Klassen: Feeder cattle demand softens

Compared to last week, western Canadian yearling prices were $2-$4 lower on average while calves were down $3-$5 depending on the region. Weakness in the fed cattle market continues to spill over into the feeder complex, as margins drift further into red ink. Alberta packers were buying fed cattle in the range of $245-$246 delivered […] Read more


There are lots of ruts in fields and little planting in Ontario due to almost double the normal rainfall in the past month.

Corn markets seeing potential risk premiums with market uncertainty

Excess precipitation limits corn and soybean seeding in key areas of North America

The Ontario cropping region has received 150 per cent of normal precipitation over the past 30 days. Certain pockets like the region from Toronto to Ottawa has received greater than 200 per cent of normal precipitation. About 15 per cent of the Ontario corn and soybeans have been planted as of May 21. The United […] Read more


There’s very little corn planted yet in Ontario and that will also keep down stocks.

Ontario corn stocks expected to hit historic low this year

Large exports and fewer acres for 2019 continue to reduce Ontario corn stockpiles

During the past 30 days, about 75 per cent of the Ontario cropping region has received 150 per cent to 200 per cent of normal precipitation. About 25 per cent of the crop area has received greater than 200 per cent of normal precipitation. There has been minimal seeding progress in Ontario due to extensive […] Read more


Klassen: Feeder market finds support

Compared to last week, western Canadian yearling markets traded steady to $2 lower while calves traded $3 higher to as much as $8 lower. Adverse weather across much of the U.S. Midwest set a negative tone on both sides of the border. U.S. feeder cattle markets were down US$3-$6 from seven days earlier. Corn futures […] Read more

Klassen: Feeder market continues to soften

Compared to last week, western Canadian feeder cattle markets traded $3-$5 lower on average with some auctions down $5 to as much as $8. Alberta packers were buying fed cattle on a dressed basis at $258 delivered, down $15 from the April highs. Feeding margins have slid into negative territory quite rapidly and could be […] Read more

Klassen: Feeder cattle rally loses steam

Compared to last week, western Canadian yearlings traded $2-$5 lower while calves were solidly $3 to as much as $8 lower. There’s a limit how far the cash trade can divorce from the futures market. November feeder cattle futures have dropped $12 from contract highs and there is no sign that this slide is over; […] Read more


Corn harvest in Argentina is underway and yields look better than expected.

Grain prices show decline with little reason to reverse direction

Corn, soybeans and wheat all have negative forecasts entering the growing season

Central Canada has received average to above-average precipitation over the past 30 days providing sufficient moisture for planting and early crop development. The macro situation for Ontario grain prices is somewhat bearish moving forward. Grain and oilseed futures continue to grind lower due to favourable harvest conditions in South America. Much of U.S. received above-normal […] Read more