Compared to last week, western Canadian feeder cattle sold $4-$6 lower on average. Feedlot operators backed away from the markets due to stronger feed grain prices and weakness south of the border. Certain regions of the U.S. Midwest and southern Plains have experienced adverse weather, which caused U.S. feeder cattle prices to experience a week-over-week […] Read more
Author Archives
Klassen: Feeder market experiences softer demand
Lower oil prices and declines in equities spill over into grain commodities
However, a softer loonie is helping enhance the competitiveness of Canadian grain and oilseed on global markets
Ontario farmers have harvested approximately 90 per cent of the soybeans and 75 per cent of the corn. Soybean yields have come in above expectations; some farmers reported record yields. Corn yields are quite variable and vomitoxin is a major problem in certain areas. The year-over-year increase in export demand continues to support Ontario corn […] Read more
Klassen: Feeder market searching for direction
Western Canadian feeder cattle markets were quite variable from seven days earlier. Prices were unchanged in the eastern Prairie regions; however, Alberta markets traded $3 to as much as $7 below week-ago levels. Alberta and Saskatchewan feedlot inventories are running 16 per cent above year-ago levels, so there’s limited buying power available. Calves are fleshier […] Read more
Klassen: Feeder cattle market stabilizes
Western Canadian feeder cattle markets were unchanged from week-ago levels. Favourable weather conditions enhanced buying interest from cattle feeders in Feedlot Alley; however, cattle-on-feed inventories in Alberta and Saskatchewan are running 16 per cent above year-ago levels. Pen space remains at a premium due to limited capacity. County permit fees and added regulations have also […] Read more
Klassen: Softer demand causes feeder prices to weaken
Compared to last week, Alberta feeder cattle markets traded $4 to as much as $8 lower; however, Manitoba and Saskatchewan prices experienced a week-over-week decline of $3 to $5 on average. Demand from Eastern Canada appeared to limit slippage in the eastern Prairie regions but some of these markets also faltered late in the week. […] Read more
Weather makes for different corn harvest conditions in Ontario and the U.S.
American farmers are close to finished corn harvest, compared to Ontario farmers waiting for clearer weather
Adverse rains have hindered harvest progress across Ontario. Farmers have harvested approximately 75 per cent of the soybeans and 25 per cent of the corn. Yield reports are slightly higher than expected and total production will likely finish above the recent Statistics Canada estimates. Vomitoxin appears to be quite prevalent on the early corn samples […] Read more
Klassen: Weather weighs on feeder cattle
Compared to last week, western Canadian feeder cattle markets traded $3 to as much as $6 lower. Eastern Prairie regions experienced demand from Ontario and Quebec, which limited the downside; however, Alberta markets faltered as buyers, having factored in a higher deathloss due to adverse weather. Light wet snow along with warmer temperatures during the […] Read more
Klassen: Feeder cattle demand softens
Compared to last week, Western Canadian yearling prices were $2 to $3 lower on average. Feedlots were more aggressive on replacements that will finish for the March April fed cattle market. April live cattle futures continue to trade at a $8 premium to the June contract so lighter yearlings were discounted accordingly. The quality was […] Read more
China-U.S. trade dispute likely to drag on, affecting price
U.S. ethanol policy change could increase demand by two billion bushels
Ontario farmers have harvested 60 per cent of the soybeans and 25 per cent of the corn as of Oct. 21. American farmers have combined 49 per cent of the corn and 53 per cent of the soybeans. The seven- to 10-day forecast calls for seasonal temperatures with limited precipitation, which should allow producers to […] Read more
Klassen: Feeder cattle demand softens
Compared to last week, Western Canadian feeder cattle markets traded $2 to as much as $5 lower. Feedlot margins have come under pressure over the past week which resulted in lower bids for all weight categories. Alberta and Saskatchewan feedlot inventories are running 18 to 20 per cent above year-ago levels. Pen space is at […] Read more
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