Noon Report

Friday, September 26, 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 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 290.00-321.50 309.52 330.00
Large & medium frame fed heifers 280.00-313.50 296.29 354.00
Cows 165.50-200.46 182.67 269.00
Bulls under 1600 lbs 248.83-252.83 250.83 288.00
Bulls over 1600 lbs 243.67-290.33 265.50 292.00
Veal 600 lbs and over 328.04-395.09 364.74 440.00
Replacement steers 600-699 495.51-622.40 569.71 632.50
Replacement steers 500-599 546.34-672.21 617.56 735.00
Replacement steers 400-499 650.05-786.82 722.87 835.00
Replacement heifers 600-699 474.44-552.18 522.55 570.00
Replacement heifers 500-599 533.47-613.33 567.21 675.00
Replacement heifers 400-499 598.57-701.50 652.49 720.00

View Individual Auction Market Reports

The Quebec Electronic Market

The Quebec Electronic Market

The Quebec Electronic Market reported for this week ranged from $522.00-$524.00 dressed.

Alberta Direct Trade

Alberta Direct Trade

The Alberta direct trade this week have seen light trade develop with dressed sales ranging from $520.00-525.00/cwt delivered, fully steady with the previous week. Cattle that traded were being scheduled for delivery throughout the month of November. Competition on the cash market was mixed; there have been talks of further processing reductions as packers are facing negative margins. There have also been numerous reports that packers are behind schedule picking up both fed cattle and cows. In light of historically strong prices beef demand continues to be impressive. With that said, over the past few weeks there have been some larger burger chains in Canada once again promoting and relaunching their veggie burger.

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Steers Live N/T Flat Rail 520.00-525.00
Heifers Live N/T Flat Rail 520.00-525.00

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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 at $365.00 /cwt, $3.00-$9.00/cwt lower than last week. Live sales in Nebraska were at $232.00/cwt, $4.00-$6.00/cwt lower. Sales in Texas and Kansas were at $234.00-$237.00/cwt (mostly $237.00/cwt), $3.00/cwt lower than the previous week. Northern fed prices are at the lowest point since the beginning of July. US steer carcass weights increased 1lb to average 959lbs while heifer weights increased 6lbs to average 872lbs. Both steer and heifer carcass weights are just shy of their record highs set back earlier this year. 

     
Choice and select steers and heifers (2/3 choice): live 232.00-237.00
  rail 365.00-365.00

Chicago Mercantile Exchange

The Chicago Mercantile Exchange midsession trade on Friday, Sep 26 saw:

Live Cattle futures for:

Date $/cwt US  
Oct 232.07 +0.02
Dec 234.42 +0.12
Feb 236.67 +0.62
Apr 237.35 +1.07
Jun 230.52 +1.47
Aug 226.30 +1.80

Feeder Cattle futures for:

Date $/cwt US  
Oct 356.00 +1.95
Nov 353.85 +1.62

Corn futures for:

Date $/bu US cents
Dec 4.22 -3 3/4
Mar 4.39 1/4 -3

Soybean futures for:

Date $/bu US cents
Nov 10.12 3/4 +1/2
Jan 10.32 +3/4

Soft Red Winter Wheat for:

Date $/bu US cents
Dec 5.20 1/4 -6 3/4
Mar 5.38 3/4 -6 1/4

Canadian Dollar futures for:

Date    
Dec 71.98 -0.01
Mar 72.29 +0.01

This concludes the Friday mid-day Cattle Market report.

View Individual Auction Market Reports View Northern Reports