainly local. It was local guys buying small lots,” Wright said.

At the auction in Gladstone, the number of cattle up for sales was slightly lower than the previous week, with the sale consisting mainly of feeders.

Prices for lightweight heifers weighing up to 600 pounds were fairly strong while values for the rest of the market held steady to the previous week. Prices for better-quality steers were steady.

Sellers in the crowd were thought to have been generally happy with the prices their cattle fetched.

“It is difficult to really comment on what the market is really like this time of year because the majority of cattle are already through the system now,” said David Nickel, the auctioneer who ran the sale.

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 1,050 head of cattle were sold at the auction held on May 27.

In the slaughter market, older shelly cows sold for $15; D1 and D2 cows traded from $48 to $55; D3 and D5 cows brought $38-$45; and good bulls sold from $60 to $71.50.

Feeder steers weighing 800-900 lbs. ranged from $85 to $96.25; 700-800 lbs., $95-$112; 600-700 lbs., $105-$121.50; 500-600 lbs., $109-$126; and 400-500 lbs., $110-$130.

Feeder heifers in the 700-to 800-lb. weight category traded from $85 to $102; 600-700 lbs., $92-$114; 500-600 lbs., $95-$118; and 400-500 lbs., $100-$117.

Gladstone Auction Mart: The May 26 auction saw a total of 425 head of cattle sold at the Gladstone yard.

In the slaughter market, bulls sold from $40 to $67.50 while cows brought $15-$55.

Feeder steers in the 900-to 1,000-lb. weight category traded from $79 to $93; 800-900 lbs., $83-$101.50; 700-800 lbs., $94-$107.50; 600-700 lbs., $95-$116; 500-600 lbs., $90-$127; 400-500 lbs., $86-$129; and 300-400 lbs., $102-$118.

Feeder heifers weighing 900-1,000 lbs. sold from $82 to $91.50; 800-900 lbs., $75-$102.50; 700-800 lbs., $77-$105.50; 600-700 lbs., $84-$110; 500-600 lbs., $93-$122; 400-500 lbs., $90-$128.50; and 300-400 lbs., $100-$113.

Grunthal Livestock Auction Mart: There were 163 slaughter cattle and 425 feeders sold at the Grunthal yard May 27.

In the slaughter market, age-verified cows brought $44.50-$53.50, mature cows traded from $35 to $47 and lean cows, $20-$30. Age-verified bulls fetched $50-$65 and mature bulls, $35-$45.

Feeder heifers weighing 800-900 lbs. sold from $80 to $95.75; 700-800 lbs., $82-$103; 600-700 lbs., $85-$105.50; 500-600 lbs., $89-$115; 400-500 lbs., $97-$122; and under 400 lbs., $117-$126.

Feeder steers weighing 800-900 lbs. sold from $79 to $85; 700-800 lbs., $84-$96; 600-700 lbs., $93-$101.50; 500-600 lbs., $101-$113; 400-500 lbs., $104-$122; and under 400 lbs., $104-$123.

Heartland Livestock Services, Brandon: A total of 400 cattle were offered in Brandon during the week ended May 22.

In the slaughter market, D1-D2 cows traded from $44 to $59; D3, $37-$43; shelly cows, $25-$36; and good bulls, $69-$72.

Feeder steers weighing 800-900 lbs. saw $92-$99; 700-800 lbs., $98-$109; 600-700 lbs., $105-$117; 500-600 lbs., $110-$125; 400-500 lbs., $110-$128; and 300-400 lbs., $110-$126.

Feeder heifers weighing 900-1,000 lbs. sold for $82-$88.75; 800-900 lbs., $88-$95; 700-800 lbs., $92-$102.50; 600-700 lbs., $98-$106; 500-600 lbs., $100-$116; and 400-500 lbs., $108-$120.

Heartland Livestock Services, Virden: There were 449 cattle sold at the May 27 auction.

In the slaughter market, butcher steers brought $81-$85.50 while butcher heifers sold from $80 to $84.50. Age-verified/ young cows sold for $52-$58; D1-D2 cows, $50-$54; D3 cows $44-$49; shelly cows, $34-$44; and mature bulls $65-$71.

Feeder steers weighing 900-1,000 lbs. brought $87-$93; 800-900 lbs., $94-$103.50; 700-800 lbs., $101-$115; 600-700 lbs., $110-$120.75; 500-600 lbs., $114-$126; and 400-500 lbs., $118-$130.

Feeder heifers weighing 900-1,000 lbs. traded from $81 to $89; 800-900 lbs., $86-$94.50; 700-800 lbs., $94-$103; 600-700 lbs., $100-$109; 500-600 lbs., $103-$116; and 400-500 lbs., $105-$116.

Pipestone Livestock Sales: The May 25 auction saw 293 head of cattle sold. The sale included 76 slaughter animals and 217 feeders.

In the slaughter market, D1 cows brought $44-$55.25, D2 brought $33-$42 and age-verified cows saw up to $62-$69. D3 cows fetched from $17 to $20 and bulls from $63 to $71.

Feeder steers weighing over 900 lbs. fetched $84-$93; 800-900 lbs., $82-$95; 700-800 lbs., $89-$110; 600-700 lbs., $96-$115.75; 500-600 lbs., $108-$125; and 400-500 lbs., $105-$127.50. Feeder heifers weighing 800-900 lbs., $73-$91; 700-800 lbs., $82-$103.50; 600-700 lbs., $87-$112; 500-600 lbs., $94-$116; and 400-500 lbs., $90-$114.50.

Ste. Rose Auction Mart: A total of 525 cattle were auctioned off at the sale held on May 21.

In the slaughter market, D1 and D2 cows ranged from $50 to $53, D3 cows brought $30-$42 and bulls sold from $60 to $72.

Feeder steers weighing 800-900 lbs. traded from $90 to $102; 700-800 lbs., $94-$102.50; 600-700 lbs., $105-$124; 500-600 lbs., $110-$131; and 400-500 lbs., $110-$130.

Feeder heifers weighing 800-900 lbs. sold from $82 to $94; 700-800 lbs., $90-$97.50; 600-700 lbs., $90-$100; 500-600 lbs., $90-$103; and 400-500 lbs., $100-$111.

Taylor Auctions, Melita: The sale held on May 28 saw 162 slaughter cattle and 150 feeders sold.

In the slaughter market, A1-A2 steers weighing over 1,000 lbs. traded at $83-$87.25; A1-A2 heifers over 850 lbs., $80-$86; D1 and D2 cows sold from $50 to $58; D3 and D5 cows, $40-$50; and good bulls, $67-$72.

Feeder steers in the 900-to 1,000-lb. weight category ranged from $85 to $95; 800-900 lbs., $90-$104; 700-800 lbs., $100-$108; 600-700 lbs., $105-$117; 500-600 lbs., $105-$120; 400-500 lbs., $110-$122; and 300-400 lbs., $110-$125.

Feeder heifers weighing 800-900 lbs. fetched $82-$92; 700-800 lbs., $90-$100; 600-700 lbs., $95-$105; 500-600 lbs., $100-$107; 400-500 lbs., $105-$112; and 300-400 lbs., $105-$120.

Winnipeg Livestock Sales: There were 1,020 head of cattle on offer at the auctions held during the week ended May 29.

In the slaughter market, dry fed cows brought $38-$51; good fleshed, $35-$45; lean, $20-$35; young age verified, $50-$61; and good bulls, $55-$70.

Feeder steers weighing over 1,000 lbs. fetched $75-$78.50; 900-1,000 lbs., $80-$87; 800-900 lbs., $85-$94.25; 700-800 lbs., $90-$105; 600-700 lbs., $90-$114; 500-600 lbs., $100-$128.50; 400-500 lbs., $128-$135; and under 400 lbs., from $90 to $115.

Heifers weighing over 1,000 lbs. traded from $40 to $50; 900-1,000 lbs., $78-$85.75; 800-900 lbs., $80-$87.50; 700-800 lbs., $80-$98; 600-700 lbs., $80-$104; 500-600 lbs., $90-$111.50; and 400-500 lbs., from $95 to $114.

Comments

explore

Stories from our other publications