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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:
Scroll / swipe to see full table.
| 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 |
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."
Scroll / swipe to see full table.
| Steers | Live | N/T | Flat Rail | 390.00 |
| Heifers | Live | N/T | Flat Rail | 390.00 |
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