Photo: Geralyn Wichers

Klassen: Feeder market in price discovery mode

For the week ending August 2, Western Canadian feeder cattle markets traded steady to as much as $10 higher. Quality yearling packages off grass were up as much as $15 in some cases. Prices for similar weight cattle were quite variable across the Prairies, which made the market hard to define.  The market appears to be in price discovery mode for the grass yearling market.









Photo: Dave Bedard

Wheat heading, world flush with supply

Weather across the U.S. will have a larger influence on prices through the growing season

Below average temperatures in early June delayed Ontario corn and soybean development. Precipitation levels were considered average. Warmer temperatures were needed to advance crop development and enhance yield potential.