ONT Farm Market News PM Livestock Summary for July 8 Here is the Country Auction Report as collected by the Beef Farmers of Ontario Friday. * REPLACEMENT CATTLE: There were 1,100 head on offer at Brussels. Calves and yearlings sold on a strong trade. Large & Medium Steers over 900 lbs:$185.22 - $207.71 Large & Medium Steers 700-800 lbs:$174.00 - $237.50 Large & Medium Steers 500-600 lbs:$230.00 - $283.00 Large & Medium Heifers over 800 lbs:$166.94 - $187.96 Large & Medium Heifers 600-700 lbs:$158.00 - $220.00 Large & Medium Heifers 500-600 lbs:$165.00 - $200.00 From the Beef Farmers of Ontario, the Rail Grade Report. Prices are on carcass weight basis, before grade and weight discounts. Steers: $315.00 - $315.00 Heifers: N/A - N/A *From Ontario Pork: *Quebec's average price on Thursday was $230.85 per ckg D.W. 100 index. *The previous markets day's CME Constructed (201) price was $110.87 U.S. per cwt. D.W. *Compared to the previous day this was up $1.47 *Average weekly price /ckg DW total value $274.21 *Total volume of Ont. hogs sold was 74317 * From the Beef Farmers of Ontario, the weekly beef commentary: Comments for the week ending July 7, 2022: Fed cattle receipts were steady this week with 308 fed steers and heifers sold through auction markets, down just 34 from last week and 16 fewer than the same time last year. Fed steers sold from $172.78-$196.27, averaging $186.77, which is identical to last weeks weighted average prices and $30.97 above year ago prices. Fed heifers sold from $165.41-$191.99, averaging $181.27, down $4.32 from the previous week but $24.30 stronger than last year at this time. Auction markets reported trade as steady to fully steady with one market noting sales steady to slightly stronger than last weeks trade. The Ontario railgrade market this week saw a full trading range from $315.00-$320.00 dressed for steers and $314.00-$317.00 for heifers. Early week, cattle selling for delivery the weeks of July 18th and 25th were bought at $318.00-$320.00 dressed for steers and $317.00 for heifers. As the week progressed, cattle sold for the week of August 1st delivery were at $315.00 dressed for steers and $314.00 for heifers. Overall average prices were down $1.25 from last week but $47.75 stronger than year ago prices, which were extremely limited. Federally inspected processing in Ontario has been lighter in volume the last five weeks with volumes in the 10,500 plus range compared to 12,000 plus for much of this year. The week ending July 2nd with the Canada holiday included, was very light at just 8,400 head which is the lowest weekly volume since the last two weeks of December 2021. As of July 2nd federally inspected processing volumes in Ontario total 307,372 head, up 0.7% over 2021 year to date and 2.5% above July 2, 2020. There were larger volumes of fed/cull cows sold through auction markets this week at 2,191 head, up 121 from last week and 432 more than the same week last year. Cows ranged from $92.23-$127.48 averaging $109.37 down $0.83 from the previous week but still $30.06 stronger than year ago prices. Auction markets reported trade as active at steady to fully steady prices, with good quality cows up $5.00-$10.00 cwt. Beef cow volumes were up just over 100 head from last week with the weekly weighted average at $122.57 up $4.36 cwt from last weeks weighted average beef cow price. 2,359 stocker and feeder cattle sold through auction markets this week down 94 head from last week but 40 more than the same week last year. Auction markets reported trade as steady for the most part with lighter weights fully steady on good demand. By mid-week heavier cattle were reported as barely steady. Actual average prices this week saw steers 400-500s up $5.61 on average from last week, 500-600 lbs down $5.20, 600-700 lbs down $3.25, 700-800 lbs down $3.37, 800-900 lbs up $2.36, 900-1000 lbs up $0.61 and steers 1000 lbs and over averaged $2.92 easier than last weeks weighted average prices. Heifers from 400-500 lbs were up $16.10, 500-600 lbs up $18.16, 600-700 lbs down $6.36, 700-800 lbs up $5.15, 800-900 lbs up $10.31 and heifers 900 lbs plus averaged $2.81 above last weeks weighted average prices. All weight categories are higher than year ago prices. The Quebec electronic market this week ranged from $309.00-$310.00 cwt dressed on a picked-up basis, up $1.13 cwt from last week on average. Alberta direct trade was light on Wednesday with prices steady to $2.00 cwt lower from $290.00-$292.00 delivered on a dressed basis. Canfax noted: Competition on the cash market remains limited, there have been reports packers are once again limiting the amount of cattle they are buying from each producer. Packers are comfortably bought out in front and producers dont have a lot of bargaining power.The U.S. cash cattle trade the week ending June 30th was light in volume. Overall last week live trade in the south ranged from $137.00-$138.00, majority at $138.00 which is fully steady to the previous week. In the north live trade ranged from $147.00-$151.00 which is stronger than the week before, while dressed trade saw a full trading range from $230.00-$239.00 dressed. Overall average prices listed by the Mandatory Price Report saw live steers average $146.16 up $1.61 with heifers averaging $144.05 up $2.17. On the rail steers averaged $233.96 down $1.30 cwt with heifers averaging $234.09 down $3.08. In the U.S. this week the market has been very quiet with Monday being the Independence Day Holiday. Tuesday was untested and Wednesday also very quiet with just a few sales in Iowa late Wednesday at $148.00-$150.00 live which is steady to last week but not enough to establish a market. Trade on Thursday was moderate in volume with prices steady to stronger in the southern states. Business in Texas was mainly $137.00 live which is steady, while Kansas was steady to stronger from $137.00-$140.00. In the north live trade ranged from $147.00-$150.00 which is fully steady, while dressed deals saw a full trading range from $230.00-$238.00 which is steady to slightly easier. Today the market was quiet with just a few clean up deals in Iowa at $236.00 dressed which is stronger, but it appears the bulk of trade for the week is completed. Jamie Gamble - Beef Farmers of Ontarios market information report.