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
Klassen: Feeder market stabilizes on demand hopes
Increased soybean prices drive farmer sales
Ontario corn values are competitive with the global market, which should encourage sales
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
Klassen: Feeder market incorporates risk discount
Compared to last week, western Canadian yearling prices were unchanged; however, calves weighing 550 to 800 lbs. traded $3-$5 lower. The market for calves under 550 lbs. traded $5 lower to $3 higher. Early in the week, prices were showing some strength in the lighter weight categories but buying enthusiasm waned from Wednesday through Friday. […] Read more
Klassen: Calf prices ratcheting higher
Compared to last week, western Canadian yearling markets traded $2-$4 on either side of unchanged; mid-weight calves were also unchanged while lighter calves traded steady to as much as $6 higher. Alberta and Saskatchewan have experienced adverse weather over the past couple of weeks; however, feedlots in southern Alberta appeared to be more aggressive for […] Read more
Tighter global stocks should increase Canadian soy exports
A larger Ontario corn crop is making prices competitive
At the time of writing, Ontario farmers had mostly wrapped up the corn and soybean harvests. Final yield reports confirm earlier production estimates. There were no major quality or disease issues and that will enhance export demand. Farmers have finished planting winter wheat and conditions are favourable given the recent precipitation. Ontario corn and soybean […] Read more
Klassen: Feeder market experiencing bottoming behaviour
Compared to last week, western Canadian yearling prices were down $4-$6 on average; however, mid-weight and lighter calves traded $4 lower to as much as $8 higher. The market was extremely variable for calves. Early in the week, prices in the Lethbridge area were actually $10 above values from seven days earlier but this faded […] Read more
Klassen: Feeder market remains under pressure
Pre-election commodity trading in 'risk-off' mode
Compared to last week, western Canadian feeder cattle markets traded $2-$5 lower on average; calves under 650 lbs. appeared to trade $3-$8 lower with significant pressure on the weight category between 550 and 650 lbs. Moderate demand surfaced on quality yearlings but major operations appeared to back away from the cattle in the heavier weight […] Read more
Strong yields and prices make for good Ontario harvest
Global buyers look to build larger ending stocks
At the time of writing this article, Ontario corn and soybean harvests were in the final stages. Most of the growing region had received 60 to 80 per cent of normal precipitation from Sept. 15 through Oct. 15, providing optimal harvest conditions. Quick look Soybeans: Ontario prices increasing despite high yield harvest. Corn: Ontario corn […] Read more
Klassen: Feeder market grinds lower
'Is there no grain in this country?'
Compared to last week, prices for western Canadian yearlings weighing over 900 lbs. were down $4-$8 on average; yearlings weighing between 800-900 lbs. were down $2-$4; calves under 800 lbs. were down $8-$12, with the exception of Manitoba, where lighter calves traded $3-$5 below week-ago levels. Feedlot operators are asking, is there no grain in […] Read more
Klassen: Weather, COVID, feed grains pressure feeder market
Compared to last week, western Canadian yearling prices were $2-$4 lower on average; calves traded $2 to as much as $6 below week-ago levels. Southern Alberta received its first snowfall of the season last week, which hindered demand for fresh replacements. Feedlots always incorporate a risk discount when the first snowfall of the year materializes, […] Read more
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