ONT Farm Market News PM Livestock Summary for August 12 Here is the Country Auction Report as collected by the Beef Farmers of Ontario Friday. * REPLACEMENT CATTLE: There were 750 head on offer at Brussels. Calves and yearlings traded actively at steady prices, with grass-type cattle bringing a premium. Large & Medium Steers over 900 lbs:$193.93 - $211.73 Large & Medium Steers 700-800 lbs:$170.00 - $255.00 Large & Medium Steers 500-600 lbs:$222.50 - $265.00 Large & Medium Heifers over 800 lbs:$162.74 - $192.02 Large & Medium Heifers 600-700 lbs:$210.00 - $220.00 Large & Medium Heifers 500-600 lbs:$160.00 - $225.00 *From Ontario Pork: *Quebec's average price on Thursday was $256.6 per ckg D.W. 100 index. *The previous markets day's CME Constructed (201) price was $122.06 U.S. per cwt. D.W. *Compared to the previous day this was up $0.39 *Average weekly price /ckg DW total value $312.77 *Total volume of Ont. hogs sold was 81751 * From the Beef Farmers of Ontario, the weekly beef commentary: Comments for the week ending August 11, 2022 : Larger volumes of 328 fed steers and heifers sold through auction markets this week up 188 head from last week but 47 fewer than the same time last year. Fed steers ranged from $172.42-$188.99 with a weekly weighted average price of $181.50 up $3.12 from the previous week and $29.37 stronger than year ago prices. Fed heifers sold from $159.49-$182.05 averaging $173.67 down $3.71 from last week but $29.92 above year ago prices. Auction market reported trade as steady to slightly lower, with quality considered. The Ontario railgrade market was very quiet this week with just a couple of scattered deals reported at $306.00 dressed for steers, but not enough sold this week to establish a market. One federal packer has not had a bid since Monday and was still quiet at time of reporting. The $306.00 price is fully steady to the previous week with delivery noted for the week of September 5th. The $306.00 price is $48.00 cwt stronger than this time last year where sales were also limited with one federal packer purchasing sporadically. Federally inspected processing volumes at Ontario plants total 352,721 head as of July 30, 2022 up 0.4% from the same time in 2021 and up 3% from July 30, 2020. In the mix steers are up 1.1% over 2021, heifers down 13.7% and cow processing volumes as of July 30, 2022 are up 15.3% over 2021. Year to date grading data as of July 30, 2022 shows 6% of cattle graded Prime versus 6.8% in 2021, 68.6% graded AAA versus 71% in 2021 and 23.3% of cattle year to date have graded AA versus 20.3% in 2021. Larger volumes of fed/cull cows sold through Ontario auction markets this week at 1,780 head, up 244 from last week but 586 fewer than the same time last year. Cows ranged from $80.97-$120.08 averaging $99.02 down $1.63 from last week but $22.89 stronger than last year at this time. Auction markets reported trade as active on good demand with prices steady to stronger for most of the week, but ended the week at slightly easier prices. 362 of the cows sold were beef cows up 93 from last week, averaging $111.64 down $0.97 from the previous weeks weighted average beef cow price. 2,428 stocker and feeder cattle sold through auction markets this week up 436 head from last week but 186 fewer than the same week last year. Auction markets reported trade as higher to start out the reporting period but from Monday onward trade was reported as steady across the board. Actual average prices this week for steers 400-500 lbs were down $25.74 on average, 500-600 lbs down $5.37, 600-700 lbs up $17.05, 700-800 lbs up $1.52, 800-900 lbs up $1.05, 900-1000 lbs down $0.76 and steers 1000 lbs plus averaged $0.27 lower than last weeks weighted average prices. Heifers from 400-500 lbs were down $27.39 from last week on average but on light receipts, 500-600 lbs up $5.63, 600-700 lbs down $7.76, 700-800 lbs down $0.67, 800-900 lbs up $1.51 and heifers 900 lbs and over averaged $0.35 lower than last week on average. The Quebec electronic market is not available this week. Alberta direct trade was light this week with prices up around $1.00 cwt from $296.00-$298.00 delivered on a dressed basis. Canfax reports: Cattle that traded this week were being scheduled for early September delivery. Tentatively fed cattle prices did set new annual highs this week. Basis levels did weaken but stronger prices did encourage producers to market cattle. The U.S. cash cattle trade the week ending August 5th did improve slightly as the week progressed with sales in the south from $135.00-$136.00 early week, to $136.00-138.00 by the end. In the north trade was noted at $140.00-$143.00 to start the week and $225.00-$230.00 dressed. By the end of the week trade was sitting at $143.00-$147.00 live and $227.00- $232.00 dressed as the north continued to trade at a premium to the south. Overall prices for the week, reported by the USDA Mandatory Price report, saw steers averaging $140.84 live up $1.01 from the previous week while heifers averaged $138.19 up $0.39. On the rail steers averaged $227.83 up $2.30 with heifers averaging $227.80 up $2.48. The U.S. cash cattle trade this week was moderate to active with sales in the south from $138.00-$140.00 live, mainly $140.00 up $3.00-$4.00 cwt. Business in the north ranged from $142.00-$149.00 live, mostly $146.00 with dressed deals from $228.00-$235.00, mostly $229.00-$230.00 up $2.00- $3.00 cwt. At time of reporting the market is quiet and it appears that business for this week has been completed. Jamie Gamble - Beef Farmers of Ontarios market information report.