Ont Farm Market News Pm Livestock Summary For April 1
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ONT Farm Market News PM Livestock Summary for April 1
Here is the Country Auction Report as collected by the Beef Farmers of
Ontario Friday.
* REPLACEMENT CATTLE: There were 800 head on offer at Brussels.
Calves and yearlings sold actively at steady prices.
Large & Medium Steers over 900 lbs:$163.13 - $180.98
Large & Medium Steers 700-800 lbs:$183.00 - $213.00
Large & Medium Steers 500-600 lbs:$196.00 - $233.00
Large & Medium Heifers over 800 lbs:$160.87 - $185.14
Large & Medium Heifers 600-700 lbs:$170.00 - $187.00
Large & Medium Heifers 500-600 lbs:$155.00 - $203.75
From the Beef Farmers of Ontario, the Rail Grade Report. Prices are on
carcass weight basis, before grade and weight discounts.
Steers: $290.00 - $290.00
Heifers: $290.00 - $290.00
*From Ontario Pork:
*Quebec's average price on Thursday was $239.13 per ckg D.W. 100 index.
*The previous markets day's CME Constructed (201) price was $102.74 U.S.
per cwt. D.W.
*Compared to the previous day this was down $0.75
*Average weekly price /ckg DW total value $250.67
*Total volume of Ont. hogs sold was 110045
* From the Beef Farmers of Ontario, the weekly beef commentary:
Comments for the week ending March 31, 2022:
There were much lighter receipts of fed steers and heifers sold through
auction markets this week at 339 head, down 146 from last week and 44
fewer than the same week last year. Fed steers sold from $159.66-$173.84,
averaging $169.08, down $3.00 from last week but $27.53 above year ago
pricing. Fed heifers sold from $156.59-$176.25, averaging $168.85, down
$1.31 from last week and $31.72 stronger than last year at this time. Auction
markets reported trade as steady to fully steady and ended the week up
$1.00 cwt.
The Ontario railgrade market continues to trend sideways for the 13th week
in a row. The previous Friday there was no new trade reported but by
Tuesday this week, sales were coming in at $290.00 dressed for steers with
delivery the week of April 18th and starting into the week of April 25th by
Thursday. A couple of deals were noted at $293.00 dressed for steers for
delivery next week, but very limited. Heifers sold from $289.00-$290.00
dressed with delivery dates the same as the steers. This weeks average
price is $50.00 cwt above last year at this time.
Ontario provincial processing volumes for fed cattle, cows and bulls as of
Feb 28th total 14,432 head up 1.2% from 2021 and up 23.7% from 2020. In
that mix, steers are up 6.4% from 2021, heifers fully steady, cull cows down
4.3% and bulls down 12.3% from last year. At federally inspected plants
volumes processed as of Feb 28, 2022 are at 96,622 head up 0.9% from
Feb 28, 2021 but 5.5% below 2020. The volume of steers processed
federally are down 2.1% from Feb 28, 2021 with heifers down 12% compared
to 2021. Cull cow volumes as of Feb 28, 2022 are up 35% from the same
time in 2021. Combined federal and provincial processing volumes as of Feb
28, 2022 are up 1% over last year at this time.
The volume of fed/cull cows sold through auction markets this week was
down 510 head from last week at 1,755 head which is also 542 fewer that the
same time last year. Cows ranged from $80.76-$113.79 averaging $96.89
up $2.59 from last week and $26.71 stronger than the same week last year.
Auction markets reported trade as active with prices steady for most of the
week, but by mid week trade was steady to strong to $2.00-$3.00 cwt higher.
Beef cow volumes were also lower this week over last with prices averaging
$102.56 up $1.08 cwt over last weeks beef cow weighted average price.
Steady receipts of 4,543 stocker and feeder cattle came to market this week,
down just 98 from last week but 1,221 more than this time last year. Auction
markets trade as steady on the calves with quality considered. Yearlings
started out easier but by mid-week the market was reported as active on a
steady to stronger trade. Actual average prices this week for steers 400-500
lbs were down $19.36 from last week, 500-600 lbs down $25.90, 600-700 lbs
down $14.04, 700-800 lbs down $7.70, 800-900 lbs down $2.37, 900-1000
lbs down $4.83 and steers 1000 lbs plus averaged $3.37 below last weeks
weighted average prices. Heifers from 300-400 lbs were up $9.35, 400-500
lbs were down $11.88 on average, 500-600 lbs down $5.84, 600-700 lbs
down $13.27, 700-800 lbs down $18.06, 800-900 lbs down $6.07 and heifers
900 lbs and over averaged $3.57 easier than last weeks weighted average
prices.
The Quebec electronic market this week ranged from $294.75-$295.00 cwt
on a picked-up basis, up $0.56 from last week on average. All cattle were
purchased by Quebec packers.
Alberta direct trade was light on Wednesday and Thursday with prices
reported as steady at $275.00 delivered on a dressed basis. Canfax reports:
Cattle that traded this week were being scheduled for late April/early May
delivery. Fed prices have trended sideways for the past seven weeks
averaging in the low $160s/cwt.
The U.S. cash cattle trade for the week ending March 25th was steady in the
south and steady to $0.50 easier in the north. Prices for the week, reported
by the USDA Mandatory Price Report saw live sales range from $135.00-
$144.00 with steers averaging $138.95 down $0.15 from the previous week
while heifers averaged $138.32 down $0.16. On the rail trade for the week
ranged from $219.00-$225.00 dressed with steers averaging $221.46 down
$0.22 while heifers averaged $221.00 down $0.47 from the previous weeks
weighted average prices.
This week the U.S. cash cattle trade was quiet until Wednesday where a light
to moderate trade developed in the south from $137.00-$138.00 live, mainly
$138.00 which is fully steady to last weeks southern sales. A very light test
in
the north on Wednesday ranged from $139.00-$140.00 live, steady to a
touch stronger while dressed deals ranged from $221.00-$225.00 also
steady to slightly higher than last week. At the Central Stockyards online
auction Wednesday, there were 2,526 head on offer, in 15 lots with delivery
in 1-30 days. Thursday, moderate trade in the north was stronger with
dressed deals from $219.00-$228.00, mainly $222.00-$223.00 up $1.00-
$2.00 cwt with a few live sales from $138.00-$144.00 with the top end of the
range in Iowa, also stronger than last week. Today the market is quiet
however some clean up trade is possible.
Jamie Gamble - Beef Farmers of Ontarios market information report.