Ontario Railgrade Cattle Prices Still Climbing

Fed steer prices were up and heifer prices down in Ontario last week from the previous week.

Beef Farmers of Ontario reports the average price for fed steers last week was $151.59.

For heifers it was $139.57.

The average steer price was up almost 8 dollars from the previous week and $41.38 higher than a year ago.

While the heifer price was down $4.72 from the previous week it was still $26.59 higher than a year ago.

BFO says Ontario railgrade prices averaged a dollar and a quarter higher than the previous week, $52.25 higher than a year ago.

         

Weekly Cattle Comments

As Supplied by Beef Farmers of Ontario
Ph: Toll free: 1-866-370-2333 or (519) 824-0334
Fax: (519) 824-9161 Email: markets@ontariobeef.com
Comments for the week ending April 10, 2014
There were 588 fed steers and heifers trading through auction markets this week up 182 head from last week and 107 more than last year at this time. Fed steers traded from $140.71-$161.56 averaging $151.59 up $7.96 from last week and $41.38 stronger than last year at this time. Heifers sold from $118.19-$151.20 averaging $139.57 down $4.72 from last week and $26.59 higher than year ago prices. Auction markets reported the market steady with quality considered. Live fed cattle exports through Ontario ports to the U.S. as of March 22, 2014 totalled 8,925 up 1,474 from March 22, 2013 but 324 less than March 22, 2012.

Ontario railgrade prices saw a $1.00 increase on the top end of the range the previous Friday and have held steady throughout the remainder of this week. Steers traded from $254.00-$257.00 dressed with heifers from $253.00-$256.00, averaging $1.25 stronger than last week’s average prices and $62.25 higher than last year at this time.

A lighter offering of cull cows came to market this week with 2,356 head sold through auction markets down 169 head from last week and 301 less than last year at this time. Cull cows ranged from $73.73-$105.32 averaging $90.68 down $1.41 from last week and $26.07 higher than last year at this time. Auction markets reported a strong demand with active trading and prices from steady to under pressure, up to $2.00 lower by the end of the week. Good quality cows were seeing premium prices. Live cull cow exports through Ontario ports to the U.S. as of March 22, 2014 totalled 31,770 down 3,912 from March 22, 2013 but 19,144 more than March 22, 2012.

There were 5,779 replacement cattle sold through auction markets this week up 916 head from last week and 771 more than last year at this time. Auction markets reported a strong active trade with prices generally steady, although vaccinated grass weights were reported as up $2.00-$5.00. Later in the week heavier cattle were reported as under pressure. This week steers 400-500 lbs, 600-800 lbs and 900-1000 lbs set a new record weekly average price along with heifers 400-500 lbs and all over 600 lbs. Actual average prices this week for steers 400-500 lbs were up $9.77, 500-600 lbs down $0.69, 600-700 lbs up $7.27, 700-800 lbs up $1.83, 800-900 lbs down $5.02, 900-1000 lbs up $1.89 and steers over 1000 lbs averaged $1.26 lower than last week’s average prices. Heifers 300-400 lbs were down $9.24 on average, 400-500 lbs up $3.97, 500-600 lbs down $1.57, 600-700 lbs up $7.47, 700-800 lbs up $2.94, 800-900 lbs up $4.28 and heifers over 900 lbs averaged $3.35 higher than last week.

The Quebec Electronic Market reported for this week was from $251.50-$252.00 dressed (FOB the feedlot) which is down $1.80 from last week’s average price.

Alberta direct trade was light to moderate this week with live steers averaging $1.23 higher while live heifers were down $0.21. On the rail steers averaged $2.50 lower with heifers off by $4.66 on average. Canfax reported steers from $146.00-$148.00 live and $242.50 flat rail. Heifers sold at $147.25 live and $236.75-$243.00 flat rail.

The U.S. cash cattle trade the week ending April 3rd was generally $3.00 lower. Live sales ranged from $146.00-$154.00 for steers averaging $149.71 down from $152.25 the previous week. Live heifers sold from $146.00-$152.00 averaging $149.79 down from $152.09 the previous week. On the rail steers were reported from $238.00-$242.00 averaging $240.09 down from $243.48 the previous week with heifers selling from $236.50-$242.00 averaging $239.55 down from $242.22. At time of reporting Friday a.m. the market is at a standstill. Just a few bids are reported in the south at $146.00 live while asking prices are holding at $150.00 live and $243.00 plus dressed. Light to moderate business should surface this afternoon.

Jamie Gamble, Market Information Coordinator, Beef Farmers of Ontario