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Thursday, October 23, 2025
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 Livestock Exchange
Today at Ontario Livestock Exchange (OLEX), there are 350 fed cattle, 375 cows, and 900 stockers on offer.
Fed cows are selling on a steady trade with good cows from $171.00-$205.00 with top of $240.00/cwt.
Ontario Auction Sales Weighted Average Prices
Ontario auction sales on Wednesday saw weighted average prices for:
Scroll / swipe to see full table.
| Livestock | Range | Avg | Top Price |
|---|---|---|---|
| Large & medium frame fed steers | 226.43-310.63 | 281.34 | 314.00 |
| Large & medium frame fed heifers | 304.06-310.44 | 305.76 | 317.00 |
| Cows | 143.60-223.70 | 179.38 | 285.00 |
| Bulls under 1600 lbs | 192.63-290.74 | 241.94 | 307.00 |
| Bulls over 1600 lbs | 216.14-253.07 | 234.85 | 262.00 |
| Veal 600 lbs and over | 297.95-434.64 | 368.67 | 450.00 |
| Veal under 125 lbs | 1300.00-2400.00 | 1661.64 | 2600.00 |
| Replacement steers 1000+ | 441.63-486.53 | 463.06 | 487.00 |
| Replacement steers 900-999 | 467.70-511.72 | 490.36 | 517.00 |
| Replacement heifers 900+ | 379.84-429.21 | 414.46 | 441.00 |
| Replacement heifers 800-899 | 412.50-446.00 | 426.52 | 446.00 |
Alberta Direct Trade
Alberta Direct Trade
The Alberta direct trade on Wednesday with dressed sales reported at $500.00/cwt delivered, $5.00-$8.00/cwt lower than last week. Competition on the cash market is disappointing. One major packer is still not bidding on the cash market while other Western Canadian packers are likely getting more calls than normal. US packer interest has been noted, and very light volumes of Western Canadian fed cattle have been marketed South. These cattle will be priced off the five-area average. The cattle feeder is in a tough spot right now. Basis levels have weakened, a sign to keep cattle on feed. Yet, with fed cattle prices holding around $300.00/cwt on a live basis, cattle are still profitable if they were sold today.
Scroll / swipe to see full table.
| Steers | Live | N/T | Flat Rail | 500.00 |
| Heifers | Live | N/T | Flat Rail | 500.00 |
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 dressed sales at $372.00/cwt, steady with the previous week. Live sales in the North ranged from $239.00-$240.00/cwt, $1.00/cwt lower. Business in the Southern feeding states has been quiet with no bids to speak of. Volatility in the futures market has been extreme making it extremely tough for anyone in the industry to manage risk. Yesterday feeder cattle contracts closed limit down, but the cattle complex is rebounded today with strong gain on live cattle contracts.
| Choice and select steers and heifers (2/3 choice): | live | 239.00-240.00 |
| rail | 372.00-372.00 |
Chicago Mercantile Exchange
The Chicago Mercantile Exchange midsession trade on Thursday, Oct 23 saw:
Live Cattle futures for:
| Date | $/cwt US | |
|---|---|---|
| Oct | 239.72 | +0.67 |
| Dec | 241.30 | +1.47 |
| Feb | 240.80 | +0.42 |
| Apr | 240.07 | -0.05 |
| Jun | 232.82 | -0.07 |
| Aug | 228.62 | -0.05 |
Feeder Cattle futures for:
| Date | $/cwt US | |
|---|---|---|
| Oct | 364.32 | -0.75 |
| Nov | 363.32 | -0.90 |
Corn futures for:
| Date | $/bu US | cents |
|---|---|---|
| Dec | 4.23 1/2 | +1/2 |
| Mar | 4.37 | +1 1/4 |
Soybean futures for:
| Date | $/bu US | cents |
|---|---|---|
| Nov | 10.39 1/2 | +4 3/4 |
| Jan | 10.56 1/2 | +6 1/2 |
Soft Red Winter Wheat for:
| Date | $/bu US | cents |
|---|---|---|
| Dec | 5.08 1/4 | +4 1/2 |
| Mar | 5.23 3/4 | +4 1/4 |
Canadian Dollar futures for:
| Date | ||
|---|---|---|
| Dec | 71.62 | -0.05 |
| Mar | 71.94 | -0.01 |
This concludes the Thursday mid-day Cattle Market report.
View Individual Auction Market Reports View Northern Reports