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Photo: Canada Beef Inc.
Livestock, Markets

Klassen: Drought conditions spur on fall cattle run

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Reading Time: 2 minutes Compared to last week, Western Canadian feeder yearling prices were relatively unchanged; calves traded $2 to $5 lower. The fall run has started. Drought like conditions have caused many ranchers to sell cattle 30 to 45 days earlier than normal. Steers averaging 900 pounds were readily trading in the range from $185 to $190; steers […] Read more
Corn in Ontario is starting to tassel and generally looks healthy including this field near London.
Markets, Markets/Business

July USDA report neutral for corn and soybeans but bullish for wheat

Ontario row crops are on pace for average yields if weather cooperates

By
Reading Time: 6 minutes The bulk of the Ontario growing region received 50 to as much as 100 millimetres of precipitation during the first half of July. The corn and soybean crops have been rejuvenated after a rather dry spring. We’re now projecting average type yields for the row crops.  Quick lookSoybeans: The Ontario soybean crop is rated about […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market stays firm

By
Reading Time: 2 minutes Compared to last week, western Canadian prices for yearlings weighing 800 lbs. and over were unchanged; however, calves and yearlings in the 600- to 800-lb. category traded steady to $3 higher. The calf market was hard to define due to small groups of various quality. Strength in deferred live cattle futures along with the weaker […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market consolidates

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Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $2-$3 on either side of unchanged. In central and southern Alberta, quality yearling steers weighing 800 lbs. continue to hover at the psychological range of $200-$210; lower-flesh steers fresh off grass weighing 900 lbs. are readily quoted in the range of $185-$190. Saskatchewan values are […] Read more
Statistics Canada’s recent acreage survey had Ontario corn acres down 2.1 per cent from 2020.
Markets, Markets/Business

Corn, soybean, wheat basis holds firm

Demand for old crop soybeans coming in below expectations

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Reading Time: 5 minutes Statistics Canada’s June acreage survey held no surprises. Corn, soybean and wheat acreage was similar to March data. There was some yield drag on corn and soybeans in the dryer regions of Ontario but crops have held up well. Basis levels remain firm due to tight old crop stocks and uncertain new crop production. Quick […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market calm but firm

By
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices were unchanged. Most auction markets were closed due to Canada Day. It’s been a busy spring period; there is no doubt about it. Pastures are quickly deteriorating under the intense heat and many ranchers will sell yearlings 30-45 days sooner than normal. The good news is […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Yearling prices consolidate, calf values soften

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Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged; however, calves weighing 500 to 700 lbs. were $2-$4 lower. Featherlight bawlers under 500 lbs. were down $6-$8 from seven days earlier. Strong feedlot buying interest supported quality groups of yearlings. Feed barley prices were down $5-$10 per tonne from last week while the […] Read more
CME October 2021 feeder cattle (candlesticks) with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

Klassen: Feeder market percolating higher

Weakness in feeder futures seen as temporary hiccup

By
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were $1-$4 higher on average; calves were steady to $2 higher. Limited volume of calves under 600 lbs. made the market hard to define; however, strong demand was surfacing across all weight categories. The weaker Canadian dollar, along with stronger live cattle futures, set a positive tone. […] Read more

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