Ontario Fed Cattle Sales, Prices DownJune 13, 2016 6:03am
Beef Farmers of Ontario reports lighter receipts of fed cattle, cull cows and replacements at provincial auction markets last week.
The average fed steer price was down almost 2 dollars and fed heifers down 4.75 from the week before.
Those prices were about 40 dollars below prices from a year ago.
The Ontario railgrade market was over 3 dollars higher on the week and over 71 dollars lower than a year ago.
The average Ontario cull cow price last week was up almost three dollars from the week before, over 29 dollars lower than a year ago.
And BFO reports active trading of stocker and feeder cattle on a good demand with prices generally steady to last week.
Weekly Cattle Comments – As Supplied by Beef Farmers of Ontario
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Comments for the week ending June 9, 2016
Receipts this week are lighter due to technical difficulties at one auction market resulting in the inability to retrieve the fed cattle price report for that sale. 421 fed steers and heifers sold through Ontario auction markets this week, down 289 from last week and 273 less than this time last year. Fed steers sold from $134.91-$166.47 averaging $155.44 down $1.98 from last week, and $40.17 cwt below prices last year at this time. Fed heifers ranged from $143.69-$162.88 averaging $154.37 down $4.75 from last week and $39.46 below year ago prices. This week saw larger volumes of second cut cattle as the ranges are lower on the bottom end, however top quality cattle were strong, selling up to $180.50 for steers and $173.00 for heifers. Auction market reports started out as $1.00-$2.00 higher, to stronger on good demand. As the week progressed trade was reported to be about steady on the better quality lots with all other selling slightly easier, and ended the week steady.
The Ontario railgrade market started out this reporting period steady to the previous week with steers trading from $263.00-$265.00 dressed. By Monday prices came in from $268.00-$270.00 dressed and by Wednesday they were at $265.00-$271.00. Heifers followed the same pricing trend starting out steady at $262.00-$263.00 dressed, to $267.00-$269.00 on Monday and ended the week from $264.00-$270.00. This week’s average prices are $3.25 higher for steers and $3.50 stronger on the heifers than last week, and $71.25 below last year at this time.
The Canadian Boxed Beef Report by Kevin Greer reports: “Distributors are going hand to mouth as usual although some are working overtime to scrape together middles. The big retailers are also looking for middles. Features in June are likely to be good for beef but so far there has been little or no add-on business. Post July 1 the grinds will take over again. The discounters of Food Basics and No Frills in Ontario were very aggressive this week with beef features.”
2,171 cull cows sold through auction markets this week down 61 from last week and 15 less than last year at this time. Cull cows sold from $77.95-$107.79 averaging $92.23 up $2.99 from last week and $29.24 below year ago prices. Auction markets reported a good demand with active trading and prices steady to stronger, up $2.00-$5.00 on both the good beef and dairy types.
Lighter volumes of stocker and feeder cattle are seasonally coming to market with just 3,940 head sold through auction markets this week, down 1,194 from last week and 427 more than this time last year. Auction markets reported active trading on a good demand with prices generally steady to last week with one report of grass types up $8.00-$10.00 and heavier cattle up $3.00-$5.00 at mid-week. Actual average prices for this week saw steers 400-500 lbs averaging $9.24 lower than last week, steers 500-600 lbs down $12.90, 600-700 lbs down $3.44, 700-800 lbs down $14.42, 800-900 lbs down $3.50, 900-1000 lbs up $1.22, with steers 1000 lbs plus up $2.98 from last week on average. Heifers 300-400 lbs were down $22.88, 400-500 lbs up $8.04, 500-600 lbs down $8.61, 600-700 lbs down $4.12, 700-800 lbs down $3.29, 800-900 lbs down $6.36 and heifers 900 lbs and over were down $8.77 from last week on average.
The Quebec Electronic Market this week was reported from $264.75-$267.50 on a dressed basis, up $1.39 from last week on average.
Alberta direct trade was light this week with lower prices. Canfax reported live steers at $157.50 down $3.33 from last week on average. On the rail sales for steers ranged from $259.00-$263.50 dressed, averaging $7.53 below last week’s weighted average prices. No heifer sales were reported. Canfax noted: “Some producers were looking to price cattle for July delivery however bids were lower compared to quick delivery cattle.”
The U.S. cash cattle trade for the week ending June 2nd, saw a stronger market late Friday afternoon. The USDA Mandatory price report lists live sales from $124.00-$132.50 with steers averaging $129.29 up $4.30 from the previous week, while heifers averaged $129.07 up $4.14. On the rail steers and heifers sold from $197.00-$207.00 dressed, with steers averaging $205.66 up $7.38 from the previous week, with heifers averaging $205.55 dressed, up $6.29. This week a very light test in the north was reported on Tuesday afternoon from $203.00-$206.00 dressed, which is steady to slightly lower than last week while bids in the south were at $125.00 live. Thursday bids were at $124.00-$125.00 live with no selling interest, while a light test in Nebraska ranged from $200.00-$207.00 dressed. Today, at noon, business is developing in the north from $207.00-$208.00 dressed, up $1.00-$2.00 from last week. Bids in the south are at $128.00 live which is about steady to last week. Active trade should develop at any time, and at this point it appears the market will be steady to stronger.
Jamie Gamble, Market Information Coordinator, Beef Farmers of Ontario.