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Thursday, December 18, 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 200 fed cattle, 600 cows, and 550 stockers on offer.
Fed cows are selling steady with good cows from $164.00-195.00 top 260.00/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 | 286.47-300.12 | 294.37 | 304.00 |
| Large & medium frame fed heifers | 289.49-311.26 | 298.87 | 318.00 |
| Cows | 128.58-212.97 | 168.48 | 254.00 |
| Bulls under 1600 lbs | 141.50-244.20 | 188.65 | 254.99 |
| Bulls over 1600 lbs | 178.72-218.44 | 200.64 | 266.00 |
| Veal 600 lbs and over | 265.61-389.62 | 331.90 | 417.49 |
| Veal under 125 lbs | 1230.00-2180.00 | 1562.15 | 2340.00 |
| Replacement steers 1000+ | 425.00-482.00 | 451.53 | 482.00 |
| Replacement steers 900-999 | 474.00-490.00 | 483.64 | 490.00 |
| Replacement heifers 800-899 | 371.18-394.77 | 382.72 | 402.50 |
| Replacement heifers 600-699 | 425.00-470.00 | 456.79 | 470.00 |
Alberta Direct Trade
Alberta Direct Trade
The Alberta direct trade on Wednesday saw light trade develop with dressed sales reported at $495.00/cwt delivered, steady to a couple dollars higher than last week. Competition on the cash market is limited with one packer off the market. US packer interest has been noted but no sales have been confirmed. US packers are wanting cattle committed on the five-area average. For the first half of December Alberta fed prices have been trading at a $19.00/cwt discount against the US market. Currently the discount is wide enough to encourage cattle to move south.
Scroll / swipe to see full table.
| Steers | Live | N/T | Flat Rail | 495.00 |
| Heifers | Live | N/T | Flat Rail | 495.00 |
U.S. Trade (U.S. funds)
U.S. cash cattle trade
The U.S. cash cattle trade remains quiet with no bids to speak of. Yesterday beef cutout values closed $2.00/cwt lower. Choice cutout values are trading at the lowest point since May. US beef exports for the month of September were 24% below last year. Less beef ended up being shipped to Japan, China and South Korea. Beef imports in September were 2% lower than last year. Beef imports from Australia were strong while imports from Brazil slowed to a crawl with the higher tariff rates.
| Choice and select steers and heifers (2/3 choice): | live | N/T |
| rail | N/T |
Chicago Mercantile Exchange
The Chicago Mercantile Exchange midsession trade on Thursday, ____ saw:
Live Cattle futures for:
| Date | $/cwt US | |
|---|---|---|
| Dec | 228.35 | -1.95 |
| Feb | 228.40 | -1.15 |
| Apr | 228.15 | -0.97 |
| Jun | 221.90 | -0.85 |
| Aug | 218.22 | -0.67 |
| Oct | 216.97 | -0.70 |
Feeder Cattle futures for:
| Date | $/cwt US | |
|---|---|---|
| Jan | 340.32 | -1.20 |
| Mar | 334.55 | -1.77 |
Corn futures for:
| Date | $/bu US | cents |
|---|---|---|
| Mar | 4.43 3/4 | +3 1/4 |
| May | 4.51 1/2 | +3 3/4 |
Soybean futures for:
| Date | $/bu US | cents |
|---|---|---|
| Jan | 10.53 3/4 | -4 1/2 |
| Mar | 10.63 3/4 | -5 |
Soft Red Winter Wheat for:
| Date | $/bu US | cents |
|---|---|---|
| Mar | 5.08 1/4 | +2 |
| May | 5.19 1/4 | +2 |
Canadian Dollar futures for:
| Date | ||
|---|---|---|
| Mar | 72.97 | +0.15 |
| Jun | 73.13 | +0.06 |
This concludes the Thursday mid-day Cattle Market report.
View Individual Auction Market Reports View Northern Reports