Compared to last week, Western Canadian yearling steers traded $4 to $8 lower while heifers were down $2 to $4. Calves traded $5 to as much as $10 below week-ago levels. Feed barley in the Lethbridge area traded in the range of $390/tonne to as high as $415/tonne, up $25-$30/tonne from seven days earlier. Crop […] Read more
Klassen: Feed barley rally pressures feeder cattle market
July USDA report neutral for corn and soybeans but bullish for wheat
Ontario row crops are on pace for average yields if weather cooperates
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
Klassen: Feeder market stays firm
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
Klassen: Feeder market consolidates
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
Corn, soybean, wheat basis holds firm
Demand for old crop soybeans coming in below expectations
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
Klassen: Feeder market calm but firm
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
Average Ontario crops will depend on more timely rain
Winter wheat harvest is expected to be a week or more ahead of normal Over the past 30 days, Ontario has experienced normal temperatures. However, precipitation has been variable. The bulk of the region between Toronto and Ottawa has received less than 60 per cent of normal precipitation. A large pocket around Ottawa has received […] Read more
Klassen: Yearling prices consolidate, calf values soften
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
Klassen: Feeder market percolating higher
Weakness in feeder futures seen as temporary hiccup
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
Less demand means soybeans to hit seasonal low from now to October
Chinese demand for corn will be a large and unknown factor for the 2021 crop
Ontario farmers were in the final stage of planting corn and soybeans during the last week of May. The region between Toronto and Windsor has received less than 40 per cent of normal precipitation over the past 30 days; cropping area north of Toronto has received 40 to 60 per cent of normal precipitation. Timely […] Read more
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