Klassen: Stronger barley prices weigh on feeder market

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were steady to $2 lower; calves weighing 500 to 650 lbs. traded $2-$4 lower while lighter weights under 500 lbs. were steady to $5 higher. There is a distinct price structure for each weight category, depending on the time frame for the finished animal. The overall feeder […] Read more

Klassen: Quality features influence feeder cattle prices

Reading Time: 2 minutes Western Canadian yearling markets have traded in a sideways range over the past couple of weeks; major feedlot operators have been aggressive for 800-pound-plus feeders just off grass because these cattle are most efficient and therefore, most profitable. Grass yearlings were quoted steady to as much as $5 higher this past week. Backgrounded yearlings were […] Read more

Soybeans have been turning quickly across Ontario as harvest approaches.

Crop prices see risk premium boost due to lack of U.S. rainfall

Ontario corn and soybean average production expected to be above 2019

Reading Time: 5 minutes Statistics Canada released its first yield estimates for the 2020 crop using satellite technology on Aug. 31. Soybean yields were lower than expected while corn yields were in line with our projections. Winter wheat production came in at 2.4 million tonnes, the highest output since 2016. Statistics Canada also fine tuned the seeded area while […] Read more

Klassen: Yearling market holding value

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged while calves traded $3 higher to $3 lower on average. The yearling run is well underway and there was no shortage of buying interest. Finishing feedlots were very aggressive on quality packages coming fresh off grass. Once again, buyers focused on local cattle, causing […] Read more

The Ontario soybeans crop is looking like it could hit a 50 bushel per acre average.

Soy price rises with Chinese demand and deteriorating U.S. crop

Ethanol, feed demand help raise corn prices in North America

Reading Time: 6 minutes Over the past 30 days, Ontario temperatures have been one to two degrees above normal while precipitation has been quite variable. A large portion of the Ontario growing region, mainly north of Toronto, received 100 to 150 mm of precipitation. Isolated pockets south of Toronto down to Windsor have received 40 to 90 mm of […] Read more

Klassen: Yearling markets mixed

Reading Time: 2 minutes Compared to last week, yearling prices for western Canadian were down $2-$5 on average with the exception of southern Alberta where prices were relatively unchanged. Major feedlots in the Lethbridge area focused on local cattle which contributed to the firmer tone. Outside of Feedlot Alley, weakness in the deferred live cattle futures had buyers on […] Read more

Klassen: Yearling market remains red hot

Barley harvest well underway in southern Alberta

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were $2-$4 higher on average; however, in southern Alberta, yearlings traded $6-$8 above week-ago levels. A few auction barns in Alberta held their first feature sales of the fall run and buyers showed up with both hands. The quality of yearlings coming off grass is excellent and […] Read more

Klassen: Yearling prices on fire

Canada's cattle herd remains in contraction stage

Reading Time: 2 minutes Compared to last week, yearlings coming off grass traded $3-$5 higher; backgrounded yearlings were $1-$3 higher on average while calf markets were relatively unchanged. February and April live cattle futures closed marginally lower for the week; however, fed cattle basis levels from U.S. packers are very strong for winter and spring. This appears to be […] Read more

Above normal temperatures could reduce Ontario’s soybean yield.

Six-month Canadian dollar highs weigh on crop prices

Larger expected corn and soybean crops in the United States affecting prices

Reading Time: 5 minutes Over the past 30 days, the Ontario growing region has received above normal precipitation while temperatures have hovered two to five degrees above average. Quick look Soybeans: U.S. soybeans exports increasing with Chinese demand. Corn: Aim to make targeted corn sales this winter, as large rallies are unlikely. Wheat: Wheat harvest continues around the world, […] Read more

Klassen: Yearling demand remains firm

Reading Time: 2 minutes Compared to last week, western Canadian yearlings fresh off grass traded steady to $2 higher; backgrounded yearlings were relatively unchanged. The calf market was too thin to quote. Major feedlot operators set the price structure and were once again very aggressive. While many feedlots are backed up with market-ready supplies of fed cattle, some feedlots […] Read more