There were more fed cattle, cull cows and replacements sold in Ontario last week than the week before.
Fed cattle marketings were up 124 head, cull cows by 242 head and replacement cattle sales were up by 313 head.
However, Beef Farmers of Ontario reports the fed cattle and cull cow numbers were lower than a year ago while replacements were higher.
The average Ontario fed steer price last week was up over 3 dollars, the fed heifer price over 6 dollars higher than the week before.
Both were between 43 and 48 dollars lower than a year ago.
The average cull cow price was up 1.53 on the week but over 26 dollars lower than last year.
The Ontario replacement cattle trade last week was active with a good demand and prices anywhere from a dollar to 6 dollars higher than the week before.
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Weekly Cattle Comments - As Supplied by Beef Farmers of Ontario Toll free: 1-866-370-2333 or Local: (519) 824-0334 Fax: (519) 824-9161 Email: markets@ontariobeef.com
Comments for the week ending Thursday, July 7, 2016
The Ontario live fed cattle trade saw 434 head sold through auction markets, up 124 from last week but 158 less than this time last year. Fed steers sold from $139.19-$159.78 averaging $150.33 up $3.40 from last week and $48.34 lower than this time last year. Fed heifers traded from $143.61-$159.50 averaging $152.32 up $6.61 from last week and $43.15 below year ago prices. Auction markets reported active trade with a good steady demand. Prices throughout the week were steady with quality cattle selling at higher prices.
The Ontario railgrade market declined slightly from last week with prices averaging $0.50-$2.00 lower than last week and $81.50-$83.00 below year ago prices. Steers were reported from $246.00-$254.00. Heifers reported the same trend all week with prices from $245.00-$250.00.
Cull cows showed a slight increase in prices this week as well as an increase in volume over last week. 1,713 cull cows came to market, during this week which is 242 more than last week but 575 less than this time last year. Cull cows sold from $78.11-$109.02 averaging $92.28 up $1.53 from last week and $26.09 below year ago prices. Auction markets reported prices as steady with a few reports of higher prices. Demand was reported as good with some reports of strong demand and more selective.
Higher receipts of 2,463 replacement cattle sold through Ontario auction markets this week up 313 head from last week and 238 more than this time last year. This week's trade was reported as active with a good demand. Prices were steady and reported anywhere from $1.00 - $6.00 higher than last week. The average prices were higher for all weight categories except the lighter weights which were actually lower. This week's average prices for steers 400-500 lbs were $9.40 lower than last week, steers 500-600 lbs were $2.33 lower, 600-700 lbs up $15.85, 700-800 lbs up $6.43, 800-900 lbs up $2.11, and steers 900+ lbs and over averaged $4.61 above last week. Heifers 300-400 lbs averaged $66.15 above last week, 400-500 lbs up $12.06, 500-600 lbs up $19.43, 600-700 lbs up $8.85, 700-800 lbs up $9.10, and 800+ lbs and over $4.41 higher than last week on average.
The Quebec Electronic Market for the week ending July 7, 2016 was reported from $256.50-$257.25 on a dressed basis, up $8.12 from the previous week on average.
Alberta direct trade for the week ending July 7th saw higher prices than the previous week. Steers traded from $242.00-$250.50 and heifers traded from $242.00-$248.50 dressed. While live steers and heifers had no sales to report.
There has been no new trade to report as of yet this week. Today packer inquiry is light, there has been a bit of trade at $120.00 live which is $2.00 lower than last week. Asking prices are around $124.00 plus in the South and $196.00 plus in the North. Light to moderate trade is expected to develop over the next few hours.
Amber McIntyre on behalf of Jamie Gamble, Market Information Coordinator, Beef Farmers of Ontario.
