Noon Report

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."

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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 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

 

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