Ont Farm Market News Pm Livestock Summary For April 29
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ONT Farm Market News PM Livestock Summary for April 29
Here is the Country Auction Report as collected by the Beef Farmers of
Ontario Friday.
* REPLACEMENT CATTLE: There were 1,400 head on offer at Brussels.
Calves sold steady, with grass-types selling at a premium. Yearlings had
not sold at the reporting time.
Large & Medium Steers over 900 lbs:$171.25 - $187.67
Large & Medium Steers 700-800 lbs:$195.50 - $245.00
Large & Medium Steers 500-600 lbs:$216.00 - $260.00
Large & Medium Heifers over 800 lbs:$139.19 - $172.34
Large & Medium Heifers 600-700 lbs:$168.00 - $218.00
Large & Medium Heifers 500-600 lbs:$170.00 - $229.00
From the Beef Farmers of Ontario, the Rail Grade Report. Prices are on
carcass weight basis, before grade and weight discounts.
Steers: $295.00 - $295.00
Heifers: $294.00 - $295.00
*From Ontario Pork:
*Quebec's average price on Thursday was $206.25 per ckg D.W. 100
index.
*The previous markets day's CME Constructed (201) price was $101.7
U.S. per cwt. D.W.
*Compared to the previous day this was down $0.21
*Average weekly price /ckg DW total value $253
*Total volume of Ont. hogs sold was 109996
* From the Beef Farmers of Ontario, the weekly beef commentary:
Comments for the week ending April 28, 2022 :
Larger volumes of fed steers and heifers came to market this week with
auctions reporting 493 head sold, up 37 from last week but 106 fewer than
this time last year. Fed steers ranged from $163.05-$177.96, averaging
$172.01, down $1.77 from last week but $25.10 stronger than year ago
prices. Fed heifers ranged from $161.58-$178.89, averaging $173.23, up
$2.59 from the week before and $30.69 stronger than last year at this
time. Auction markets reported trade as strong with prices reported as
steady to $2.00-$5.00 cwt higher on the good quality cattle.
The Ontario railgrade market moved higher this week after fifteen straight
weeks at $290.00 dressed, with a slight improvement last week at
$290.00-$293.00, but majority were at $290.00. Early this week prices
were reported at $295.00 for steers and $294.00-$295.00 for heifers and
held steady for the week. Average prices are up $4.00 cwt from last week
with delivery noted mainly for the week of May 16th.
Larger receipts of cull cows saw a steady market overall. There were
2,273 fed/cull cows sold through auction markets this week up 394 from
last week and 23 more than the same time last year. Cows sold from
$77.83-$109.81 averaging $93.36 up $0.27 from the previous week and
$13.93 stronger than year ago prices. Auction markets reported trade as
steady to start the week. Tuesday saw a good active trade with prices
ranging anywhere from barely steady to slightly higher. The market ended
the week steady to softer. Beef cow volumes were up this week at 687
head which is the largest weekly volume this year. Beef cows averaged
$98.30 cwt down $1.06 from last weeks weighted average beef cow price.
Dairy cow volumes are up from recent weeks but are still well below the
volumes we normally see this time of year.
Much larger volumes of stocker and feeder cattle were on offer this week
with auctions reporting 9,818 head sold up 5,636 from the previous week
and 1,534 more than the same time last year. Auction markets reported
calves as steady to firm on a strong active trade with vaccinated cattle
stronger. Grass types were in strong demand with keen buyer interest
reported and prices fully steady to stronger and one market noting prices
up $5.00-$8.00 cwt. Top quality yearlings were steady until Wednesday
when the market was trading stronger on a good demand. Second cut
yearlings were noted as easier this week. Actual average prices saw
steers 400-500 lbs down $7.41 from last week, 500-600 lbs up $6.34, 600-
700 lbs up $7.79, 700-800 lbs up $6.76, 800-900 lbs up $0.47, 900-1000
lbs down $2.99 and steers 1000 lbs and over averaged $0.80 below last
weeks weighted average prices. Heifers from 300-400 lbs were down
$22.65 from last week on light receipts, 400-500 lbs up $0.42, 500-600 lbs
up $2.59, 600-700 lbs up $6.72, 700-800 lbs up $7.00, 800-900 lbs up
$21.01 and heifers 900 lbs and over averaged $15.11 higher than last
weeks weighted average prices.
The Quebec electronic market this week ranged from $303.00-$303.25
dressed cwt on a picked-up basis, up $0.75 from last week on average.
Alberta direct trade this week was light with prices steady to $3.00 higher
from $280.00-$284.00 delivered on a dressed basis. Canfax reports:
Cattle that traded this week were being scheduled for late May/early June
delivery. Tentatively new annual price highs were established from both
the Alberta and Ontario markets. Heifer trade was too light to establish a
price report.
The U.S. cash cattle trade for the week ending April 22nd was stronger
with the north continuing at a premium to the south. Business in the south
was up $1.00-$2.00 at mainly $140.00-$141.00 live. Dressed deals in the
north were up $5.00-$6.00 cwt with sales from $230.00-$238.00 dressed,
mainly $231.00-$233.00 with live trade mostly at $145.00. Final results for
the week posted by the USDA Mandatory Price Report saw live steers
average $143.02 up $2.00 with heifers averaging $142.91 up $2.70. On
the rail steers averaged $232.29 up $6.40 with heifers averaging $230.95
up $5.80 from the previous week.
This week, the U.S. cash cattle trade has been active with trade starting
on Monday and continuing through to Wednesday with prices holding
steady to last week. In the south trade was noted from $139.00-$141.00
live, mainly $140.00. In the north dressed deals ranged from $225.00-
$238.00, averaging around $232.00 which is steady on the steers and a
touch stronger on the heifers, while live trade in the north ranged from
$145.00-$148.00, mostly $145.00-$147.00 which is steady. At time of
reporting the market is quiet with no bids reported. At this point it appears
that other than a few clean up deals, this weeks trade has been
completed.
Jamie Gamble - Beef Farmers of Ontarios market information report.