BFO: Mixed Railgrade Cattle Prices Last Week

Some softening of the cattle market in Ontario last week.

Beef Farmers of Ontario reports fed steer and Ontario railgrade prices were down, fed heifers were up from the previous week.

The steers were down 3 dollars and 22 cents, railgrade cattle down a dollar while heifers were up 6 dollars and 74 cents.

Fed steer prices were still 32.55 higher than last year at this time – heifers 34.78 stronger and railgrade cattle prices 58.75 stronger than a year ago.

BFO says there were just under 45 hundred replacement cattle sold through auction markets last week.

That’s down almost 13 hundred from the previous week and over 15 hundred fewer than last year at this time.

Provincial auction markets reported choice cattle bringing premium prices while others ran steady to 1 to 2 dollars lower.

        

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 16, 2014
Volumes this week are lighter due to the Good Friday Holiday which resulted in one less marketing day.

There were 269 fed steers and heifers sold through auction markets this week down 319 head from last week and 167 less than last year at this time. Fed steers ranged from $142.94-$153.11 averaging $148.37 down $3.22 from last week and $32.55 stronger than last year at this time. Heifers sold from $129.61-$157.03 averaging $146.31 up $6.74 from last week and $34.78 stronger than year ago prices. Auction markets reported strong active trading with prices holding steady.

Ontario railgrade prices the previous Friday dropped $1.00 off the top end of the range with steers at $254.00-$256.00 dressed and heifers at $253.00-$255.00, and held at these prices the entire reporting period. This week’s average prices are $1.00 lower than last week and $58.75 stronger than last year at this time.

There were 1,534 cull cows on offer at auction markets this week down 822 head from last week and 945 less than last year at this time. Cull cows traded from $72.98-$106.45 averaging $90.76 up $0.08 from last week and $26.05 stronger than year ago prices. Auction markets reported a strong demand with prices generally steady to strong with top quality cows trading at higher prices.
There were 4,492 replacement cattle sold through auction markets this week down 1,287 head from last week and 1,504 less than last year at this time. Auction markets reported a good demand with choice cattle bringing premium prices and all others steady to $1.00-$2.00 lower. Actual average prices this week for steers 400-500 lbs were up $5.40, 500-600 lbs up $0.08, 600-700 lbs up $4.54, 700-800 lbs down $4.67, 800-900 lbs up $3.46 and steers over 900 lbs averaged $2.57 lower than last week’s average prices. Heifers 300-400 lbs were off by $3.37 on average, 400-500 lbs were down $0.60, 500-600 lbs up $6.15, 600-700 lbs up $2.37, 700-800 lbs down $0.86 and heifers over 800 lbs averaged $2.29 lower than last week’s average prices.

The Quebec Electronic Market for this week was not posted at time of reporting.

Alberta direct trade on Wednesday was light with prices fully steady to last week as Canfax reports that heifers sold at $147.50. Business is expected to continue today.

The U.S. cash cattle trade the previous week did not develop until late Friday afternoon and was reported as light to moderate in volume. The USDA Mandatory Report shows the market prices were basically steady. Live cattle traded from $147.00-$151.50 with steers averaging $149.16 down from $149.71 the previous week with heifers averaging $149.66 down from $149.79. On the rail prices ranged from $234.50-$240.00 dressed with steers averaging $239.71 down from $240.09 and heifers at $239.02 down from $239.55 the previous week. At time of reporting Thursday noon, light trade is developing in the south at prices $1.00 lower at $146.00 live. Bids in the north are sitting at $236.00-$240.00 dressed with most at the lower end of the range. Active trade should surface soon if business is to be completed before Good Friday.

Jamie Gamble, Market Information Coordinator, Beef Farmers of Ontario