Ontario Farm Market Summary for Thursday, August 8

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Prepared by Farm Market News, University of Guelph, Ridgetown Campus.

At OLEX, 560 fed cattle were on offer.  Cows are selling on a steady trade.


Cows:
                         $76.00 – $89.00


From Ontario Pork:


Quebec’s average price on Wednesday was $206.99 per ckg D.W. 100 index.


The previous markets day’s CME Constructed (201) price was $83.14 U.S. per cwt. D.W.


Compared to the previous day this was down $0.64


Today we expect the CME Constructed (201) price to decrease $1.20


At the Chicago Board of Trade, corn futures are moderately higher:


SEP19 up 5 1/4 at $4.11
  3/4


DEC19 up 5 1/4 at $4.19
  1/4


Soybean futures are moderately higher:


NOV19 up 17 1/2 at $8.84
  1/4


NOV19 up 17 1/2 at $8.84
  1/4


Chatham-Kent cash corn:
         $5.97 – $6.12/bu, $234.93 – $240.83/mt.


Chatham-Kent cash soybeans:
        $10.96 – $10.99/bu, $402.81 –
 $403.91/mt.


Grain Farmers Terminal Wheat Bids: Soft White $7.06/bu, $259.41/mt.


Hard Red $7.32/bu, $268.97/mt, S
oft Red $6.99/bu, $256.84/mt, Red Spring $6.52/bu, $239.57/mt.

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