This is the Beef Farmers of Ontario’s mid-day market report for Monday, June 27, 2022

80

Source: Beef Farmers of Ontario

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 Stockyards Inc, there are 50 veal on offer.

Veal has not started to trade at this time.


At Kawartha Lakes Community Sale Barn Inc. on Saturday, there were 180 head of cattle on offer.

Cows sold sharply higher with good cows selling at a premium. Veal sold strong.

Livestock Range Avg Top Price
Cows 103.00-138.00 114.67 152.00
Bulls over 1600 lbs 133.00-169.00 154.37 169.00
Veal over 600 lbs 133.00-155.00 146.74 155.00
Veal under 125 lbs 170.00-260.00 190.14 260.00

VIEW INDIVIDUAL AUCTION MARKETS FOR CURRENT PRICES AND TRENDS

Ontario auction sales summary for Friday & Saturday saw weighted average prices for:

Livestock Range Avg Top Price
Replacement steers 1000+ 178.50-199.00 188.66 200.25
Replacement steers 900-999 195.50-207.50 200.84 209.25
Replacement steers 800-899 176.50-210.00 195.81 214.00
Replacement heifers 900+ 158.00-180.50 167.42 185.50
Replacement heifers 700-799 157.99-205.03 185.36 206.00
Replacement heifers 600-699 179.36-209.45 201.76 211.00

U.S. Trade (U.S. funds)

The U.S. cash cattle trade is quiet this morning as both sides take inventory and new show lists are distributed. Both bids and asking prices are unestablished at this time but are expected to be steady to higher than last week. Packers this week will be buying for a holiday shortened week next week.  Last week the north was at a premium to the south and some southern cattle were being picked up by the nothern packers. Live prices in the south were mainly $137.00-$138.00 live down around $1.00 from the previous week with live trade in then north from $146.00-$150.00. But the largest price increase was on the dressed cattle in the north which had a wide trading range of $230.00-$240.00 averaging around $234.00 up $4.00 cwt. Sellers will be looking for stronger prices this week.

Choice and select steers and heifers: live N/T
rail N/T

On the Chicago Mercantile Exchange midsession trade on Monday, June 27th saw:   

Live Cattle futures for:

Date $/cwt US
Jun 135.75 +0.40
Aug 133.50 +0.12
Oct 139.92 +0.17
Dec 145.77 +0.52
Feb 150.37 +0.62
Apr 153.45 +0.45

Feeder Cattle futures for:

Date $/cwt US
Aug 174.15 +1.65
Sep 176.67 +1.60

Corn futures for:

Date $/bu US cents
Jul 7.43 3/4 -6 1/2
Sep 6.65 1/4 -17 1/2

Soybean futures for:

Date $/bu US cents
Jul 16.29 1/2 +18 3/4
Aug 15.29 3/4 +9

Soft Red Winter Wheat for:

Date $/bu US cents
Jul 9.23 3/4 +0.00
Sep 9.36 3/4 + 1/4

Canadian dollar futures for:

Date
Sep 77.66 +0.26
Dec 77.71 +0.29

Fed Cattle Exported from Ontario To The U.S.

Livestock Week Ending June 11, 2022 Week Ending June 4, 2022 YTD  2022
Grand Total 1,408 1,509 42,789
Fed Cattle & Cows 1,286 1,403 40,250
Bulls 122 106 2,539

Federally Inspected Canadian Processing Volumes

Livestock Week Ending June 18, 2022 YTD % Change From Yr Ago
Grand Total 61,155 1,517,053 +3%
Western Slaughter 49,216 1,194,874 +4%
Eastern Slaughter 11,939 322,179 +1%

USDA Estimated Cattle Kill

Livestock Week Ending June 25, 2022 Week Ending June 18, 2022 Year Ago
Grand Total 666,000 667,000 660,000

LEAVE A REPLY

Please enter your comment!
Please enter your name here