Noon Report

Friday, Dec 20, 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 240.00-267.25 255.33 268.00
Large & medium frame fed heifers 230.00-260.00 249.32 262.00
Cows 109.08-157.55 131.86 236.00
Bulls under 1600 lbs 147.25-175.00 158.37 235.00
Bulls over 1600 lbs 131.36-194.36 167.75 230.00
Veal 600 lbs and over 258.84-329.36 295.67 348.00
Replacement steers 700-799 337.13-426.14 380.64 441.00
Replacement steers 600-699 372.64-472.62 431.62 484.50
Replacement steers 500-599 389.98-523.92 465.39 539.00
Replacement heifers 600-699 284.72-411.14 364.90 450.00
Replacement heifers 500-599 331.44-411.14 364.90 450.00
Replacement heifers 400-499 341.03-457.75 404.59 480.00

View Individual Auction Market Reports

The Quebec Electronic Market

The Quebec Electronic Market

The Quebec Electronic Market reported for this week ranged from $425.00 dressed, up $8.00/cwt from last week on average.

Alberta Direct Trade

Alberta Direct Trade

The Alberta direct trade so far this week have seen light trade develop with dressed sales ranging from $418.00-420.00/cwt delivered, $2.00 to $3.00/cwt higher than the previous week. Most of the cattle that traded this week would be picked up in a couple weeks. There have been a few reports packers are trying to pull January contract cattle forward. US packer interest was supportive and light volumes of Western Canadian fed cattle traded South, sales to the US were at a premium over local deals. On a dressed basis Eastern Canadian fed prices are at a $10.00/cwt premium over the Alberta market.

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Steers Live N/T Flat Rail 418.00-420.00
Heifers Live N/T Flat Rail 418.00-420.00

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U.S. Trade (U.S. funds)

U.S. cash cattle trade

The U.S. cash cattle trade saw light trade reported in Iowa and Nebraska yesterday with dressed sales ranging from $302.00-305.00/cwt, steady with the previous week. Live sales in the Northern feeding states were reported at $195.00/cwt, full steady. While live sales in the Southern feeding states were reported at $191.00/cwt, steady with last week. More trades are expected as the day progresses. USDA is scheduled to release its December 1st cattle on feed report this afternoon. Pre-report estimates are indicating November placements to be down 4% compared to last year while fed cattle marketings are projected to be 2% lower. December 1st cattle on feed inventories are projected to be just over 12 million head, steady with a year ago. 

     
Choice and select steers and heifers (2/3 choice): live 191.00-195.00
  rail 302.00-305.00

Chicago Mercantile Exchange

The Chicago Mercantile Exchange midsession trade on Friday, Dec 20  saw:

Live Cattle futures for:

Date $/cwt US  
Dec 191.70 +1.35
Feb 188.22 +1.67
Apr 189.95 +1.35
Jun 184.87 +1.27
Aug 183.17 +1.15
Oct 185.07 +1.05

Feeder Cattle futures for:

Date $/cwt US  
Jan 255.70 +1.22
Mar 256.10 +1.52

Corn futures for:

Date $/bu US cents
Mar 4.45 +4 1/4 
May 4.51 +4 3/4

Soybean futures for:

Date $/bu US cents
Jan 9.74 +11
Mar 9.77 1/2 +11

Soft Red Winter Wheat for:

Date $/bu US cents
Mar 5.32 1/4 -3/4
May 5.42 1/2 -1

Canadian Dollar futures for:

Date    
Mar 69.81 +0.07
Jun 70.05 +0.08

This concludes the Friday mid-day Cattle Market report.

View Individual Auction Market Reports View Northern Reports