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Friday, Feb 21, 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 | 265.00-286.50 | 275.98 | 286.50 |
| Large & medium frame fed heifers | 259.22-274.48 | 268.95 | 282.00 |
| Cows | 144.77-180.58 | 160.03 | 265.00 |
| Bulls under 1600 lbs | 187.50-214.50 | 201.50 | 226.00 |
| Bulls over 1600 lbs | 200.50-238.57 | 224.27 | 250.00 |
| Veal 600 lbs and over | 238.87-306.68 | 278.75 | 329.00 |
| Replacement steers 700-799 | 355.00-423.00 | 389.72 | 423.00 |
| Replacement steers 600-699 | 385.00-451.00 | 426.22 | 451.00 |
| Replacement steers 500-599 | 340.00-465.00 | 412.78 | 505.00 |
| Replacement heifers 800-899 | 331.88-355.83 | 343.45 | 370.00 |
| Replacement heifers 700-799 | 350.00-380.00 | 366.67 | 380.00 |
| Replacement heifers 600-699 | 303.92-402.38 | 364.84 | 425.00 |
The Quebec Electronic Market
The Quebec Electronic Market
The Quebec Electronic Market reported for this week ranged from $461.00/cwt dressed, down $14.00/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 reported from $460.00-462.00/cwt delivered, steady to $2.00/cwt higher than last week. Buying interest was noted from all three Western Canadian packers. Cattle that traded were being scheduled for delivery through out the month of March. There has been a rather large basis shift over the past few weeks. Alberta fed prices have went from a $30.00/cwt discount against the Nebraska market to roughly a $8.00/cwt discount this week.
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| Steers | Live | N/T | Flat Rail | 460.00-462.00 |
| Heifers | Live | N/T | Flat Rail | 460.00-462.00 |
U.S. Trade (U.S. funds)
U.S. cash cattle trade
The U.S. cash cattle trade saw light trade reported in Northern feeding states yesterday with dressed sales reported at $315.00/cwt, $5.00-$7.00/cwt lower than the previous week. Live sales in the North were reported at $200.00/cwt. While sales in Texas and Kansas were reported at $199.00/cwt live, $3.00/cwt lower. Sales volumes are still rather light, more trade is expected today. USDA is scheduled to release its February 1st cattle on feed report this afternoon. Pre-report estimates are indicating January placements to be 3% larger than last year while fed cattle marketing are projected to be up 2%. February 1st cattle on feed inventories are expected to be 1% below last year.
| Choice and select steers and heifers (2/3 choice): | live | 199.00-200.00 |
| rail | 315.00-315.00 |
Chicago Mercantile Exchange
The Chicago Mercantile Exchange midsession trade on Friday, Feb 21 saw:
Live Cattle futures for:
| Date | $/cwt US | |
|---|---|---|
| Feb | 198.10 | +0.47 |
| Apr | 194.17 | +0.37 |
| Jun | 190.42 | +0.45 |
| Aug | 189.05 | +0.65 |
| Oct | 190.87 | +0.65 |
| Dec | 192.47 | +0.52 |
Feeder Cattle futures for:
| Date | $/cwt US | |
|---|---|---|
| Mar | 268.52 | +1.70 |
| Apr | 268.20 | +1.82 |
Corn futures for:
| Date | $/bu US | cents |
|---|---|---|
| Mar | 4.93 1/4 | -4 3/4 |
| May | 5.07 | -5 3/4 |
Soybean futures for:
| Date | $/bu US | cents |
|---|---|---|
| Mar | 10.39 1/2 | -6 |
| May | 10.56 3/4 | -6 1/4 |
Soft Red Winter Wheat for:
| Date | $/bu US | cents |
|---|---|---|
| Mar | 5.88 3/4 | +3 1/4 |
| May | 6.03 3/4 | +3 1/2 |
Canadian Dollar futures for:
| Date | ||
|---|---|---|
| Mar | 70.46 | -0.16 |
| Jun | 70.76 | -0.14 |
This concludes the Friday mid-day Cattle Market report.
View Individual Auction Market Reports View Northern Reports