Weekly Market Information Report Week ending Thursday July 15, 2004 The following information is collected from various sources and disseminated by the Ontario Cattlemen s Association. ONTARIO DIRECT TO PACKER RAILGRADE CATTLE TRADE This is a summary for the week of rail grade prices on a carcass weight basis, before grade and weight discounts. Price Range Last Week A grade steers 128.00-131.00 128.00-131.00 A grade heifers 127.00-129.00 127.00-129.00 ONTARIO LIVE CATTLE TRADE Ontario auction sales this week saw weighted average price ranges for FED CATTLE Price Range Average Top Last week avg. Large Frame Steers +1250 63.15-82.42 74.91 97.25 75.52 Medium Frame Steers +1250 63.78-77.41 72.20 97.50 71.27 Large & Medium Frame Steers +1250 65.08-82.28 74.70 97.50 74.69 Large Frame Heifers +1000 62.63-79.82 71.71 88.75 76.43 Medium Frame Heifers +1000 52.28-75.60 65.78 94.50 67.84 Large & Medium Frame Heifers +1000 59.96-80.54 70.69 94.50 74.96 Cows-all weights 13.62-25.98 19.98 65.00 19.84 Bulls all weights 26.56-45.33 34.92 80.00 30.43 STOCKERS Large & Medium Frame STEERS Price Range Average Top Page 1
1000+ 71.78-79.30 75.33 83.00 900-999 75.10-83.84 79.80 86.00 800-899 78.05-88.51 85.31 92.50 700-799 65.89-84.27 76.25 91.00 600-699 66.32-91.72 80.80 104.00 500-599 65.44-99.31 84.19 113.00 400-499 59.90-99.98 75.97 121.00 HEIFERS Price Range Average Top 900+ 66.97-79.91 74.62 87.50 800-899 62.04-75.72 70.00 87.25 700-799 61.91-79.11 69.56 92.00 600-699 58.51-80.55 71.71 95.00 500-599 57.22-82.11 70.39 114.00 400-499 71.76-88.75 79.71 104.00 Talbotville Livestock Exchange: July 10, 2004 Price Range Top Price Good & Choice Fed Steers 71.00-83.00 87.75 Good & Choice Fed Heifers 68.00-82.00 89.00 Good Cows 18.00-25.00 33.00 Bulls 25.00-45.00 The market was steady. Sale: Denfield Livestock, DENFIELD July 13, 2004 Price Range Choice steers 80.00-85.00 Page 2
Good steers 72.00-76.00 Plain steers 55.00-65.00 Choice exotic cross heifers 80.00-85.00 Good heifers 68.00-74.00 Plain heifers 50.00-60.00 Good fed cows 30.00-38.00 D1 & D2 cows 22.00-28.00 D3 & D4 cows 15.00-20.00 Ontario Cattlemen s Association The market traded on an even demand at steady prices on all fed cattle. A good offering of cows traded fully steady according to quality. A light offering of stockers traded steady. Stocker Sale: Brussel s Livestock, BRUSSELS: July 9, 2004 1000+ 74.00-82.25 83.00 900+ 62.00-82.50 87.50 900-999 77.00-85.25 86.00 800-899 61.00-79.50 84.50 800-899 77.00-90.00 90.00 600-699 59.00-85.50 95.00 600-699 78.00-97.00 97.00 500-599 70.00-92.00 114.00 500-599 78.00-111.00 113.00 Calves and yearlings sold on a strong active trade. Stocker Sale: Keady Livestock Market, TARA, July 13, 2004 STEERS Price Range HEIFERS Price Range 1000+ 75.85-79.75 600-699 58.00-80.50 800-899 91.35-91.50 700-799 73.00-88.25 All replacements sold moderately at steady prices. Sale: Renfrew-Pontiac Livestock, COBDEN, July 13, 2004 STEERS Price Range HEIFERS Price Range Page 3
700-799 72.00-84.50 700-799 63.50-70.50 600-699 82.00-87.50 600-699 66.00-71.00 500-599 89.00-96.00 500-599 69.00-72.50 Stocker Sale: Ontario Livestock Exchange, WATERLOO July 14, 2004 +1000 73.00-81.50 81.50 +900 70.00-73.25 77.50 900-999 71.50-85.00 85.00 Stocker Sale: Ontario Stockyards, COOKSTOWN July 15, 2004 900-999 66.00-83.50 83.50 800-899 66.00-72.00 72.00 800-899 80.00-84.00 84.00 700-799 57.00-76.50 77.00 700-799 74.00-88.00 88.00 600-699 58.00-81.50 86.00 600-699 66.50-90.00 104.00 500-599 42.00-73.00 95.50 500-599 72.00-96.00 106.00 Most good quality replacement cattle sold steady, while some plainer types traded lower. Stocker Sale: Tri-County, HANOVER, July 15, 2004 1000+ 74.00-78.75 78.75 +900 79.50-81.00 82.00 BRED COW SALE Carson s Auction, Listowel 170 head July 10, 2004 Exotic & Exotic X British & British X Top quality bred cows $650 - $900 $500 $1,000 Avg quality bred cows $400 $750 $300 - $600 Page 4
Top quality cow/calf pairs $950 $1,150 $750 - $1,100 Avg quality cow/calf pairs $550 $850 $500 - $900 Cow calf pairs sold steady to $100.00 higher. Bred cows sold at moderate prices. Week ending Thursday July 15, 2004 ALBERTA DIRECT TRADE Steers Live 69.25-71.50 Flat rail 116.00-121.00 Heifers Live 69.25-72.00 Flat rail 116.50-120.00 Week ending July 15, 2004 - $2-4 lower. U.S. TRADE (U.S. funds) Weekly range for choice and select steers and heifers: Live $83.00 Rail $131.00-132.00 CANADIAN BOXED BEEF CUT-OUT VALUES Week Ending Light AAA Heavy AAA Light AA Heavy AA July 9, 2004 1.8600 1.8570 1.7710 1.7641 U.S. BOXED BEEF CUT-OUT VALUES Choice Select 600-900 600-750 750-900 600-900 600-750 750-900 Current 5 day average: 139.81 140.95 139.91 138.21 138.38 138.43 AVERAGE CARCASS WEIGHTS CANADA STEERS HEIFERS July 3, 2004 811 754 Page 5
June 28, 2003 815 754 FEDERALLY INSPECTED CANADIAN KILL Week Ending July 3, 2004 YTD % of Yr. Ago Grand Total 61,881 1,805,981 126% Alberta Slaughter 43,398 1,277,564 129% Ontario Slaughter 10,998 300,170 112% USDA ESTIMATED CATTLE KILL Week Ending July 10, 2004 Last Week Year Ago Grand Total 529,000 651,000 742,000 BEEF EXPORTS United States Jan 1 July 10 Mexico Jan 1 May 15 Total 156,336 tonnes 40,302 tonnes BEEF IMPORTS Jan 1 July 3 Last Year Same Time % Change Total 38,225 tonnes 141,795 tonnes -63.7% BEEF PRODUCTION Jan 1 July 10 Last Year Same Time % Change Fed 617,669 tonnes 475,429 tonnes +29.9% Non-fed 68,714 tonnes 70,315 tonnes -2.3% Page 6
Closing quotes on futures today were as follows: Ontario Cattlemen s Association CHICAGO MERCANTILE EXCHANGE Live Cattle Feeder Cattle Corn Soybeans Canadian $ $/cwt US $/cwt US $/bu US /bu $/bu US /bu Jul 82.00 +0.00 Aug 108.52-0.10 Sep 2.390-3.4 Aug 7.074-43.4 Spot 76.49 +0.97 Aug 83.07 +0.30 Sep 107.60 +0.10 Dec 2.474-2.6 Sep 6.510-11.0 Sep 76.33 +0.92 Oct 85.40-0.15 Oct 105.90 +0.55 Mar 2.552-2.6 Nov 6.404-5.0 Dec 76.26 +0.92 Dec 85.65-0.27 Nov 103.77 +0.12 May 2.610-2.2 Jan 6.444-5.4 Mar 76.21 +0.92 Week Ending July 15, 2004 Ontario fed cattle trade was steady with last week. The $4 price increase we saw on heifers last week was just taken back this week as heifers sold $4.27 lower. There were 1,967 head of finished steers and heifers sold live through Ontario auction markets. The average fed steer price was $74.70 and the average heifer price was $70.69. Some auction markets reported fed cattle sold on an even demand at steady prices while another reported cattle sold on a dull demand at lower prices. The cow trade in Ontario continued to sell on a good demand at steady prices. The volume of cows sold through Ontario auction markets was 1,730 with an average price of $19.98. Local auction markets reported cows sold on a good active trade with prices fully steady to $1-2 higher. The volume of replacement cattle sold was up 49.6% from last week with 3,060 head traded. Auction markets reported stockers sold moderately with good quality cattle selling steady and plainer types selling lower. It was also reported that shortkeep steers were barely steady while shortkeep heifers sold steady. Direct to packer railgrade cattle prices were steady with last week as steers sold $128.00-131.00 and heifers $127.00-129.00. In Alberta, trade was fairly active with steady prices. Steers sold from $69.25-71.50 live and $116.00-121.00 flat rail. Heifers sold from $69.25-72.00 live and $116.50-120.00 flat rail. U.S. cash cattle trade saw moderate trade in the north and active trade in the south. Prices in the north were $4 lower and prices in the south were $2-3 lower. Steers and heifers sold at $83 live and $131-132 dressed. Local beef trade experienced slower movement this week. Prices are mostly steady to slightly under pressure. Some orders have been cancelled due to changing features at the retail level. Page 7