This is the Beef Farmers of Ontario's mid-day market report for Friday, January 22, 2021
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 |
100.00-142.75 |
130.44 |
142.75 |
| Large & Medium Frame Fed Heifers |
115.00-140.25 |
133.21 |
155.00 |
| Cows |
46.91-61.17 |
53.64 |
109.00 |
| Bulls (all weights) |
52.06-84.89 |
67.37 |
110.00 |
| Veal 600 lbs and over |
104.37-136.70 |
122.93 |
203.00 |
| Replacement Steers 800-899 |
174.78-184.97 |
181.94 |
186.25 |
| Replacement Steers 700-799 |
182.59-216.33 |
203.16 |
220.00 |
| Replacement Steers 600-699 |
188.24-222.13 |
210.72 |
226.00 |
| Replacement Heifers 600-699 |
137.44-188.12 |
166.16 |
192.50 |
| Replacement Heifers 500-599 |
145.75-190.59 |
169.74 |
211.00 |
| Replacement Heifers 400-499 |
159.63-205.49 |
184.32 |
215.50 |
VIEW INDIVIDUAL AUCTION MARKETS FOR CURRENT PRICES AND TRENDS
The Quebec Electronic Market
The Quebec Electronic Market reported for this week ranged from $231.50-$233.75 dressed, up $0.35 from last week on average.
Alberta Direct Trade
The Alberta direct trade on Thursday was light with sales reported at $252.00 delivered on a dressed basis. Canfax notes that sales are steady to Wednesday and $2.00 stronger than last week. Canfax reports: "Packers were indicating cattle that they bough this week would be picked up in 1-3 weeks. Heavy weight carcass discounts were also being noted this week as packers were discounting carcass weighing over 1000lbs and 1050lbs. Alberta fed prices are at a premium to both the Ontario and US market."
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 yesterday with prices steady to last week, despite the increases in cattle futures and boxed beef prices. In the north trade ranged from $170.00-$173.00 dressed, mostly $173.00 while a light test in the south was at $110.00 live. Today some business could continue but it appears the market tone has been established. Asking prices are currently reported at $112.00 live in the south and $175.00 plus dressed in the north. With another round of higher cattle futures today it is possible sellers are going to sit back.
| |
|
|
| Choice and select steers and heifers: (2/3 choice) |
live |
110.00 |
| |
rail |
170.00-173.00 |
On the Chicago Mercantile Exchange midsession trade on Friday January 22nd saw:
Live Cattle futures for:
| Date |
$/cwt US |
|
| Feb |
116.10 |
+2.00 |
| Apr |
121.95 |
+2.00 |
| Jun |
118.40 |
+1.27 |
| Aug |
117.85 |
+0.77 |
| Oct |
121.02 |
+0.45 |
| Dec |
123.35 |
+0.37 |
Feeder Cattle futures for:
| Date |
$/cwt US |
|
| Jan |
137.57 |
+1.70 |
| Mar |
143.22 |
+4.07 |
Corn futures for:
| Date |
$/bu US |
cents |
| Mar |
5.15 3/4 |
-8 1/2 |
| May |
5.18 |
-8 1/4 |
Soybeans futures for:
| Date |
$/bu US |
cents |
| Mar |
13.50 1/2 |
-19 3/4 |
| May |
13.49 1/2 |
-19 1/4 |
Canadian Dollar for:
| Date |
|
|
| Mar |
78.71 |
-0.48 |
| Jun |
78.75 |
-0.46 |
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