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."
GO TO SITE
| |
|
|
|
|
| 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