Noon Report

This is the Beef Farmers of Ontario's mid-day market report for Wednesday, June 29, 2022

Prices are reported on a "per one hundred pound" basis, unless otherwise stated.

Updated daily as the information is submitted, completed by 12:00 noon.

Today at the Ontario Stockyards Inc. there are 25 fed steers & heifers, 185 cows & bulls on offer.

Cows are selling fully steady to $4.00 cwt stronger while bulls are trading fully steady. 400 stockers are expected for Thursday's sale.


VIEW INDIVIDUAL AUCTION MARKETS FOR CURRENT PRICES AND TRENDS

Ontario auction sales on Tuesday saw weighted average prices for:

Livestock Range Avg Top Price
Large & Medium Frame Fed Steers 181.35-196.70 191.21 202.50
Large & Medium Frame Fed Heifers 168.04-194.08 185.91 209.50
Cows 95.89-131.85 113.90 172.00
Bulls under 1600 lbs 117.51-154.94 139.52 175.00
Bulls over 1600 lbs 125.96-156.38 140.72 168.00
Veal 600 lbs and over 140.54-174.16 157.49 207.00
Veal 125 lbs and less 150.97-355.70 267.09 477.06
Replacement steers 900-999 173.15-208.51 202.66 209.69
Replacement steers 700-799 152.36-236.89 217.26 239.00
Replacement heifers 800-899 158.33-189.32 176.96 189.99

Alberta Direct Trade

The Alberta direct trade for Tuesday was not updated at time of reporting. 

         
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 quiet with just a couple of deals in the south at steady money but nothing is verifed at this time. This morning the market is quiet but packer interest should start to surface as the day progresses. Asking prices in the south are sitting at $140.00 live while the north still remains undefined. Sellers are expected to hold out for at least steady prices this week.  Show lists in the south are lighter and the north is steady to a touch higher than last week and boxed beef prices were stronger yesterday. However, packers are buying for a shorter week next week due to the 4th of July holiday on Monday.

At the Central Stockyards online auction today there are 1,628 head on offer, in 9 lots with delivery in the next two weeks.  One lot of 265 steers sold in Texas for $138.00 live while the remaining 8 lots were left unsold as reserve bids from $135.00 (1 lot) and $138.50-$140.00 live were not met.

     
Choice and select steers and heifers: (2/3 choice) live 138.00
  rail N/T

On the Chicago Mercantile Exchange midsession trade on Wednesday June 29 saw:

Live Cattle

Date $/cwt US  
Jun 136.57 +0.27
Aug 132.47 -0.25
Oct 139.05 -0.35
Dec 144.62 -0.62
Feb 149.17 -0.77
Apr 152.42 -0.80

Feeder Cattle

Date $/cwt US  
Aug 170.55 -1.27
Sep 173.50 -1.45

Corn

Date $/bu US cents
Jul 7.69 1/4 +9 3/4
Sep 6.67 3/4 -2

Soybeans

Date $/bu US cents
Jul 16.80 +16 1/4
Aug 15.65 +8 1/2

Soft Red Winter Wheat for:

Date $/bu US cents
Jul 9.19 1/4 -2
Sep 9.35 -1

Canadian Dollar

Date    
Sep 77.65 -0.06
Dec 77.64 -0.09

 This concludes the Wednesday 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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