ONT Farm Market News PM Livestock Summary for August 5 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 higher. Large & Medium Steers over 900 lbs:$188.41 - $217.04 Large & Medium Steers 700-800 lbs:$203.00 - $250.00 Large & Medium Steers 500-600 lbs:$210.00 - $285.00 Large & Medium Heifers over 800 lbs:$175.25 - $196.54 Large & Medium Heifers 600-700 lbs:$150.00 - $195.00 Large & Medium Heifers 500-600 lbs:$162.50 - $197.00 From the Beef Farmers of Ontario, the Rail Grade Report. Prices are on carcass weight basis, before grade and weight discounts. Steers: $306.00 - $306.00 Heifers: $305.00 - $305.00 *From Ontario Pork: *Quebec's average price on Thursday was $252.2 per ckg D.W. 100 index. *The previous markets day's CME Constructed (201) price was $122.3 U.S. per cwt. D.W. *Compared to the previous day this was up $1.37 *Average weekly price /ckg DW total value $303.93 *Total volume of Ont. hogs sold was 99356 * From the Beef Farmers of Ontario, the weekly beef commentary: Comments for the week ending August 4, 2022: It was a fairly quiet week this week with just 140 fed steers and heifers sold through auction markets, down 216 from last week and 131 fewer than the same time last year. 62 fed steers sold from $164.52-$187.10 averaging $178.38 down $0.33 from the previous week but $26.02 above year ago prices. 78 fed heifers sold this week from $162.24-$186.97 averaging $177.38 up $5.83 on average from the week before and $28.05 stronger than this time last year. Auction markets reported light runs with prices steady with quality considered, with one market noting steers up $4.00-$5.00 cwt. The Ontario railgrade market was also very light this week with prices fully steady to last week at $306.00 dressed for steers and $305.00 for heifers with a few at $306.00. The cattle sold early in this reporting period were scheduled for the weeks of August 22nd and 29th delivery, but as the week progressed sales were noted for the last week in August delivery and the week of September 5th. This weeks average price is up $48.00 cwt from the same time last year. Fed/cull cow volumes were down by 232 head from the previous week at 1,536, which is also 470 less than the same week one year ago. Cows sold from $84.54-$121.24 averaging $100.65 cwt up $2.59 from last week and $23.74 stronger than year ago pricing. Auction markets reported good cows steady to stronger with beef cows steady to $3.00 cwt higher by weeks end. Dairy breeds were noted as steady to start the week but higher by weeks end. Plainer cows sold at easier prices. Beef cow volumes were lighter this week by around 80 head, averaging $112.61 cwt, up $3.06 from last weeks weighted average beef cow price. The stocker and feeder cattle market also saw very light volumes this week with just 1,992 head sold through auction markets, down 592 from last week and 85 fewer than last year at this time. Auction markets reported calves as active with prices steady to stronger and sharply higher by the end of the week. Yearlings/heavier cattle were steady with quality considered to start out the week, but by Tuesday good quality cattle were up $5.00-$8.00 cwt. By mid-week heavier cattle were reported as easier but ended the week firm to stronger. Grass types sold on a steady market. Overall average prices for the week saw steers 400-500 lbs up $15.20 from last week on average, 500- 600 lbs up $6.83, 600-700 lbs down $8.35, 700-800 lbs up $10.78, 800-900 lbs up $3.08, 900-1000 lbs up $7.22 and steers 1000 lbs plus averaged $3.05 easier than last weeks trade. Heifers from 400-500 lbs were up $13.87, 500-600 lbs down $4.40, 600-700 lbs up $5.85, 700-800 lbs up $2.29, 800-900 lbs up $8.92 and heifers 900 lbs and over averaged $8.58 higher than last weeks weighted average prices. Compared to one year ago all weight categories are averaging $19.00-$50.00 cwt stronger. The Quebec electronic market reported for this week saw sales range from $300.00-$301.00 dressed on a picked-up basis, down $1.33 cwt from the previous week on average. Alberta direct trade on Wednesday was reported as light by Canfax with prices up $1.00-$3.00 cwt from last week at $295.00-$297.00 delivered on a dressed basis on a smaller offering this week. Thursday, trade continued at $296.00-$297.00 delivered on a dressed basis. Canfax reports: Lift dates are staring to tighten up, cattle that were bought this week were being scheduled for late August/early September delivery. Tentatively fed cattle prices did set new annual highs this week, it is very rare that annual highs are established during the third quarter. The U.S. cash cattle trade the week ending July 29th was softer than the previous week with the north continuing at a premium to the south. Trade in Texas was mainly $135.00 live, down $1.00 on average, while Kansas was from $135.00-$137.00, mainly $135.00-$136.00. In Nebraska live trade ranged from $138.00-$141.00 while Iowa saw live sales from $141.00- $145.00. Dressed deals in the north ranged from $224.00-$230.00. Overall average prices for the week reported by the USDA Mandatory Price Report saw live steers average $139.83 down $1.29 from the previous week while live heifers averaged $137.80 down $0.60. On the rail steers averaged $225.53 dressed down $2.06 from the week before while heifers averaged $225.32 down $1.54. The U.S. cash cattle trade this week reported smaller show lists in all feeding states, with Kansas reporting the largest decrease in volume over last week. On Tuesday a light test surfaced in all feeding states at steady prices. Business in the south was mainly $135.00 live which is fully steady to $1.00 lower, while northern deals ranged from $141.00-$143.00 on a live basis which is steady to slightly stronger and $225.00 dressed which is steady. Wednesday, was light to moderate 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 $2.00 cwt. Thursday, trade was light in the south with prices up $1.00 from early week trade at $136.00 live in Texas and $136.00-$138.00 live in Kansas. In the north stronger prices on Thursday saw live sales range from $142.00-$147.00 with dressed deals from $226.00- $232.00, mainly $227.00-$228.00 up $2.00-$3.00 cwt. A few clean up deals are possible today but at this point it appears the bulk of trade has been completed. Jamie Gamble - Beef Farmers of Ontarios market information report.