How to Read the Weekly Veal Market Report

As with most farmers, your time is valuable and limited. The Veal Farmers of Ontario (VFO) compiles market report information weekly from multiple sources to help veal farmers efficiently stay current with the veal market.

The weekly market report can be a valuable tool for veal producers. The market report can help you to understand current veal market trends. Veal farmers have several options available for marketing their veal calves including: direct to packer, sales barns, dealer, or through a freezer trade business. With any of these options, you need to be aware of current market prices to ensure you are receiving fair market value for your veal.

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Ontario Direct to Packer

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These price ranges are compiled weekly after contacting several packers by phone and/or email.  The “Range” listed is the price range for the current week and “Last Week” is the range for the previous week.

For the most part these prices are provided on a rail weight basis. Using a yield of 54.56% the rail price is then converted to a live price. So to convert the rail price to the live price, multiply by .5456. For example: 3.10 x .5456 = 1.691, which is then rounded to the nearest cent for the report.

Weekly Electronic Veal Sales

For the most part these prices are provided on a rail weight basis. Using a yield of 54.56% the rail price is then converted to a live price. So to convert the rail price to the live price, multiply by .5456. For example: 3.10 x .5456 = 1.691, which is then rounded to the nearest cent for the report.

The largest section featured in the market report provides a snapshot of pricing from each of the major veal sales in Ontario. The “Average” column is the weekly information collected from sales barns in Ontario that sell veal and report their sales electronically to the Beef Farmers of Ontario (BFO). Comments from each of the sales arenas pertaining to veal sales are located beside the pricing and volume table.

Federally Inspected Veal

Keep in mind the numbers featured in this section are one week behind. Federal numbers are reported for Ontario, Quebec, and all of Canada by Agriculture and Agri-Food Canada. This table includes “Weekly” numbers for the current and past year, as well as a “Year to Date (YTD)” for both years. The “% Change” columns allow us to monitor how much more or less veal is being processed compared to the previous year. So far in 2015, Ontario processed 40.3% less veal in federally inspected plants than in 2014. Weekly, Ontario has processed 46.7% less veal than the same week in 2014.

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Ontario Federal and Provincial Veal Totals

These two charts display the number of veal calves processed in Federal and Provincial plants each month over the past three years. Monthly numbers from each year can be easily compared. Fewer calves are being processed both federally and provincially in 2015 than 2014.

Bob Calves

The “Ontario Live Auction Report” is a collection of reports from calf sales that do not send in their numbers electronically to the BFO. Once these numbers are collected they are then put into a range for each category. Most weeks the ranges are large, however, the purpose of this report is to give a general idea of bob calf prices.

The “Quebec Live Action” chart is collect from the website of the Fédération des producteurs de bovins du Québec. These prices are listed as price per hundredweight.

The “BFO Auction Report” chart lists the weekly volume, average price, and weekly high price for calves less than 125 lbs. This information is compiled by BFO who receives it from the auctions sales that send in their reports electronically.

Comments from calf sales are included in the table below the “BFO Auction Report”.

Quebec Veal Market

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The “Quebec Electronic Auction” chart is collect from the website of the Fédération des producteurs de bovins du Quebec. These prices are listed as an average of the rail weight price per pound.

Each week we do our best to provide the most current veal and bob calf prices in a timely manner. The report is distributed via email and fax and is posted to the VFO website. If you have any questions about this report please do not hesitate to contact us.