Noon report

87

Source: BFO

This is the Beef Farmers of Ontario’s mid-day market report for Thursday, August 4, 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 120 fed cattle, 400 cows, & 250 stockers, on offer.

Fed cows are selling actively at higher prices, with good cows from 104.00-127.00 sales to 144.00.


Ontario auction sales on Wednesday saw weighted average prices for:

Livestock Range Avg Top Price
Large & Medium Frame Fed Heifers (19 hd) 169.79-177.58 172.45 188.50
Cows 79.74-121.88 97.07 160.00
Bulls over 1600 lbs 149.05-166.36 158.63 170.00
Veal 600 lbs and over 90.19-170.81 141.37 179.00
Veal 125 lbs and less 60.00-310.00 113.93 360.00
Replacement steers 1000+ 187.00-215.00 199.51 215.00
Replacement steers 900-999 202.00-221.00 212.12 221.00

VIEW INDIVIDUAL AUCTION MARKETS FOR CURRENT PRICES AND TRENDS


Alberta Direct Trade

The Alberta direct cattle trade on Wednesday was not updated at time of reporting. Check the link below for further updates.

GO TO SITE

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 on Wednesday with trade in the south from $135.00-$136.00 live, with the $136.00 in Kansas, which is steady to last week. In the north trade ranged from $140.00-$144.00 live up $1.00-$2.00 from last week with dressed trade starting at $225.00 but improving to $228.00-$232.00 as the day progressed, up $3.00-$4.00 cwt. This morning a couple of deals in Texas are steady at $135.00 live while the rest of the country is quiet. Business should continue today and possibly tomorrow, with asking prices reported as firm at $137.00-$138.00 live in the south and $232.00 plus dressed in the north.

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

On the Chicago Mercantile Exchange midsession trade for Thursday August 4th saw:

Live Cattle futures for:

Date $/cwt US
Aug 137.67 -0.22
Oct 143.47 -0.47
Dec 149.67 -0.27
Feb 153.97 -0.07
Apr 156.82 -0.15
Jun 151.37 -0.22

Feeder Cattle futures for:

Date $/cwt US
Aug 178.22 -1.12
Sep 181.57 -1.32

Corn futures for:

Date $/bu US cents
Sep 6.01 1/4 +9 3/4
Dec 6.05 1/4 +9

Soybean futures for:

Date $/bu US cents
Aug 15.91 3/4 +33 3/4
Sep 14.50 +46 1/4

Soft Red Winter Wheat for:

Date $/bu US cents
Sep 7.85 1/4 +21 1/2
Dec 8.04 1/4 +20 3/4

Canadian Dollar futures for:

Date
Sep 77.77 -0.07
Dec 77.76 -0.06

This concludes the Thursday mid-day Cattle Market report.

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