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