This is the Beef Farmers of Ontario's mid-day market report for Wednesday, January 22, 2020
Prices are reported on a "per one hundred pound" basis, unless otherwise stated.
Updated daily as the information is submitted, completed by 12:00 noon.
Today at the Ontario Stockyards Inc. there are 200 fed steers & heifers, 275 cows, 15 bulls and 4 veal calves on offer.
Cows and bulls are selling at prices $2.00-$5.00 cwt higher. Veal was steady to Monday and 700 stockers are expected for Thursday's sale.
| Livestock |
Range |
Top Price |
| Export Cows |
42.00-52.00 |
62.00 |
| Good Dairy Cows |
44.00-60.00 |
65.00 |
| Good Beef Cows |
47.00-68.00 |
84.00 |
| Bulls |
78.00-95.00 |
103.50 |
| Dairy Cattle |
N/T |
|
| Export Dairy Cattle |
N/T |
|
| Veal Calves |
80.00-115.00 |
124.00 |
VIEW INDIVIDUAL AUCTION MARKETS FOR CURRENT PRICES AND TRENDS
Ontario auction sales on Tuesday saw weighted average prices for:
| Livestock |
Range |
Avg |
Top Price |
| Large & Medium Frame Fed Steers |
137.65-154.26 |
145.75 |
168.00 |
| Large & Medium Frame Fed Heifers |
135.20-150.35 |
145.91 |
172.00 |
| Cows |
43.16-65.30 |
53.32 |
116.99 |
| Bulls all weights |
59.75-83.99 |
73.68 |
114.00 |
| Veal 600 lbs and over |
95.57-138.24 |
122.05 |
165.00 |
| Veal 125 lbs and less |
62.50-135.00 |
98.09 |
229.99 |
| Replacement steers 600-699 |
132.63-232.91 |
210.82 |
233.99 |
| Replacement steers 500-599 |
155.89-243.59 |
222.92 |
243.99 |
| Replacement heifers 600-699 |
103.08-183.44 |
154.50 |
184.49 |
| Replacement heifers 500-599 |
104.11-191.77 |
162.98 |
195.50 |
Alberta Direct Trade
The Alberta direct trade for Tuesday saw no new trade to report, however some trade could start to surface this afternoon. Canfax reports: "Technical price levels are unchanged from earlier in the week. There have been rumblings fed cattle contract volumes are larger for the second half of January compared to the first half of the month. Western Canadian packer margins are narrowing."
| |
|
|
|
|
| Steers |
Live |
N/T |
Flat Rail |
N/T |
| Heifers |
Live |
N/T |
Flat Rail |
N/T |
U.S. Trade (U.S. funds)
The U.S. cash cattle trade remains at a standstill with no bids on the table, however asking pricers are starting to surface from $126.00-$127.00 live in the south and $202.00 plus dressed in the north. Packer interest is expected to improve as the day progresses but active trading is not anticipated until Thursday or Friday.
At the Fed Cattle Exchange online auction today there were 561 head on offer, in 4 lots with delivery in 1-9 days. All lots were asking $124.00 live with only one lot selling at $124.00 while the remaining three lots received no bids.
| |
|
|
| Choice and select steers and heifers: (2/3 choice) |
live |
124.00 |
| |
rail |
N/T |
On the Chicago Mercantile Exchange midsession trade on Wednesday January 22nd saw:
Live Cattle
| Date |
$/cwt US |
|
| Feb |
126.20 |
-0.17 |
| Apr |
126.95 |
-0.27 |
| Jun |
118.82 |
-0.35 |
| Aug |
116.00 |
-0.47 |
| Oct |
118.50 |
-0.32 |
| Dec |
121.55 |
-0.10 |
Feeder Cattle
| Date |
$/cwt US |
|
| Jan |
144.42 |
-0.65 |
| Mar |
143.60 |
-1.07 |
Corn
| Date |
$/bu US |
cents |
| Mar |
3.88 1/2 |
+1 |
| May |
3.94 1/4 |
+ 3/4 |
Soybeans
| Date |
$/bu US |
cents |
| Mar |
9.19 1/2 |
+3 1/2 |
| May |
9.33 |
+3 1/4 |
Canadian Dollar
| Date |
|
|
| Mar |
76.19 |
-0.31 |
| Jun |
76.19 |
-0.31 |
This concludes the Wednesday mid-day Cattle Market Report
Ontario Auction Sales
VIEW INDIVIDUAL SALE RESULTS OR SUMMARY REPORTS FROM ONTARIO AUCTION MARKETS
VIEW INDIVIDUAL SALE RESULTS FROM THE NORTHERN CATTLE SALES NETWORK