ONT Farm Market News PM Livestock Summary for September 2 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 sold actively at fully steady prices. Large & Medium Steers over 900 lbs:$193.34 - $224.45 Large & Medium Steers 700-800 lbs:$177.00 - $269.00 Large & Medium Steers 500-600 lbs:$191.00 - $257.50 Large & Medium Heifers over 800 lbs:$176.57 - $189.95 Large & Medium Heifers 600-700 lbs:$169.00 - $212.50 Large & Medium Heifers 500-600 lbs:$197.00 - $235.00 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 - $306.00 *From Ontario Pork: *Quebec's average price on Thursday was $212.02 per ckg D.W. 100 index. *The previous markets day's CME Constructed (201) price was $105.54 U.S. per cwt. D.W. *Compared to the previous day this was down $1.47 *Average weekly price /ckg DW total value $294.04 *Total volume of Ont. hogs sold was 100393 * From the Beef Farmers of Ontario, the weekly beef commentary: Comments for the week ending September 1, 2022 313 fed steers and heifers sold through auction markets this week which is fully steady to last week and 85 more than the same time last year. Fed steers ranged from $171.69-$187.95 averaging $180.64 up $0.73 from last week and $20.17 above year ago prices. Heifers sold from $162.38-$185.43 averaging $176.66 up $2.23 from last week and $24.75 stronger than last year at this time. Auction markets reported trade as active at steady to fully steady prices. The Ontario railgrade market held fully steady to the previous week with steers reported at $306.00 dressed and heifers from $305.00-$306.00 with delivery mainly the week of September 19th with just a few the week of September 12th. Railgrade prices have held steady since the week ending July 28, 2022 and this weeks average price is $40.00 cwt stronger than last year at this time. Last year during the first week of September, the railgrade price increased to $270.00 dressed for steers and held fully steady at this price until the week ending November 26, 2021, when prices started to increase. 1,666 fed/cull cows sold through auction markets this week down 353 head from last week and 154 fewer than last year at this time. Cows ranged from $80.17-$122.27 averaging $99.67 cwt, up $1.32 from the previous week and $19.62 stronger than year ago prices. Auction markets reported trade as active on strong demand with prices steady to higher early week with one market noting prices slightly lower according to quality. The market ended the week steady to early week increases and up to $3.00 cwt higher. 426 beef cows sold this week, down 10 from last week, averaging $110.91 which is fully steady to last weeks weighted average beef cow price. The Federally Inspected processing volume in Ontario as of August 27, 2022 is sitting at 398,266 head which is fully steady to the same time last year, but up 3.7% from the same time in 2020. Of that volume, steers total 256,101 head processed up 1% from August 27, 2021 and 1% higher than in 2020. Heifer volumes are down 13.5% from August 27, 2021 at 76,109 head and 4% fewer than 2020. Cow processing numbers are up 11.8% from August 27, 2021 at 63,420 head year-to-date, and also up 23.7% from August 27, 2020. Stocker and feeder cattle volumes are starting to seasonally increase with 3,626 head sold this week up 1,033 from the previous week and 857 more than the same week last year. Auction markets reported calves as steady to start but by mid-week spring born calves were noted as stronger with keen buyer interest. By weeks end calves were steady on a medium quality offering. Grass cattle were steady to strong, up $2.00-$3.00 cwt this week. Yearlings were noted as selling on a good strong note with yearlings steers steady to stronger and yearling heifers, stronger to $3.00-$5.00 cwt higher. Actual average prices saw steers 400-500 lbs down $5.06 from the previous week on average, 500-600 lbs down $10.15, 600-700 lbs up $11.23, 700- 800 lbs down $12.49, 800-900 lbs up $2.72, 900-1000 lbs up $10.63 and steers 1000 lbs and over averaged $5.12 higher than last week. Heifers from 300-400 lbs were down $6.11 cwt on light receipts, 400-500 lbs down $6.11, 500-600 lbs up $2.92, 600-700 lbs down $8.07, 700-800 lbs up $2.55, 800- 900 lbs up $5.25 and heifers 900 lbs and over averaged $15.72 higher than last weeks weighted average prices. Alberta direct trade was active with sales reported by Canfax from $302.00- $304.00 delivered on a dressed basis, up $2.00-$4.00 from last weeks trade. Canfax reports: Competition on the cash market remains decent with both major packers buying cattle. Packers are getting fewer grid cattle turned into them, as a result this has improved buying interest on the cash market. Cattle that traded were being scheduled for late September/early October delivery. In some instances, cattle were being bought flat with no heavy weight carcass discounts. The U.S. cash cattle trade the week ending August 26th was light to moderate with business in the south from $138.00-$143.00, majority at $142.00 live which is fully steady to the previous week. In the north some live deals were reported from $144.00-$149.00, mainly $146.00, while dressed deals ranged from $230.00-$236.00, mostly $232.00-$233.00, down $1.00- $2.00 cwt on average. Overall prices for the week reported by the USDA Mandatory Price Report saw live steers weekly weighted average price at $144.79 down $2.09 from the previous week while heifers averaged $143.92 live down $0.61. On the rail steers averaged $232.88 dressed down $1.35 with heifers averaging $232.52 down $1.40 from the previous weeks trade. This week the U.S. cash cattle trade was light as sellers resisted the lower bids. Prices in the south ranged from $136.00-$142.00 live, majority at $141.00 which is $1.00 cwt easier than last week. In the north some trade was reported on a live basis from $143.00-$147.00, mainly $143.00-$145.00 down $1.00-$3.00 on average. Dressed trade in the north ranged from $225.00-$230.00, with majority from $228.00-$230.00 which is down $3.00- $5.00 cwt. Today the market is quiet and it appears the bulk of business is completed. Asking prices on the remaining cattle are sitting at $142.00 live in the south and $232.00 dressed in the north. Jamie Gamble - Beef Farmers of Ontarios market information report.