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Friday, may 3, 2024
Prices are reported on a "per one hundred pound" basis, unless otherwise stated.
Ontario Live Cattle Trade
Updated daily as the information is submitted, completed by 12:00 noon.
Ontario Auction Sales Weighted Average Prices
Ontario auction sales on Thursday saw weighted average prices for:
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| Livestock | Range | Avg | Top Price |
|---|---|---|---|
| Large & medium frame fed steers | 234.00-248.00 | 243.27 | 257.00 |
| Large & medium frame fed heifers | 230.00-242.50 | 237.38 | 247.00 |
| Cows | 119.49-155.09 | 137.68 | 214.00 |
| Bulls over 1600 lbs | 186.15-205.85 | 196.54 | 215.00 |
| Veal 600 lbs and over | 181.68-223.27 | 208.26 | 261.00 |
| Replacement steers 700-799 | 295.84-379.88 | 341.48 | 389.00 |
| Replacement steers 600-699 | 337.63-418.70 | 377.04 | 434.00 |
| Replacement steers 500-599 | 344.44-423.26 | 393.08 | 445.00 |
| Replacement heifers 700-799 | 297.29-346.81 | 326.26 | 357.00 |
| Replacement heifers 600-699 | 321.29-365.26 | 352.62 | 371.00 |
| Replacement heifers 500-599 | 292.06-395.84 | 347.52 | 420.00 |
The Quebec Electronic Market
The Quebec Electronic Market
The Quebec Electronic Market reported for this week sold at $405.25 dressed, up $0.40 cwt from last week on average.
Alberta Direct Trade
Alberta Direct Trade
The Alberta direct trade for this week, reported by Canfax: "sales so far this week have seen light trade develop with dressed sales ranging from 430.00-432.00 delivered, fully steady with the previous week. Most of the cattle that traded would be picked up in 1-2 weeks. Alberta fed cash to futures basis did strengthen, basis levels are the strongest they have been this year. Fed cattle prices continue to trade at record high levels, as a result some producers did sell more cattle than they initially planned on this week. With more fed calves entering the slaughter mix look for carcass weights to drop dramatically."
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| Steers | Live | N/T | Flat Rail | N/T |
| Heifers | Live | N/T | Flat Rail | N/T |
U.S. Trade (U.S. funds)
U.S. cash cattle trade
The U.S. cash cattle trade was light again in the north on Thursday with trade reported from $186.00-$187.00 live and $295.00-$296.00 cwt dressed, up $1.00-$2.00 from the previous weeks sales. Bids in the south of $182.00 did not get any cattle bought. Asking prices in the south are firm at $185.00-$186.00 cwt live and $297.00 dressed. Packer interest in the south should improve today but at this time bids are resurfacing at $182.00 live and sellers are not interested. Packers are likely going to have to up their bids if they want to purchase any cattle this week.
| Choice and select steers and heifers (2/3 choice): | live | 186.00-187.00 |
| rail | 295.00-296.00 |
Chicago Mercantile Exchange
The Chicago Mercantile Exchange midsession trade on Friday, May 3rd saw:
Live Cattle futures for:
| Date | $/cwt US | |
|---|---|---|
| Jun | 177.12 | +0.32 |
| Aug | 174.75 | +0.80 |
| Oct | 178.40 | +1.02 |
| Dec | 182.77 | +0.80 |
| Feb | 186.37 | +0.72 |
| Apr | 188.52 | +0.50 |
Feeder Cattle futures for:
| Date | $/cwt US | |
|---|---|---|
| May | 243.50 | -0.10 |
| Aug | 254.87 | -0.35 |
Corn futures for:
| Date | $/bu US | cents |
|---|---|---|
| May | 4.52 1/4 | + 1/4 |
| Jul | 4.62 1/2 | +2 3/4 |
Soybean futures for:
| Date | $/bu US | cents |
|---|---|---|
| May | 11.97 1/2 | +7 1/2 |
| Jul | 12.06 1/2 | +7 1/2 |
Soft Red Winter Wheat for:
| Date | $/bu US | cents |
|---|---|---|
| May | 5.86 1/2 | +0 |
| Jul | 6.29 1/4 | +25 |
Canadian Dollar futures for:
| Date | ||
|---|---|---|
| Jun | 73.12 | -0.08 |
| Sep | 73.25 | -0.08 |
This concludes the Friday mid-day Cattle Market report.
View Individual Auction Market Reports View Northern Reports