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Friday, January 16, 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 | 280.00-320.00 | 302.24 | 342.00 |
| Large & medium frame fed heifers | 246.00-337.00 | 299.79 | 337.00 |
| Cows | 133.88-263.00 | 245.76 | 285.00 |
| Bulls under 1600 lbs | 225.88-276.75 | 248.13 | 285.00 |
| Bulls over 1600 lbs | 224.43-263.00 | 245.76 | 285.00 |
| Veal 600 lbs and over | 340.88-376.46 | 361.12 | 391.00 |
| Replacement steers 600-699 | 530.18-660.75 | 589.92 | 674.00 |
| Replacement steers 500-599 | 554.50-688.83 | 636.44 | 715.00 |
| Replacement steers 400-499 | 565.71-761.95 | 647.17 | 810.00 |
| Replacement heifers 600-699 | 418.71-519.14 | 473.06 | 560.00 |
| Replacement heifers 500-599 | 444.57-623.10 | 552.87 | 670.00 |
| Replacement heifers 400-499 | 478.78-618.54 | 554.27 | 680.00 |
The Quebec Electronic Market
The Quebec Electronic Market
The Quebec Electronic Market reported for this week ranged from $528.00/cwt dressed.
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 delivered, $5.00-8.00/cwt higher than the previous week. Cattle that traded were being scheduled for the first half of February delivery. US packer interest was supportive and light volumes of Western Canadian fed cattle were marketed South. These cattle will be priced off the five-area average. Looking at the feed grain market after strengthening for the past 30 to 45 days barley prices seem to have stalled out. Over the past couple of days barley prices for immediate delivery were down $5.00-10.00/tonne. Barley prices for spring delivery are trading at roughly a 7% premium over the spot market.
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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 yesterday with live sales at $232.00/cwt, steady with last week. Sale volumes are still very light and buying interest will improve over the next several hours. US steer carcass weights increased 7lbs to average 989lbs, a new record high. Looking at the latest World Supply and Demand report. US beef production for 2026 is forecasted to be down 1% compared to 2025. Pork production is expected to be 2% larger while broiler production is projected to be up 1%.
| Choice and select steers and heifers (2/3 choice): | live | 232.00 |
| rail | N/T |
Chicago Mercantile Exchange
The Chicago Mercantile Exchange midsession trade on Friday, Jan 16 saw:
Live Cattle futures for:
| Date | $/cwt US | |
|---|---|---|
| Feb | 233.07 | -2.97 |
| Apr | 235.05 | -3.37 |
| Jun | 231.10 | -2.80 |
| Aug | 228.72 | -2.37 |
| Oct | 228.17 | -2.22 |
| Dec | 229.20 | -1.67 |
Feeder Cattle futures for:
| Date | $/cwt US | |
|---|---|---|
| Jan | 363.70 | -4.72 |
| Mar | 358.70 | -5.85 |
Corn futures for:
| Date | $/bu US | cents |
|---|---|---|
| Mar | 4.26 | +5 3/4 |
| May | 4.33 | +5 1/4 |
Soybean futures for:
| Date | $/bu US | cents |
|---|---|---|
| Mar | 10.52 1/2 | -1/2 |
| May | 10.64 1/2 | +1/4 |
Soft Red Winter Wheat for:
| Date | $/bu US | cents |
|---|---|---|
| Mar | 5.20 1/2 | +10 |
| May | 5.30 3/4 | +9 1/4 |
Canadian Dollar futures for:
| Date | ||
|---|---|---|
| Mar | 72.07 | -0.09 |
| Jun | 72.33 | -0.10 |
This concludes the Friday mid-day Cattle Market report.
View Individual Auction Market Reports View Northern Reports