Reading Time: 2 minutes Compared to last week, western Canadian yearlings were $2-$3 higher; calf prices were $2 to as much as $4 higher; calves under 600 lbs. were $4 to as much as $10 higher in some cases. February and April live cattle futures appear to be incorporating a risk premium due to the uncertainty in beef production […] Read more
Author Archives
Klassen: Feeder cattle edge higher on improving margins
Ontario winter wheat acres likely to hit one million
Soybean exports look to be increasing from Canada
Reading Time: 5 minutes As of Nov. 19, we estimate that Ontario farmers have harvested 93 per cent of soybeans and 50 to 60 per cent of corn. It’s hard to assess the corn progress given the recent weather. Ontario received 150 to 200 per cent of normal precipitation over the past 30 days. Many farmers are coming to […] Read more
Klassen: Feeder cattle market drops on soft demand
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets were down $4-$6 while calf prices dropped $5 to as much as much as $10 in some cases. Comments from order buyers reflect very sluggish demand for this time of year. Ontario farmers have harvested about 50 per cent of the corn crop and buying interest from […] Read more
Klassen: Challenging weather influencing feeder market
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged; calves appeared to trade $3 lower to as much as $5 higher. Weather conditions have played a larger role in the price structure this fall. Major finishing feedlots continue to focus on preconditioned calves and have left the unweaned or unvaccinated feeders to the […] Read more
Ontario soybean exports jump in September over 2018 numbers
Ontario's corn market is being held up due to tight old crop stocks and the delayed harvest
Reading Time: 5 minutes We estimate that Ontario farmers have harvested approximately 85 per cent of the soybeans and 20 per cent of the corn crop as of early November. The six to 10-day forecast calls for normal precipitation along with seasonal temperatures. Soybean yield reports are better than expected; however, corn progress isn’t sufficient to assess yields beyond […] Read more
Klassen: Feeder cattle market consolidation continues
Reading Time: 2 minutes Western Canadian feeder cattle markets were unchanged from week-ago levels. Larger pre-sort calf sales were held across the prairies. Buying interest was barely sufficient to support the market at the current levels. The risk tolerance shifted from medium to low this past week. Discounts appeared to be more severe on unweaned and unvaccinated calves. Colder […] Read more
Klassen: Steady demand seen for all feeder cattle
Reading Time: 2 minutes Compared to last week, Western Canadian feeder cattle prices were relatively unchanged. Yearlings supplies were limited in certain regions which caused buyers to shrug off fleshier characteristics in some cases; however, heavier yearlings over 950 pounds were somewhat softer. Finishing feedlots appeared to be more aggressive on heavier, vaccinated or pre-conditioned calves. Many auction barns […] Read more
Weather sparks mild optimism; traders wait-and-see on U.S.-China trade deal
Ontario corn and soybean crops have benefitted from warm fall weather
Reading Time: 5 minutes Ontario farmers are cautiously optimistic as favourable weather has accelerated crop development. Over the past 30 days, most of the Ontario growing region has received 60 to 85 per cent of normal precipitation along with above normal temperatures. Quick look Soybeans: Soybean yields are variable in Ontario, with average down to about 45 bushels per […] Read more
Klassen: Feeder cattle market stabilizes
Reading Time: 2 minutes Compared to last week, Western Canadian feeder cattle markets traded $2 to $3 on either side of unchanged. Most auction barns held feature sales over the past week and steady demand was noted across the prairies. Calves appeared to gain momentum late in the week with favorable weather enhancing buying interest; however, yearlings were quite […] Read more
Klassen: Feeder market experiences bouncing behaviour
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$4 higher on average; calves traded $2 to as much as $6 higher. The feeder market has recovered after a softer tone earlier in October. Favourable weather in southern Alberta over the past week caused Lethbridge-area feedlots to step forward more aggressively, especially in the lighter […] Read more
