Klassen: Higher feed grain prices continue to pressure feeders

Reading Time: 2 minutes Compared to mid-December, western Canadian yearlings traded $3-$5 lower; mid-weight calves are down $4-$6 while calves under 550 lbs. remained firm. Buyers exhibited a defensive tone on heavier yearlings and discounts were more severe on fleshier cattle last week. There is absolutely no risk appetite for 850-plus-lb. cattle at this time of year. Demand for […] Read more

Soybeans have continued to climb in value at the end of 2020.

Drier South American conditions supporting soybean prices

Russia planning tariffs on grains as of February

Reading Time: 6 minutes Statistics Canada’s final crop survey confirmed above-average yields for Ontario corn and soybeans; however, winter wheat yields came in similar to the five-year average. Quick look Soybeans: Ontario 2020 production was higher than the five-year average. Corn: Corn production in Ontario is up .3 million tonnes over the five-year average. Wheat: Canadian non-durum wheat stocks […] Read more

Klassen: Feeder cattle prices digesting uncertainty

Defensive tone likely through January

Reading Time: 2 minutes The feeder cattle market was very quiet during the last week of December with auction barns in holiday mode. There were discussions regarding direct sales but no actual business was confirmed. The stakes are too high given the market uncertainty; a defensive tone will likely continue throughout January. Feed grains continue to percolate higher; the […] Read more

Klassen: Lighter calves end year on positive tone

Reading Time: 2 minutes Compared to last week, Western Canadian feeder cattle prices were $2 lower to $3 higher depending on the region. Many auction markets were in holiday mode last week and thinner volumes made the market harder to define. Generally speaking, the market was supported by stronger deferred live cattle futures and a slightly weaker Canadian dollar; […] Read more

Klassen: Fed cattle prices supporting calf market

Reading Time: 2 minutes Alberta packers were buying fed cattle in the range of $139 to $140 last week, up $1 to $2 from seven days earlier. Strength in the nearby fed cattle market along with the recent rally in the live cattle futures has been supportive for calves under 600 pounds.  Compared to last week, Western Canadian yearling […] Read more

Klassen: Feeder cattle market volatility continues

Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $3 lower to $3 higher. Prices were generally steady to $3 higher on Friday after the U.S. Department of Agriculture lowered its estimate for second-quarter beef production by 125 million lbs. in Thursday’s world agricultural supply and demand estimates (WASDE). Fed and feeder cattle futures […] Read more

Ontario soybean exports have jumped as has domestic usage.

The top is likely in for soybean markets

Analyst predicts there is still more room for growth in corn prices

Reading Time: 6 minutes At the beginning of December, Ontario elevator spot soybean bids were hovering around $15 per bushel, up 40 cents per bushel from mid-November and the highest levels since June 2016. Quick look Soybeans: Exports and domestic usage both up from 2019. Corn: Ontario corn exports are 10 times greater than last year. Wheat: Russian government […] Read more

Klassen: Feeder market stabilizes on demand hopes

Reading Time: 2 minutes Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier; however, market reports were quite variable depending on the region and weight category. In most cases, prices for calves under 550 lbs. were $2 to as much as $10 higher while values in the heavier weight categories were $3 lower to $3 […] Read more

Soy and corn markets are focused on the future South American crop.

Increased soybean prices drive farmer sales

Ontario corn values are competitive with the global market, which should encourage sales

Reading Time: 6 minutes Ontario corn and soybean prices have been percolating higher over the past month. Domestic demand is moving through seasonal highs while exports are running above year-ago levels. Farmers harvested the crop in a timely fashion, however, year-to-date deliveries into the commercial system have been similar to year-ago levels. Recently, we’ve seen an increase in farmer […] Read more