ONT Farm Market News PM Livestock Summary for July 15 Here is the Country Auction Report as collected by the Beef Farmers of Ontario Friday. * REPLACEMENT CATTLE: There were 700 head on offer at Brussels. Calves and yearlings sold steady. Large & Medium Steers over 900 lbs:$190.07 - $207.34 Large & Medium Steers 700-800 lbs:$204.00 - $263.00 Large & Medium Steers 500-600 lbs:$163.00 - $277.00 Large & Medium Heifers over 800 lbs:$167.81 - $193.41 Large & Medium Heifers 600-700 lbs:$158.00 - $210.00 *From Ontario Pork: *Quebec's average price on Thursday was $236.33 per ckg D.W. 100 index. *The previous markets day's CME Constructed (201) price was $113.94 U.S. per cwt. D.W. *Compared to the previous day this was up $1.11 *Average weekly price /ckg DW total value $276.51 *Total volume of Ont. hogs sold was 96390 * From the Beef Farmers of Ontario, the weekly beef commentary: Comments for the week ending July 15 , 2022: 315 fed steers and heifers sold through auction markets this week, fully steady to last week but 264 fewer than this time last year. Fed steers ranged from $175.41-$192.03, with a weekly weighted average price of $187.06, up $0.29 from last week and $29.41 stronger than year ago prices. Fed heifers ranged from $177.95-$189.73, averaging $185.74 cwt, up $4.47 from the previous week and $33.82 above this time last year. Auction markets reported trade as steady to slightly lower and ended the week $2.00 cwt easier. The Ontario railgrade market was light this week with a few sales early week at $315.00 dressed for steers which is steady to the bottom of the previous weeks trade, with delivery the week of August 1st. By Wednesday trade was $2.00 easier at $313.00 dressed for both steers and heifers with delivery the weeks of August 8th and a few the week of August 15th. This weeks prices are averaging $3.75 easier than last week. Last year at this time volumes sold were limited at $263.00 dressed for steers with delivery also the first week in August. The Boxed Beef Report by Kevin Grier reports the market overview: Prices were steady to higher last week on good post-holiday demand in the United States. Canadian beef movement also showed more signs of life at both retail and foodservice. In Canada the improvement in feature pricing and frequency has made a difference. With that noted, retailers in both Canada and the United States remain troubled by the high ratio of product sold on feature versus regular price. Outside cuts continue to be impressive in pricing and sales positioning. On the other hand, packers do appear to be challenged when it comes to strips and ribs. With that said, generally, there appears to be a supply and demand balance. 2,159 fed/cull cows sold through auction markets this week down 32 head from last week, but 314 more than the same week last year. Cows ranged from $89.55-$123.29 averaging $105.57 down $3.80 cwt from the previous week but $25.88 stronger than year ago prices. Auction markets reported trade as active with prices steady to lower. Beef cow volumes were down by 95 head from last week averaging $114.79 down $7.78 from last weeks strong beef cow market. 2,152 stocker and feeder cattle sold through auction market this week down 207 head from the week before and 774 fewer than the same time last year. Auction markets reported trade as active with a strong demand on the calves and steady to higher prices with quality considered. Yearlings were also active with good quality steers and all heifers noted as steady, while second cut steers were easier to start the week. As the week progressed heavy cattle were steady. Actual average prices this week saw steers 400-500 lbs up $8.28 from the previous week on average, 500-600 lbs up $15.13, 600-700 lbs up $14.56, 700-800 lbs down $13.99, 800-900 lbs down $4.76, 900-1000 lbs down $3.51 and steers 1000 lbs plus averaged $0.39 stronger than last weeks weighted average prices. Heifers from 400-500 lbs were up $15.14 on average, 500-600 lbs down $24.42, 600-700 lbs up $7.05, 700-800 lbs down $12.61, 800-900 lbs down $9.55 and heifers 900 lbs and over averaged $1.36 stronger than last week on average. All classes continue to trade above year ago prices. The Quebec electronic market this week sold at $307.00 cwt dressed on a picked-up basis, down $2.56 cwt from last week on average. Alberta direct trade was light on Wednesday with prices steady to $2.00 cwt stronger than last week from $292.00-$293.00 delivered on a dressed basis. Thursday, trade continued at $293.00 cwt. Canfax reports: Live sales were reported around 177.00 FOB the feedlot, 3.00 higher than last weeks weighted average price. Lift times were all over the map depending on who bought the cattle. Some cattle would be picked up in late July while other were being scheduled for the second half of August delivery. The U.S. cash cattle trade the week ending July 8th was moderate with prices slightly easier. In the south trade ranged from $135.00-$140.00 live, mainly $137.00. In the north live trade ranged from $145.00-$151.00 while dressed deals in the north sold from $230.00-$238.00, mainly $232.00. Prices overall for the week reported by the USDA Mandatory Price Report saw live steers average $144.35 down $1.81 while heifers averaged $141.73 down $2.32. On the rail, steers and heifers averaged $232.22 with steers down $1.74 and heifers $1.87 easier than the previous week on average. In the U.S. this week the cash cattle trade was at a standstill until Wednesday, where light to moderate trade developed in all feeding states. Business in the south held steady from $136.00-$140.00 live, mainly $137.00 with just a few in Texas at $136.00 down $1.00. In the north trade ranged from $228.00-$234.00 dressed, mostly $230.00 down around $2.00 cwt with some live trade from $144.00-$147.00 also down $2.00- $3.00. Thursday a light scattered trade was steady to weaker than Wednesday. In the south business continued at $137.00 live while the north ranged from $140.00-$150.00 live down $2.00-$4.00 from last week and $230.00-$232.00 dressed which is steady to early week trade. Asking prices on the remaining cattle are noted at $138.00 plus live in the south and $234.00 plus dressed in the north. A few clean up deals are possible but it appears the bulk of trade has been completed. Jamie Gamble - Beef Farmers of Ontarios market information report.