Noon Report

Thursday, september 28, 2023

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 150 fed cattle, 400 cows and 550 stockers on offer.

Fed cows are selling easier to Tuesday's stronger market,  with good cows from 122.00-150.00 sales to 196.00.

Ontario Auction Sales Weighted Average Prices

Ontario auction sales on Wednesday saw weighted average prices for:

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Livestock Range Avg Top Price
Large & medium frame fed steers 172.93-227.85 216.49 234.00
Large & medium frame fed heifers 220.87-231.38 227.96 244.00
Cows 100.79-166.95 129.29 215.00
Bulls under 1600 lbs 123.07-165.14 147.38 180.00
Bulls over 1600 lbs 164.82-194.64 181.05 211.00
Veal 600 lbs and over 176.50-246.75 207.479 267.49
Veal under 125 lbs 330.00-900.00 486.91 940.00
Replacement steers 1000+ 271.00-320.86 291.37 321.00
Replacement steers 900-999 297.73-335.60 314.93 336.00
Replacement heifers 900+ 249.33-278.52 265.01 281.00
Replacement heifers 700-799 252.49-300.74 276.35 312.99

View Individual Auction Market Reports

Alberta Direct Trade

Alberta Direct Trade

The Alberta direct trade on Wednesday was light with prices fully steady to last week at $390.00 cwt delivered on a dressed basis. Canfax reports: "Two packers were buying cattle for October delivery while the other was buying cattle for November delivery. For the second half of September Alberta fed cash to futures basis levels are the weakest since 2011. US packer interest on the Western Canadian cash market has been quiet. Alberta cow and fed cattle prices are trading at a discount to both the US and Ontario market."

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Steers Live N/T Flat Rail 390.00
Heifers Live N/T Flat Rail 390.00

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

U.S. cash cattle trade

The U.S. cash cattle trade has been light to moderate so far this week with prices fully steady in the south  at $183.00 live. The north saw trade at mainly $184.00 live which is steady, with dressed deals ranging from $288.00-$292.00, majority from $290.00-$291.00 which is all $1.00-$2.00 cwt lower than last week. This morning the market is quiet however some business is expected surface.  Asking prices are sitting at $183.00 plus live in the south and $292.00 plus dressed in the north.  

     
Choice and select steers and heifers (2/3 choice): live 183.00-184.00
  rail 288.00-292.00

Chicago Mercantile Exchange

The Chicago Mercantile Exchange midsession trade on Thursday, September 28th saw:

Live Cattle futures for:

Date $/cwt US  
Oct 186.37 +1.47
Dec 190.17 +2.00
Feb 194.35 +1.95
Apr 197.30 +1.82
Jun 191.07 +1.70
Aug 189.65 +1.65

Feeder Cattle futures for:

Date $/cwt US  
Sep 252.10 +0.57
Oct 254.52 +2.27

Corn futures for:

Date $/bu US cents
Dec 4.85 3/6 +2 1/2
Mar 5.00 3/4 +2 1/2

Soybean futures for:

Date $/bu US cents
Nov 12.96 1/2 -6 3/4
Jan 13.16 -7

Soft Red Winter Wheat for:

Date $/bu US cents
Dec 5.80 + 1/2
Mar 6.07 1/2 + 1/4

Canadian Dollar futures for:

Date    
Dec 74.19 +0.09
Mar 74.28 +0.08

This concludes the Thursday mid-day Cattle Market report.

View Individual Auction Market Reports View Northern Reports