Statistics Canada released its second model-based yield and production estimates Sept. 14. Its model evaluated conditions as of Aug. 31 using satellite technology and agroclimatic data. Soybean yields were unchanged from its earlier estimate, while corn yields were raised by over three bu./acre. A marginal upward revision was noted in winter wheat. Quick look: Soybeans: […] Read more
Ontario corn yields increased; U.S. yields lowered
Weaker Canadian dollar, stronger biofuel prices supportive for Ontario corn and soybean markets
Klassen: Feeder market falters at record highs
Risk premiums in market seen eroding
Compared to last week, western Canadian yearling markets traded $2 to as much as $8 lower on average. Calf markets were relatively unchanged to $10 lower. There was moderate demand for top quality grass yearlings but plainer types experienced softer buying interest. Pre-conditioned calves held value but unweaned bawlers appear to set back $5-$10. Seasonally, […] Read more
Klassen: Lower beef production forecasts support feeder complex
Major feedlots seen aggressive on quality calves
Compared to last week, western Canadian yearling markets traded $2-$4 on either side of unchanged. Calf markets were steady to $5 higher on average, with stronger buying interest on preconditioned weaned steer calves. Light calves weighing under 500 lbs. appeared to jump $10-$20 in certain regions. This past week, focus of finishing feedlots switched from […] Read more
Klassen: Stronger live cattle futures enhance feeder demand
Feeder cattle supplies look to be lower than anticipated
Compared to last week, western Canadian grass yearling prices were unchanged to $3/cwt lower on average. Steers held value but heifers had a softer tone. Calf prices were relatively unchanged from seven days earlier. However, weaker barley prices and stronger deferred live cattle prices limited any slippage. The calf market continues to be in price […] Read more
Export demand improves for Ontario soybeans
Soybeans yields look good and crush margins favour soybeans over canola
The Ontario growing region received 85 to 115 per cent of normal precipitation in August and the southern region around Windsor had over 150 per cent of normal rainfall. Temperatures were 2 C to 3 C below normal. For the most part, Ontario received normal precipitation with cooler than normal temperatures resulting in optimal conditions […] Read more
Klassen: Feeder market continues to consolidate
U.S. feeder cattle supplies seen tighter than expected
Compared to last week, western Canadian grass yearling prices were relatively unchanged. Yearlings over 800 lbs. on light grain rations or on diets mixed with silage were priced at $5 to as much as $20 discount to those cattle coming straight off pasture. Larger groups of uniform quality continue to trade at a minor premium […] Read more
Klassen: Feeder market shrugs off lower barley production
Barley exports, domestic demand expected to be reduced
Compared to last week, western Canadian yearling markets traded $2-$3/cwt on either side of unchanged. Prices for calves were also unchanged from average values seven days earlier. Calf markets are becoming more defined as volumes increase. There also appeared to be larger volume of high-quality yearlings available, which was a surprise. The drought hasn’t significantly […] Read more
Corn crop projection increased
Wheat market at seasonal low, and moving wheat out of Russia is becoming more difficult
From July 15 through Aug. 14, the Ontario growing region received 85 to 115 per cent of normal precipitation. Certain pockets northeast of Toronto received 150 to 200 per cent of normal rainfall. Temperatures were 2 to 3 C below normal. Ontario corn and soybean crops continue to develop under optimal conditions so we’ve increased […] Read more
Klassen: Calf numbers down in Western Canada
StatCan figures a surprise to the trade
Compared to last week, western Canadian yearling markets were relatively unchanged. Yearlings straight off grass were very well bid and prices held value. Yearlings over 800 lbs. on light grain ration were quoted $15-$20 discount to those cattle coming straight off pasture. We’re seeing heavier calves around 800 lbs. trade at $330-$340. Increased calf numbers […] Read more
Klassen: Feedlots aggressively secure ownership
StatCan cattle inventory report due out soon
Compared to last week, yearlings straight off grass sold $3-$5 higher on average. In certain cases, larger groups of higher quality genetics traded $8-$12 above week-ago levels. Auction markets had larger volumes this past week and there was strong demand across all weight categories. It’s that time of year when major operations are stepping forward […] Read more
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