8
MARKETS
MARCH 3, 2011 | WWW.PRODUCER.COM | THE WESTERN PRODUCER
CATTLE & SHEEP
GRAINS Slaughter Cattle ($/cwt)
Steers 600-700 lb. (average $/cwt)
Grade A
Alberta
Live Previous Feb. 18-Feb. 24 Feb. 11-Feb. 17
$140
Steers Alta. Ont. Sask. Man. Heifers Alta. Ont. Sask. Man.
$135
*Live f.o.b. feedlot, rail f.o.b. plant.
$145 $140 $135 $130 $125 1/24 1/31
2/7
2/14 2/18 2/28
Saskatchewan $145
n/a 98.87-109.67 n/a 94.00-98.75
84.05 86.99 n/a 75.25
174.50-176.85 176.00-182.00 n/a n/a
176.50-179.85 178.00-181.00 n/a n/a
n/a 95.03-106.19 n/a 91.00-95.00
104.50 95.08-106.50 n/a 93.00-97.75
84.67 86.03 n/a 74.75
175.85-176.85 175.00-181.00 174.00 n/a
177.85-179.50 177.00-180.00 n/a n/a Canfax
Feeder Cattle ($/cwt) 2/7
2/14 2/18 2/28
Manitoba $140 $135 $130 $125 $120 1/24 1/31
2/7
2/14 2/18 2/28
Heifers 500-600 lb. (average $/cwt) Alberta $160
Steers 900-1000 800-900 700-800 600-700 500-600 400-500 Heifers 800-900 700-800 600-700 500-600 400-500 300-400
Sask.
Man.
Alta.
B.C.
105-115 110-127 115-138 125-148 135-170 145-183
105-119 110-125 115-135 128-149 140-167 150-174
106-122 112-128 120-139 130-153 144-174 150-184
no sales 115-122 116-127 125-141 140-159 152-166
105-121 110-127 114-135 122-145 130-154 130-156
102-118 110-126 115-135 125-145 130-155 130-150
100-121 110-130 120-138 128-155 135-160 140-163
96-107 107-117 117-129 123-147 135-152 140-162 Canfax
$140
Average Carcass Weight
$130 2/7
2/14 2/18 2/28
Canfax
Steers Heifers Cows Bulls
Saskatchewan $140 $135
Feb. 19/11 Feb. 20/10 848 867 788 817 677 669 1018 986
$130
2/7
2/14 2/18 2/28
Manitoba $150 $140 $130 $120 $110 1/24 1/31
YTD 10 869 814 670 949
U.S. Cash cattle ($US/cwt)
$125 $120 1/24 1/31
YTD 11 855 790 677 1004
2/7
2/14 2/18 2/28
Heifers 110.69 110.58 n/a 180.56
Feeders No. 1 (700-799 lb) Steers South Dakota 120.50-136.85 Billings 121.50 Dodge City 125-129
Trend steady/+2 n/a firm/+2
Cash Futures -5.92 -5.04 n/a n/a -15.81 -14.93 Canfax
Canadian Beef Production million lb. YTD % change Fed 259.6 -5 Non-fed 54.3 -12 Total beef 313.9 -6 Canfax
Cattle / Beef Trade Exports % from 2009 83,834 (1) -23.7 8,922 (1) -28.6 308,768 (3) +5.3 407,495 (3) +7.7 Imports % from 2009 n/a (2) n/a 54,694 (2) +0.8 15,921 (4) +25.9 18,122 (4) -8.5
Sltr. cattle to U.S. (head) Feeder C&C to U.S. (head) Total beef to U.S. (tonnes) Total beef, all nations (tonnes) Sltr. cattle from U.S. (head) Feeder C&C from U.S. (head) Total beef from U.S. (tonnes) Total beef, all nations (tonnes)
(1) to Feb. 12/11 (2) to Dec. 31/10 (3) to Dec. 31/10 (4) to Feb. 12/11 Agriculture Canada
Alberta $160 $150 $140 $130 n/a
Close Close Feb. 25 Feb. 18 Live Cattle Feb 112.03 111.05 Apr 114.10 115.15 Jun 115.85 116.18 Aug 117.53 117.58 Oct 120.40 120.05 Feeder Cattle Mar 129.83 130.08 Apr 131.63 131.75 May 132.43 132.25 Aug 132.58 132.80 Sep 132.10 132.00
Trend Year ago
Apr 03-Apr 16 Apr 17-Apr 30 May 01-May 14 May 15-May 28 May 29-Jun 11 Jun 12-Jun 25 Jun 26-Jul 09 Jul 10-Jul 23 Jul 24-Aug 06 Aug 07-Aug 20 Aug 21-Sep 03
Maple Leaf Feb. 25 152.21-154.46 158.95-162.99 170.40-171.30 173.09-173.54 171.30-173.09 176.24-176.24 175.13-175.34 175.13-176.03 175.05-176.03 171.44-175.05 161.56-168.73
+0.98 -1.05 -0.33 -0.05 +0.35
90.30 91.93 90.40 88.83 91.55
2/7
2/14 2/18 2/28
Barley Sp Select 6-row $360 $350 $340
$320 1/24 1/31
2/7
2/14 2/18 2/28
Barley Sp Select 2-row $380 $370
$340 1/24 1/31
2/14 2/18 2/28
Wheat 1 CWRS 13.5%
-0.25 -0.12 +0.18 -0.22 +0.10
101.05 102.50 103.45 105.25 104.78
$480
$420 1/24 1/31
Feb. 18 Previous Base rail (index 100) 3.20 3.20 Index range 99.85-104.00 64.41-103.17 Range off base 3.16-3.33 2.04-3.30 Feeder lambs 1.60-2.00 1.60-2.00 Sheep (live) 0.30-0.45 0.30-0.45 SunGold Meats
Feb. 22 2.20-2.92 2.00-2.35 2.15-2.20 2.09-2.17 1.70-1.86 1.70-2.10 0.95-1.10 0.95-1.10 70-120
2.50-2.85 2.19-2.70 2.05-2.26 2.07-2.18 1.84-2.15 1.70-2.10 1.00-1.15 0.97-1.10 70-120
Ontario Stockyards Inc.
Feb. 28 Wool lambs <80 lb 1.95 Wool lambs >80 lb 1.65-1.85 Hair lambs 1.55-1.85 Fed sheep 0.65-0.75
2/14 2/18 2/28
Canola (cash - March) $620
$560
Sheep ($/lb.) & Goats ($/head)
2/7
Cash Prices
Canfax
$580
$540 1/21 1/28
To Feb. 19 Canada 2,861,920 2,973,011 -3.7
2/11 2/18 2/25
Canola (basis - March) $0 $-10 $-20 $-30 $-40 1/21 1/28
2/4
2/11 2/18 2/25
Feed Wheat (cash) $205 $200 $195
Basis: $199
$190 $185 1/21 1/28
2/4
2/11 2/18 2/25
Flax (elevator bid- S’toon) $580 $570 $560 $550 1/21 1/28
2/4
2/11 2/18 2/25
To date 2011 To date 2010 % change 11/10
$190
Index 100 hogs $/ckg Alta. Sask.
n/a 146.35
Man. Que.
145.00 152.45 *incl. wt. premiums
$140
$180 1/21 1/28
2/4
2/11 2/18 2/25
Canola, western barley are basis par region. Feed wheat basis Lethbridge. Basis is best bid.
Chicago Nearby Futures ($US/100 bu.)
Corn (March) $750 $720
Hogs / Pork Trade
$150
$185
Agriculture Canada
2/14 2/18 2/28
$160
Basis: -$1
$195
Fed. inspections only U.S. 14,951,452 15,040,235 -0.6
Sltr. hogs to/fm U.S. (head) Total pork to/fm U.S. (tonnes) Total pork, all nations (tonnes)
Export 129,776 (1) 336,111 (2) 1,097,676 (2)
(1) to Feb. 12/11
(3) to Feb. 12/11
(2) to Dec. 31/10
$690
% from 2009 -6.1 +2.1 +2.1
Import n/a 16,802 (3) 16,864 (3)
% from 2009 n/a +5.1 +5.1 Agriculture Canada
2/14 2/18 2/28
Manitoba
$660 $630 1/24 1/31
2/7
2/14 2/18 2/28
Soybeans (March) $1440
$1380
$145
2/7
2/14 2/18 2/28
Feb. 18-Feb. 24 U.S. Barley PNW 204.00 U.S. No. 3 Yellow Corn Gulf 305.50-311.70 U.S. Hard Red Winter Gulf 354.48 U.S. No. 3 Amber Durum Gulf 439.09 U.S. DNS (14%) PNW 505.41 No. 1 DNS (14%) ($US/bu.)Montana elevator 10.33 No. 1 DNS (13%) ($US/bu.)Montana elevator 8.43 No. 1 Durum (13%) ($US/bu.)Montana elevator 9.43 No. 1 Malt Barley ($US/bu.)Montana elevator 4.80 No. 2 Feed Barley ($US/bu.)Montana elevator 4.44
Feb. 28 Feb. 18 Trend Wpg ICE Western Barley ($/tonne) Mar 194.00 194.00 0.00 May 205.00 205.00 0.00 Jul 205.00 205.00 0.00 Oct 195.00 195.00 0.00 Wpg ICE Canola ($/tonne) Mar 572.70 585.90 -13.20 May 578.70 594.10 -15.40 Jul 585.80 601.70 -15.90 Nov 569.20 575.50 -6.30 Jan 574.00 580.80 -6.80 Chicago Wheat ($US/bu.) Mar 7.8250 8.2225 -0.3975 May 8.1700 8.5575 -0.3875 Jul 8.4825 8.8600 -0.3775 Sep 8.7925 9.1300 -0.3375 Chicago Oats ($US/bu.) Mar 3.7125 4.0975 -0.3850 May 3.8100 4.1750 -0.3650 Jul 3.8850 4.2200 -0.3350 Sep 3.8600 3.9950 -0.1350 Chicago Soybeans ($US/bu.) Mar 13.5725 13.6800 -0.1075 May 13.6475 13.8100 -0.1625 Jul 13.7250 13.8900 -0.1650 Aug 13.5900 13.7400 -0.1500 Chicago Soy Meal ($US/short ton) Mar 356.4 362.0 -5.6 May 361.9 366.0 -4.1 Jul 364.1 367.5 -3.4 Aug 360.9 362.6 -1.7 Chicago Soybean Oil (US¢/lb.) Mar 56.77 56.49 +0.28 May 57.33 57.12 +0.21 Jul 57.86 57.63 +0.23 Aug 58.06 57.82 +0.24 Chicago Corn ($US/bu.) Mar 7.2250 7.0975 +0.1275 May 7.3100 7.2025 +0.1075 Jul 7.3325 7.2450 +0.0875 Sep 6.5025 6.5925 -0.0900 Minneapolis Wheat ($US/bu.) Mar 9.3075 9.5550 -0.2475 May 9.4100 9.6650 -0.2550 Jul 9.4925 9.7425 -0.2500 Sep 9.5050 9.7550 -0.2500 Kansas City Wheat ($US/bu.) Mar 9.0250 9.2975 -0.2725 May 9.1250 9.4075 -0.2825 Jul 9.2250 9.5050 -0.2800 Sep 9.3550 9.6325 -0.2775
Year ago 143.00 147.00 147.00 147.00 384.50 386.60 392.90 399.60 402.70 4.9275 5.0450 5.1675 5.3075 2.2050 2.2950 2.3850 2.4650 9.5250 9.6250 9.7050 9.6625 271.0 268.4 268.3 266.5 39.50 39.90 40.34 40.51 3.7075 3.8175 3.9250 3.9975 5.0525 5.1675 5.2775 5.3950 4.9950 5.1025 5.2100 5.3225
Canadian Exports & Crush
$1350
$150
$135
Feb. 23 Feb. 16 Year Ago 171.26 171.26 135.95 28.40 29.65 13.85
$1410
Chicago Hogs Lean ($US/cwt)
$140
Rye Saskatoon ($/tonne) Snflwr NuSun Enderlin N.D.
Grain Futures 2/4
$590
Sask. Sheep Dev. Bd.
Feb. 28 Avg. Feb. 18 Laird lentils, No. 1 (¢/lb) 38.25-40.75 39.00 39.00 Laird lentils, Xtra 3 (¢/lb) 23.50-27.75 24.80 24.80 Richlea lentils, No. 1 (¢/lb) 30.75-34.00 33.21 32.71 Eston lentils, No. 1 (¢/lb) 31.75-32.75 32.33 32.33 Eston lentils, Xtra 3 (¢/lb) 22.75-23.75 23.50 23.50 Sm. Red lentils, No. 2 (¢/lb) 20.75-25.75 23.13 23.13 Sm. Red lentils, Xtra 3 (¢/lb) 17.75-22.75 19.88 20.54 Peas, green No. 1 ($/bu) 7.10-8.50 7.63 7.75 Peas, green 10% bleach ($/bu) 6.50-7.00 6.75 6.95 Peas, med. yellow No. 1 ($/bu) 7.25-8.25 7.63 7.76 Peas, sm. yellow No. 2 ($/bu) 7.10-7.50 7.37 7.63 Maple peas ($/bu) 8.75-9.00 8.88 8.94 Feed peas ($/bu) 3.50-6.27 4.69 4.69 Mustard, yellow, No. 1 (¢/lb) 26.25-30.75 27.50 27.50 Mustard, brown, No. 1 (¢/lb) 18.25-30.75 21.50 21.50 Mustard, Oriental, No. 1 (¢/lb) 23.25-28.75 25.00 25.00 Canaryseed (¢/lb) 26.75-29.25 27.67 27.67 Desi chickpeas (¢/lb) 24.75-27.75 25.75 25.75 Kabuli, 8mm, No. 1 (¢/lb) 32.00-32.50 32.38 32.38 Kabuli, 7mm, No. 1 (¢/lb) 25.00-25.50 25.38 25.38 B-90 ckpeas, No. 1 (¢/lb) 24.20-25.50 25.18 25.18
Canadian Wheat Board
$460
$600
Pulse and Special Crops Information supplied by STAT Publishing, which solicits bids from Maviga N.A., Roy Legumex, CGF Brokerage, Parrish & Heimbecker and Walker Seeds. Prices paid for dressed product at plant.
International Grain Prices ($US/tonne)
$500
This wk Last wk Yr. ago 192-194 194-196 169-171
New lambs 65-80 lb 80-95 lb > 95 lb > 110 lb Feeder lambs Sheep Rams Kids
2/7
$440
Hog Slaughter
Man. Pork Feb. 25 152.62-154.87 159.38-163.43 170.45-171.35 173.15-173.60 171.35-173.15 176.30-176.30 175.13-175.40 175.13-176.03 174.59-176.03 170.98-174.59 161.05-168.27
$170
$130 1/24 1/31
$390 1/24 1/31
St. Lawrence Asking
Est. Beef Wholesale ($/cwt)
Fixed contract $/ckg
Saskatchewan
2/7
$420
$200
Index 100 Hog Price Trends ($/ckg)
$130 1/24 1/31
$450
W. Barley (cash - March)
Due to wide reporting and collection methods, it is misleading to compare hog prices between provinces.
2/7
$480
$350
HOGS
$120 1/24 1/31
$510
$360
Chicago Futures ($US/cwt)
USDA
Basis Alta-Neb Sask-Neb Man-Neb
To Feb. 19 Fed. inspections only Canada U.S. To date 2011 392,842 4,480,150 To date 2010 414,107 4,470,461 % Change 11/10 -5.1 +0.2
Montreal
Slaughter cattle (35-65% choice)Steers National 110.83 Kansas 110.73 Nebraska 112.00 Nebraska (dressed) 179.65
Durum 1 AD
$330
Cattle Slaughter
$150
$120 1/24 1/31
Rail Previous Feb. 18-Feb. 24 Feb. 11-Feb. 17
103.00 96.40-108.90 n/a 92.00-96.75
$130 $125 1/24 1/31
Year ago
CWB T.Bay Domestic Asking Prices
Apr May Jun Jul
Close Feb. 25 90.20 99.05 101.45 100.78
Close Feb. 18 92.28 100.55 102.78 101.40
Trend -2.08 -1.50 -1.33 -0.62
Year ago 72.80 77.93 81.40 80.48
Aug Oct Dec Feb
EXCHANGE RATE: FEB. 28 $1 Cdn. = $1.0270 U.S. $1 U.S. = $0.9737 Cdn.
Close Feb. 25 100.00 88.70 85.10 84.80
Close Feb. 18 100.05 88.88 84.50 84.75
Trend -0.05 -0.18 +0.60 +0.05
Year ago 79.83 70.10 67.83 69.70
$1320 1/24 1/31
2/7
2/14 2/18 2/28
Oats (March) $440 $420 $400 $380 $360 1/24 1/31
2/7
2/14 2/18 2/28
(1,000 To To tonnes) Feb. 20 Feb. 13 Wheat 215.9 172.1 Durum 101.2 49.3 Oats 17.8 22.0 Barley 6.6 29.1 Flax 1.8 0.1 Canola 154.5 148.3 Peas 15.1 59.0 Canola crush 119.1 114.9
Total to date 6342.7 2022.2 653.4 862.5 195.3 4105.2 1418.3 3413.5
Last year 7562.0 1722.1 532.4 755.1 308.5 3912.4 897.0 2290.3