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.
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| 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."
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|
|
| 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