Noon Report

Thursday, Apr 17, 2025

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 Livestock Exchange

Today at Ontario Livestock Exchange (OLEX), there are 120 fed cattle, 400 cows, and  400 stockers on offer.

Fed cows are selling at barely steady prices with good cows from $162.00-$195.00 top $230.00/cwt.

Ontario Auction Sales Weighted Average Prices

Ontario auction sales on Wednesday saw weighted average prices for:

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Livestock Range Avg Top Price
Large & medium frame fed steers 235.40-286.20 272.18 290.00
Large & medium frame fed heifers 227.79-283.43 257.72 300.00
Cows 145.29-213.55 170.99 239.99
Bulls under 1600 lbs 199.00-217.00 209.00 217.00
Bulls over 1600 lbs 201.20-237.60 221.74 266.00
Veal 600 lbs and over 240.93-359.38 280.53 400.00
Veal under 125 lbs 1010.00-1910.00 1279.70 2000.00
Replacement steers 1000+ 362.00-391.00 378.22 391.00
Replacement steers 900-999 380.00-401.00 388.53 401.00
Replacement heifers 900+ 345.00-392.50 356.31 392.50
Replacement heifers 800-899 373.21-406.79 396.17 412.50

View Individual Auction Market Reports

Alberta Direct Trade

Alberta Direct Trade

The Alberta direct trade on Wednesday saw light trade develop with dressed sales at $475.00/cwt delivered, fully steady with the previous week. Cattle that traded were being scheduled anywhere from immediate to early May delivery. US packer interest was relatively quiet this week. Even though western Canadian packers have scaled back hours fed cattle numbers have not backed up. One could argue the feedlot industry has actually gained currentness. This has been large in part due to historically large fed cattle shipments to the US. Seasonally cow processing volumes are declining, and packers usually start allocating more hours to the A grade processing.

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Steers Live N/T Flat Rail 475.00
Heifers Live N/T Flat Rail 475.00

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

U.S. cash cattle trade

The U.S. cash cattle trade saw no new trade to report. Yesterday’s market tone was steady to higher, with dressed bids in Nebraska noted at $328.00/cwt, fully steady with the previous week, while live bids in Nebraska were reported at $212.00/cwt, $4.00/cwt higher. USDA is scheduled to release its April 1st cattle on feed report this afternoon. Pre-report estimates are indicating March placements to be 4% larger than last year while fed cattle shipments are projected to be up 1%. April 1st cattle on feed inventories are expected to be 2% below last year. 

 

     
Choice and select steers and heifers (2/3 choice): live N/T
  rail N/T

Chicago Mercantile Exchange

The Chicago Mercantile Exchange midsession trade on Thursday, Apr 17 saw:

Live Cattle futures for:

Date $/cwt US  
Apr 208.72 +1.65
Jun 203.30 +1.22
Aug 199.65 +0.70
Oct 197.95 +0.37
Dec 198.50 +0.15
Feb 199.25 -0.15

Feeder Cattle futures for:

Date $/cwt US  
Apr 293.35 +3.40
May 285.95 +1.55

Corn futures for:

Date $/bu US cents
May 4.85 1/2 +1 1/4
Jul 4.93 +1 1/4

Soybean futures for:

Date $/bu US cents
May 10.35 1/2 -3 1/4
Jul 10.46 1/2 -3 3/4

Soft Red Winter Wheat for:

Date $/bu US cents
May 5.52 1/2 +4 3/4
Jul 5.65 3/4 +4 3/4

Canadian Dollar futures for:

Date    
Jun 72.34 +0.05
Sep 72.69 +0.09

This concludes the Thursday mid-day Cattle Market report.

View Individual Auction Market Reports View Northern Reports