Noon Report

This is the Beef Farmers of Ontario's mid-day market report for Tuesday, January 31, 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.


Today at Ontario Livestock Exchange, there are 330 veal and 200 cows on offer.

Veal is currently selling on a steady trade.


Today at Brussels Livestock there are 65 fed steers and heifers and 325 cows on offer.

Fed steers and heifers are selling actively at fully steady prices.

Livestock Range Top
Choice fed steers & heifers 192.00-203.00  
Second cut fed steer & heifers 182.00-191.00  
Aged & medium fed cattle 140.00-170.00  
Holstein steers & heifers 120.00-155.00  

VIEW INDIVIDUAL AUCTION MARKETS FOR CURRENT PRICES AND TRENDS

Ontario auction sales on Monday saw weighted average prices for:

Livestock Range Avg. Top Price
Cows (all weights) 74.09-103.30 87.79 119.00
Bulls over 1600 lbs 135.07-155.79 146.79 168.00
Veal 600 lbs and over 156.88-191.15 176.46 209.00
Veal under 125 lbs 143.21-450.63 224.48 520.00

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

U.S. cash cattle trade remains at a complete standstill with no bids on the table. Asking prices in the south are starting to surface at around $158.00 plus live while the north remains undefined, following sharply higher cattle futures on Monday.  Little business is expected to develop today and possibly not until the second half of the week. The U.S. will be releasing the January 1st Cattle Inventory Report this afternoon with many expecting around a 4% decline from last year. 

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

On the Chicago Mercantile Exchange midsession trade on Tuesday January 31st saw:

Live Cattle futures for:

Date $/cwt US  
Feb 158.80 +0.05
Apr 163.05 -0.30
Jun 159.15 -0.32
Aug 158.90 +1.12
Oct 163.20 +0.20
Dec 166.85 +0.25

Feeder Cattle futures for:

Date $/cwt US  
Mar 185.37 +1.45
Apr 189.37 +1.10

Corn futures for:

Date $/bu US cents
Mar 6.85 1/4 +1 1/2
May 6.82 1/4 +1

Soybean futures for:

Date $/bu US cents
Mar 15.41 +5 3/4
May 15.32 1/4 +2 3/4

Soft Red Winter Wheat for:

Date $/bu US cents
Mar 7.63 +10 1/2
May 7.71 1/2 +9 1/2

Canadian Dollar futures for:

Date    
Mar 74.98 +0.24
Jun 75.11 +0.29

 This concludes the Tuesday 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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