Noon Report

This is the Beef Farmers of Ontario's mid-day market report for Friday, February 15, 2019

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 on Thursday saw weighted average prices for:

(Ontario Stockyards market data is unavailable due to technical difficulites)

Livestock

Range Avg Top Price
Large & Medium Frame Fed Steers 146.47-153.51 150.73 154.50
Large & Medium Frame Fed Heifers not enough to report  
Cows 45.71-58.33 52.17 105.00
Bulls (all weights) 85.60-109.60 95.80 110.00
Veal 600 lbs and over 82.79-106.70 96.28 159.00
Veal calves 125 lbs and less 92.00-124.00 107.19 200.00
Replacement Steers 700-799 135.95-185.13 165.19 195.00
Replacement Steers 600-699 169.32-203.30 189.82 212.50

VIEW INDIVIDUAL AUCTION MARKETS FOR CURRENT PRICES AND TRENDS


The Quebec Electronic Market

The Quebec Electronic Market reported for this week ranged from $253.00-$253.25 dressed, down $1.50 from last week on average.


Alberta Direct Trade

The Alberta direct trade on Thursday was light. Canfax reports: "so far this week have seen light trade develop with live sales ranging from 147.00-147.50, sales are 3.00-4.00 lower than last weeks weighted average price. Dressed bids have been reported anywhere from 243.00-252.00 delivered. Bids are 2.00-7.00 lower than the previous week. Cash to futures basis levels continue to weaken, basis levels are at the weakest point since February 2016. US packers are indicating they have enough Canadian fed cattle contracted and buying interest was next to non-existent on the cash market."

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Steers Live N/T Flat Rail N/T
Heifers Live N/T Flat Rail N/T

U.S. Trade (U.S. funds)

The U.S. cash cattle trade saw a couple of sales in the north yesterday from $199.00-$200.00 dressed which is steady, but for the most part sellers are holding out for higher prices.  Bids are starting to surface at $122.00 live in the south and $198.00-$199.00 dressed in the north but chances are these bids are not going to get any cattle bought, at least this morning.  Asking prices are holding firm at $126.00-$127.00 live in the south and $202.00-$204.00 dressed in the north.

     
Choice and select steers and heifers: (2/3 choice) live  
  rail  

On the Chicago Mercantile Exchange midsession trade on Friday February 15th saw:

Live Cattle futures for:

Date $/cwt US  
Feb 126.27 +0.15
Apr 126.87 -0.50
Jun 117.80 -0.47
Aug 114.12 -0.52
Oct 115.30 -0.65
Dec 117.87 -0.62

Feeder Cattle futures for:

Date $/cwt US  
Mar 142.12 -1.95
Apr 144.57 -1.92

Corn futures for:

Date $/bu US cents
Mar 3.74 - 3/4
May 3.82 -1

Soybeans futures for:

Date $/bu US cents
Mar 9.04 1/2 +1
May 9.18 1/2 + 3/4

Canadian Dollar for:

Date    
Mar 75.32 -0.01
Jun 75.49 -0.00

 This concludes the Friday mid-day Cattle Market Report 

 


 Ontario Auction Sales

VIEW INDIVIDUAL SALE RESULTS OR SUMMARY REPORTS FROM ONTARIO AUCTION MARKETS

VIEW INDIVIDUAL SALE RESULTS FROM THE NORTHERN CATTLE SALES NETWORK

 

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