Noon Report

This is the Beef Farmers of Ontario's mid-day market report for Friday, October 18, 2019

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 on Thursday saw weighted average prices for:

Livestock

Range Avg Top Price
Large & Medium Frame Fed Steers 124.00-142.00 134.25 146.50
Large & Medium Frame Fed Heifers 116.57-133.00 127.25 139.00
Cows 51.18-68.89 60.45 105.00
Bulls (all weights) 88.18-101.89 93.72 112.00
Veal 600 lbs and over 103.48-139.01 123.81 179.00
Veal calves 125 lbs and less 42.00-100.00 74.61 105.00
Replacement Steers 600-699 159.27-220.65 192.94 238.00
Replacement Steers 500-599 186.57-243.95 213.97 252.50
Replacement Steers 400-499 189.25-252.90 224.60 267.00
Replacement Heifers 600-699 118.44-174.28 150.95 203.00
Replacement Heifers 500-599 146.83-204.25 173.96 222.00
Replacement Heifers 400-499 140.32-200.90 170.93 224.00

VIEW INDIVIDUAL AUCTION MARKETS FOR CURRENT PRICES AND TRENDS


The Quebec Electronic Market

The Quebec Electronic Market reported for this week ranged from $232.50-$236.75 dressed, up $0.33 from last week on average.


Alberta Direct Trade

The Alberta direct trade on Thursday was light with prices reported at $242.00 delivered on a dressed basis, up $2.00 from last week. Canfax reports: "Buyers were indicating cattle that they bought this week would be lifted in three weeks. Cash to futures basis levels did weaken but stronger prices week over week did encourage producers to market cattle. Even though fed prices have rallied for 5 straight weeks cattle that are being sold are still losing money."

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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 was very quiet yesterday with just a handful sold in the north at $175.00 dressed, but only a couple of hundred head which does not establish a market.  This morning, the market is quiet to start. Packer interest should improve as the day progresses with asking prices curently at $112.00 live in the south and $178.00-$180.00 dressed in the north.  With the sharp decline in cattle futures this morning, it will be difficult for sellers to command higher prices.  Time will tell.

     
Choice and select steers and heifers: (2/3 choice) live N/T
  rail N/T

On the Chicago Mercantile Exchange midsession trade on Friday October 18th saw:

Live Cattle futures for:

Date $/cwt US  
Oct 110.40 -2.00
Dec 112.95 -1.42
Feb 118.37 -1.17
Apr 120.32 -1.07
Jun 112.97 -0.87
Aug 110.95 -0.92

Feeder Cattle futures for:

Date $/cwt US  
Oct 143.47 -0.72
Nov 143.02 -1.30

Corn futures for:

Date $/bu US cents
Dec 3.92 1/4 -2 1/2
Mar 4.04 -2 1/2

Soybeans futures for:

Date $/bu US cents
Nov 9.37 +5 1/2
Jan 9.50 1/2 +5 1/4

Canadian Dollar for:

Date    
Dec 76.16 +0.01
Mar 76.21 +0.03

 This concludes the Friday 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

 

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