The western Canadian feeder market was hard to define last week due to the small volumes. Small groups under 10 head were quite common and in many cases, one to three head were running through the ring. Discounts were quite severe on these stragglers; however, quality feeder cattle traded at similar levels to last week. […] Read more
Klassen: Feeder market looking firm for fall
Klassen: Feeder market in summer mode
Set-aside program not having much effect yet on prices
Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Volumes are quite thin at this time of year, which makes the market hard to define. Steady demand surfaced on quality groups of yearlings and calves, while late stragglers and heavier-flesh feeders were severely discounted. Pasture conditions are favourable across the Prairies and […] Read more
Large jump in U.S. soy acres didn’t materialize
Corn acres also didn’t rise as much as expected in latest USDA report
Weather has been mostly favourable for Ontario wheat, corn and soybean crops over the past month. Average type temperatures have materialized while precipitation levels are quite variable. Northern counties have received above normal precipitation while the counties in the south including Kent, Middlesex, Elgin and Norfolk are on the dryer side. The region around Ottawa […] Read more
Ontario corn exports increased in late spring
The improvement is in contrast to falling exports of corn out of the U.S.
Over the past 30 days, the Ontario growing region has experienced normal temperatures and received average precipitation. There are some dryer pockets in the eastern counties closer to Ottawa. After a very cool April and May, the bulk of Ontario corn, soybean and wheat crops are developing under favorable conditions. The forecast for July calls […] Read more
Klassen: Feeder cattle market searching for direction
Feedlots expecting barley prices to drop
Western Canadian feeder cattle prices continue to trade in a sideways pattern. Compared to last week, prices were quoted $2-$3 on either side of unchanged. Most auction barns were on holidays last week and arenas that did hold sales experienced limited volumes. Therefore, the market was hard to define. U.S. feeder cattle markets were steady […] Read more
Klassen: Feeder cattle market experiences mixed tone
Compared to last week, western Canadian feeder cattle sold $2 higher to as much as $4 lower. Larger groups of uniform cattle once again carried a premium but the bulk of feeders were small packages of various quality. Buyers were more aggressive on the 700- to 850-lb. weight categories as they target the fed cattle […] Read more
Klassen: Feeder cattle market grinds lower
Compared to last week, western Canadian feeder cattle prices were steady to $4 lower on average. Small packages were available and buyers were picking away with subdued interest. There were some “green” strings of yearlings in Alberta and Saskatchewan which were well bid; however, most cattle were characterized by medium to smaller frames. Some of […] Read more
Klassen: Weaker fed cattle prices weigh on feeder market
Rain-soaked pens sidelined some Alberta feedlots
Compared to last week, western Canadian feeder cattle markets were relatively unchanged but a softer tone was noted in the non-major feeding regions. Most auction barns are in summer mode and the quality of feeders coming on the market is quite variable. However, at major centers in Alberta, healthy strings of yearlings were well bid […] Read more
Lower U.S. and European wheat forecasts support prices
U.S.-China trade uncertainty limits market movement
Ontario temperatures averaged 3 C to 5 C below normal throughout May, while most of the growing region received 40 to 80 per cent of normal precipitation. Crop emergence was delayed due to cool temperatures. Quick look Soybeans: Cheap Manitoba soys mean movement from west to Ontario. Corn: Ontario old crop corn pricing encouraged sales. […] Read more
Klassen: Canadian feeder market divorces from U.S. values
Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Lower volumes were on offer across the Prairies and the quality was quite variable at smaller sales. Many auction barns are in summer mode; however, there were decent volumes in the major feeding regions of Alberta. Strong feedlot demand was evident on quality […] Read more
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