Ontario Farm Market Summary for Tuesday, February 25

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

Cattle make their way through the sales ring at the Keady Livestock Market in this file photo.

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At Brussels and OLEX, 1,085 fed cattle were on offer. At Brussels, fed steers and heifers are selling actively at prices $3.00-$5.00 cwt higher. At OLEX, veal is selling on a barely steady market.

Large Steers: $155.00 – $164.00

Medium Steers: $145.00 – $154.00

Large Heifers: $155.00 – $164.00

Medium Heifers: $145.00 – $154.00

From Ontario Pork:

Quebec’s average price on Monday was $143.27 per ckg D.W. 100 index.

The previous markets day’s CME Constructed (201) price was $55.98 U.S. per cwt. D.W. Compared to the previous day this was up $0.18

Today we expect the CME Constructed (201) price to decrease $0.37

At the Chicago Board of Trade, corn futures are narrowly mixed:

MAR20 down 1/4 at $3.72

DEC20 unchanged at $3.82 1/4

Soybean futures are slightly higher:

MAR20 up 3 at $8.77 1/4

NOV20 up 3 3/4 at $9.08 3/4

Chatham-Kent cash corn:

$5.12 – $5.12/bu, $201.56 – $201.56/mt.

Chatham-Kent cash soybeans:

$11.22 – $11.27/bu, $412.36 -$414.20/mt.

Grain Farmers Terminal Wheat Bids:

Soft White $7.35/bu, $270.07/mt.

Hard Red $7.55/bu, $277.42/mt.

Soft Red $7.35/bu, $270.07/mt.

Red Spring $6.45/bu, $237.00/mt.

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