Ontario Farm Market Summary for Wednesday, August 7

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

At the Ontario Stockyards, 388 fed cattle were on offer. Cows and bulls traded on a good demand at steady to lower prices. Veal sold steady to Monday’s market.

Cows: $61.00 – $95.00 Bulls: $92.74 – $105.75

From Ontario Pork:

The previous markets day’s CME Constructed (201) price was $83.78 U.S. per cwt. D.W.

Compared to the previous day this was down $0.75

Today we expect the CME Constructed (201) price to decrease $0.94 At the Chicago Board of Trade, corn futures are slightly lower:

SEP19 down 1 1/4 at $4.02 3/4 DEC19 down 2 at $4.10 1/2 Soybean futures are slightly lower:

NOV19 down 3 1/4 at $8.62 1/2 NOV19 down 3 1/4 at $8.62 1/2 Chatham-Kent cash corn: $5.83 – $5.98/bu, $229.42 – $235.32/mt.

Chatham-Kent cash soybeans: $10.73 – $10.77/bu, $394.08 – $395.55/mt.

Grain Farmers Terminal Wheat Bids: Soft White $6.84/bu, $251.33/mt.

Hard Red $7.11/bu, $261.25/mt, Soft Red $6.78/bu, $249.12/mt, Red Spring $6.52/bu, $239.57/mt.