Noon Report

This is the Beef Farmers of Ontario's mid-day market report for Thursday, January 27, 2022

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 (OLEX) there are 100 fed cattle, 500 cows & 300 stockers on offer.

Fed cows continue to sell at stronger prices, with good fed cows from 73.00-89.00 top 125.00.


Ontario auction sales on Wednesday saw weighted average prices for:

Livestock Range Avg Top Price
Large & Medium Frame Fed Steers 143.53-173.56 162.18 175.00
Large & Medium Frame Fed Heifers 145.47-175.90 166.83 177.00
Cows 54.62-93.82 72.89 142.99
Bulls all weights 79.93-117.07 97.23 124.00
Veal 600 lbs and over 91.12-155.18 131.49 157.00
Veal 125 lbs and less 100.00-390.00 165.3 425.00
Replacement steers 1000+ 188.77-216.60 19.49 217.00
Replacement steers 900-999 203.29-220.96 214.25 222.00

VIEW INDIVIDUAL AUCTION MARKETS FOR CURRENT PRICES AND TRENDS


Alberta Direct Trade

The Alberta direct cattle trade on Wednesday is not updated at this time. Check the link below for further updates.

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 light to moderate yesterday with business in the south from $136.00-$138.00 live, mainly $136.00-$137.00 which is steady to $1.00 easier. In the north trade was repored at $218.00 dressed, fully steady to last week. Today, light business is expected to continue with asking prices holding at $138.00 live in the south and $220.00 dressed in the north.  Agcenter.com reports: "The markets [stocks, commodities, and cryptocurrencies] remain volatile driven by economic policy, war threats, and general uncertainty in the world. Consumers are kicking back on high beef prices at the stores and retailers are backing away from aggressive purchases as slaughter volumes improve." 

     
Choice and select steers and heifers: (2/3 choice) live 136.00-138.00
  rail 218.00

On the Chicago Mercantile Exchange midsession trade for Thursday January 27th saw:

Live Cattle futures for:

Date $/cwt US  
Feb 137.82 -0.22
Apr 141.62 -0.27
Jun 136.77 -0.27
Aug 135.95 -0.35
Oct 140.65 -0.45
Dec 144.62 -0.60

Feeder Cattle futures for:

Date $/cwt US  
Jan 158.95 +0.22
Mar 159.70 -1.10

Corn futures for:

Date $/bu US cents
Mar 6.26 -1
May 6.24 -1

Soybean futures for:

Date $/bu US cents
Mar 14.49 1/4 +9 1/4
May 14.54 3/4 +7 3/4

Soft Red Winter Wheat for:

Date $/bu US cents
Mar 7.83 -12 1/4
May 7.88 1/4 -12 1/2

Canadian Dollar futures for:

Date    
Mar 78.70 -0.30
Jun 78.70 -0.26

This concludes the Thursday 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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