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ONT Farm Market News PM Livestock Summary for August 21

21-Aug-2020
03:11:36
ONT Farm Market News PM Livestock Summary for August 21 From the Beef Farmers of Ontario, the Rail Grade Report. Prices are on carcass weight basis, before grade and weight discounts. Steers: $245.00 - $245.00 Heifers: $244.00 - $245.00 *From Ontario Pork: *Quebec's average price on Thursday was $162.99 per ckg D.W. 100 index. *The previous markets day's CME Constructed (201) price was $55.55 U.S. per cwt. D.W. *Compared to the previous day this was up $0.28 *Today we expect the CME Constructed (201) price to increase $0.5 *Average weekly price /ckg DW total value $179.56 *Total volume of Ont. hogs sold was 111360 * From the Beef Farmers of Ontario, the weekly beef commentary: Comments for the week ending August 20: There were slightly higher receipts of fed steers and heifers sold through auction markets this week at 437 head, up 126 from last week and 68 more than the same time last year. Fed steers ranged from $136.51- $151.39 averaging $144.99 up $1.09 from last week and $6.03 above year ago prices. Fed heifers ranged from $127.40-$150.09 with a weekly weighted average of $140.29 down $2.30 from last week but $10.86 higher than year ago prices. Auction markets reported trade as active with prices $1.00-$3.00 higher mid-week. Trade continued strong through to Thursday. Ontario railgrade prices were consistent with last weeks prices. The previous Friday was steady at $245.00 dressed for steers and $244.00- $245.00 for heifers. From Monday to Wednesday this week sales were sitting at $245.00 dressed for steers and $244.00-$245.00 for heifers. This weeks average price is the same as last week and $8.75-$9.00 stronger than last year at this time. Slightly higher receipts of 2,013 fed/cull cows sold through auction markets this week up 92 from last week and 92 fewer than this time last year. Cows sold from $62.57-$95.24 averaging $78.15 down $4.32 from last week and yet $2.48 stronger than year ago prices. Auction markets reported trade on a strong demand with prices steady and towards the end of the week selling slightly easier. There were 3,541 stocker and feeder cattle sold through auction markets this week, numbers were 998 higher than last week and fairly steady to last year at this time. Auction markets reported trade as fully steady with active, strong demand. Yearlings traded actively at steady prices. Good demand on the market. Actual average prices this week saw steers 400- 500 lbs down $15.61 from last week on average, 500-600 lbs down $4.87, 600-700 lbs up $2.78, 700-800 lbs up $3.89, 800-900 lbs up $8.83, and steers 900 lbs and over averaged $1.62 higher. Heifers 400-500 lbs were up $3.71 from last week, 500-600 lbs down $13.09, 600-700 lbs up $4.14, 700-800 lbs up $8.23, and heifers 800 lbs and over averaged $10.58 higher than last week. The Quebec electronic market for this week ranged from $246.25-$249.00 dressed, up $4.03 from the previous week on average. Alberta direct trade for the week was reported by Canfax with rail prices from $227.75-$233.50, steers averaged $229.58 up $1.53 on average from the previous week while heifers averaged $229.58 as well up $1.99 from the previous week. Live prices were reported at $138.00 for steers. The US cash cattle trade for this week saw trade Tues through to Thursday with live cattle selling mostly from $106.00 to $107.00 live up $2.00-$3.00 higher from last week. Wednesday the 19th at the Fed Cattle Exchange online auction, there were 1,462 head on offer, in 9 lots with delivery in 1-17 days. One lot sold at $106.75. Dressed trade was reported at selling mostly for $169.00 which is $1.00 higher than last week. Amber McIntyre reporting for Jamie Gamble - Beef Farmers of Ontarios market information report.
See What 100 Years Can Do

In July 2016, Farm Credit marked 100 years of support for rural communities and agriculture, a milestone celebrated throughout the year and now drawing to a close. See highlights from Farm Credit's year-long centennial celebration. 

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