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Friday, January 23, 2026
Prices are reported on a "per one hundred pound" basis, unless otherwise stated.
Ontario Live Cattle Trade
Updated daily as the information is submitted, completed by 12:00 noon.
Ontario Auction Sales Weighted Average Prices
Ontario auction sales on Thursday saw weighted average prices for:
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| Livestock | Range | Avg | Top Price |
|---|---|---|---|
| Large & medium frame fed steers | 304.08-326.64 | 313.84 | 328.00 |
| Large & medium frame fed heifers | 269.49-318.85 | 306.95 | 333.00 |
| Cows | 139.57-197.85 | 167.18 | 307.50 |
| Bulls over 1600 lbs | 219.25-267.50 | 254.57 | 270.00 |
| Veal 600 lbs and over | 268.56-352.19 | 313.23 | 379.00 |
| Replacement steers 600-699 | 521.20-618.44 | 577.71 | 643.00 |
| Replacement steers 500-599 | 544.67-649.14 | 607.97 | 735.00 |
| Replacement steers 400-499 | 623.67-752.91 | 700.67 | 772.00 |
| Replacement heifers 600-699 | 434.26-542.13 | 494.34 | 580.00 |
| Replacement heifers 500-599 | 495.00-583.51 | 538.47 | 600.00 |
| Replacement heifers 400-499 | 479.87-661.04 | 578.20 | 690.00 |
The Quebec Electronic Market
The Quebec Electronic Market
The Quebec Electronic Market is not available at the time of reporting.
Alberta Direct Trade
Alberta Direct Trade
The Alberta direct trade so far this week have seen light trade develop with dressed sales ranging from $505.00-508.00/cwt delivered (mostly $508.00/cwt delivered) steady with the previous week. Cattle that traded were being scheduled anywhere from immediate to the second half of February delivery. US packer interest was noted but no cash sales were confirmed. During the third quarter of 2025 feedlot placements over 800lbs were below last year this should support the first quarter fed market and would suggest tighter fed numbers are still in front of us. Not all the cattle on this weeks cash list were marketed and some cattle will be carried into next week.
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| Steers | Live | N/T | Flat Rail | 505.00-508.00 |
| Heifers | Live | N/T | Flat Rail | 505.00-508.00 |
U.S. Trade (U.S. funds)
U.S. cash cattle trade
The U.S. cash cattle trade saw light trade reported in Iowa and Nebraska yesterday with live sales at $232.00/cwt and dressed sales were at $365.00/cwt, steady with last week. Today dressed bids of $365.00/cwt have been renewed in the North. Few if any cattle have traded in Texas and Kansas this week and buying interest will improve over the next several hours. USDA is scheduled to release its January 1st cattle on feed report this afternoon. Pre-report estimates are indicating December placements to be 7% lower than last year while fed cattle marketings are projected to be up 2%. January 1st cattle eon feed inventories are expected to be 3% lower verses last year.
| Choice and select steers and heifers (2/3 choice): | live | 232.00 |
| rail | 365.00 |
Chicago Mercantile Exchange
The Chicago Mercantile Exchange midsession trade on Friday, Jan 23 saw:
Live Cattle futures for:
| Date | $/cwt US | |
|---|---|---|
| Feb | 235.50 | +3.12 |
| Apr | 237.80 | +2.97 |
| Jun | 233.60 | +2.70 |
| Aug | 231.25 | +2.50 |
| Oct | 230.75 | +2.27 |
| Dec | 231.22 | +2.05 |
Feeder Cattle futures for:
| Date | $/cwt US | |
|---|---|---|
| Jan | 365.40 | +1.67 |
| Mar | 361.30 | +2.02 |
Corn futures for:
| Date | $/bu US | cents |
|---|---|---|
| Mar | 4.29 3/4 | +5 3/4 |
| May | 4.38 1/4 | +6 |
Soybean futures for:
| Date | $/bu US | cents |
|---|---|---|
| Mar | 10.68 1/2 | +4 1/2 |
| May | 10.81 | +4 3/4 |
Soft Red Winter Wheat for:
| Date | $/bu US | cents |
|---|---|---|
| Mar | 5.23 1/2 | +8 |
| May | 5.33 3/4 | +7 1/4 |
Canadian Dollar futures for:
| Date | ||
|---|---|---|
| Mar | 73.01 | +0.33 |
| Jun | 73.28 | +0.33 |
This concludes the Friday mid-day Cattle Market report.
View Individual Auction Market Reports View Northern Reports