Beef Farmers of Ontario’s mid-day market report for Wednesday, April 20, 2022

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Source: Beef Farmers of Ontario

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 30 fed steers & heifers, 175 cows & 15 bulls on offer.

Cows and bulls are selling steady with good thicker cows selling slightly stronger. 800 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 165.24-175.81 171.07 177.25
Large & Medium Frame Fed Heifers 165.51-176.72 172.66 200.50
Cows 78.76-111.06 94.30 141.00
Bulls all weights 108.09-130.19 117.42 141.00
Veal 600 lbs and over 135.53-169.29 153.21 218.00
Veal 125 lbs and less 171.73-308.84 241.43 425.93
Replacement steers 700-799 200.01-235.66 225.73 244.50
Replacement steers 600-699 214.77-251.58 232.20 271.00
Replacement heifers 700-799 155.19-182.53 176.77 186.00
Replacement heifers 600-699 159.77-202.84 177.98 217.00

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 active on Tuesday with prices in the south up $1.00-$2.00 cwt from last week from $139.00-$141.00, mainly $140.00-$141.00 live. In the north some live trade was noted from $143.00-$145.00 up $1.00-$2.00 while dressed deals ranged from $228.00-$232.00, mainly $230.00 up $4.00 cwt.  Today, bids in Nebraska have surfaced from $145.00-$146.00 live  but no trade has surfaced, and all other feeding states are quiet.  Asking price on the remaining cattle are at $142.00-$143.00 live in the south and $234.00 plus dressed in the north.

At the Central Stockyards online auction today there were 3,052 head on offer, in 18 lots. Three lots sold from $134.00-$135.00 live, all Holsteins.  Three lots of beef breeds sold from $140.00-$140.25 live, up $1.00 from last week. 12 lots were unsold with reserve bids from $142.00-$148.00 live not being met.

Choice and select steers and heifers: (2/3 choice) live 139.00-145.00
rail 228.00-232.00

On the Chicago Mercantile Exchange midsession trade on Wednesday April 20th saw:

Live Cattle

Date $/cwt US
Apr 142.45 +1.10
Jun 137.95 +1.37
Aug 139.47 +1.30
Oct 145.47 +1.17
Dec 150.60 +0.92
Feb 154.20 +0.87

Feeder Cattle

Date $/cwt US
Apr 157.60 +0.95
May 162.75 +1.97

Corn

Date $/bu US cents
May 8.07 1/4 +3 1/4
Jul 8.00 3/4 +1

Soybeans

Date $/bu US cents
May 17.30 3/4 +14 1/4
Jul 17.02 1/2 +10 3/4

Soft Red Winter Wheat for:

Date $/bu US cents
May 10.78 1/2 -20 1/2
Jul 10.86 3/4 -22 1/4

Canadian Dollar

Date
Jun 80.07 +0.89
Sep 80.01 +0.86

 This concludes the Wednesday mid-day Cattle Market Report

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