Ont Farm Market News Pm Livestock Summary For September 9
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ONT Farm Market News PM Livestock Summary for September 9
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 very strong, active trade at higher prices, with
grass-cattle bringing further premiums.
Large & Medium Steers over 900 lbs:$208.91 - $235.83
Large & Medium Steers 700-800 lbs:$212.00 - $272.00
Large & Medium Steers 500-600 lbs:$231.00 - $300.00
Large & Medium Heifers over 800 lbs:$175.09 - $204.73
Large & Medium Heifers 600-700 lbs:$211.00 - $226.00
Large & Medium Heifers 500-600 lbs:$175.00 - $248.00
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 $214.08 per ckg D.W. 100 index.
*The previous markets day's CME Constructed (201) price was $100.15 U.S.
per cwt. D.W.
*Compared to the previous day this was down $0.21
*Average weekly price /ckg DW total value $272.56
*Total volume of Ont. hogs sold was 99924
* From the Beef Farmers of Ontario, the weekly beef commentary:
Comments for the week ending September 8, 2022 :
Lighter receipts of fed steers and heifers sold through auction markets this
week at 190 head, down 123 from last week and 84 fewer than last year at
this time. Fed steers sold from $174.15-$186.48 averaging $151.05 up $0.41
from last week and $17.43 stronger than year ago prices. Fed heifers sold
from $170.60-$183.38 averaging $178.21 up $1.55 from the previous week
and $21.94 higher than this time last year. Auction markets reported trade as
steady across the board, but ended the week as active at firm prices.
The Ontario railgrade market was light this week with a few deals the
previous Friday at steady prices of $306.00 dressed for steers and $305.00-
$306.00 for heifers. The market was quiet the holiday Monday and on
Tuesday with one federal packer with no bid. On Wednesday and Thursday
trade was reported at steady prices with delivery the week of September
26th.
The Boxed Beef Report by Kevin Grier notes: Cargill in Guelph looks to be
getting back into some numbers as its daily kills are 1,900 with regular
overtime. Cargill, High River did its usual 4,700. There is no Saturday on the
long weekend, but they will make up for Monday with a harvest this coming
Saturday. JBS was running 4,300-4,400 with no Saturday for the long
weekend. Canadian Buyer Activity - Canadian spot market activity was
generally good from both retailers and distributors. Buyers were hedging to
ensure coverage for features and to fill in for better-than expected
movement. Big retail buyers are planning more abundant features compared
to last year. Items to be featured in October are the traditional fall items.
Foodservice buyers were hand to mouth on fresh business but were active to
support good movement. They have begun to fish for their longer-term
needs.
Lighter receipts of fed/cull cows were also recorded this week at Ontario
auction markets at 1,609 head, down 57 from last week and 303 fewer than
the same week last year. Cows ranged from $81.93-$123.52 averaging
$101.59 up $1.92 from the previous week and $23.62 above this time last
year. Auction markets reported trade as steady to higher to start, on a strong
demand. As the week progressed trade was anywhere from steady to $3.00-
$5.00 cwt easier, to steady to $5.00-$8.00 cwt higher. The market ended the
week continuing at strong prices. Beef cow volumes were down 104 head
from the week before at 322 head, averaging $110.11 down $0.80 on
average from last weeks weighted beef cow price.
3,977 stocker and feeder cattle sold through auction markets this week up
351 head from last week and 952 more than this time last year. Auction
markets reported trade as steady to stronger with quality considered and
ended the week at higher prices. Keen buyer interest was reported on the
light calves and top-quality grass cattle were reported as trading at higher
prices. Actual average prices this week saw steers from 400-500 lbs up
$29.88 from last week, 500-600 lbs up $17.53, 600-700 lbs up $4.53, 700-
800 lbs up $34.13, 800-900 lbs up $9.98, 900-1000 lbs up $6.86 and steers
1000 lbs and over averaged $2.61 above last weeks weighted average
prices. Heifers from 300-400 lbs were up $34.70 on light receipts, 400-500
lbs up $2.07, 500-600 lbs up $15.12, 600-700 lbs up $22.85, 700-800 lbs up
$5.69, 800-900 lbs up $0.83 and heifers 900 lbs plus averaged $5.84 easier
than last week.
Alberta direct trade was light this week with Canfax reporting prices from
$300.00-$303.00 delivered on a dressed basis which is steady to $1.00 cwt
easier than the previous week. Canfax notes: Depending on which packer
bought the cattle, cattle were being scheduled for anywhere from late
September to mid-October delivery.
The U.S. cash cattle trade the week ending September 2nd saw live trade in
the south from $136.00-$142.00, majority at $141.00 cwt down $1.00. In the
north dressed deals ranged from $225.00-$234.00 with some live trade from
$143.00-$147.00, mainly $144.00 down $1.00-$3.00. Overall average prices
reported by the USDA Mandatory Price report saw live steers average
$142.88 down $1.91 while heifers averaged $142.47 down $1.45 cwt. On the
rail steers averaged $228.78 down $4.10 while heifers averaged $229.18
down $3.34.
This week the U.S. cash cattle trade was basically at a standstill until
Thursday morning. A couple of scattered deals in the north were noted
Tuesday and Wednesday at $228.00 dressed with a few in the south at
$141.00 live but not nearly enough sold to establish a market. Sellers were
digging in this week and holding out for higher prices, but were unsuccessful.
Light to moderate trade in the south developed Thursday at fully steady
prices of $141.00 live. In the north live trade was also steady to a touch
easier from $142.00-$148.00, mainly $143.00, but dressed trade was around
$2.50 cwt easier from $225.00-$230.00 dressed, majority from $226.00-
$227.00. Today the market is quiet and it appears the bulk of trade for the
week is completed.
Jamie Gamble - Beef Farmers of Ontarios market information report.