Compared to last week, western Canadian yearling prices were $6-$8 higher on average while calves were unchanged to $4 higher. Strength in fed cattle prices was the main factor driving the feeder cattle market this week. Alberta direct fed cattle sales were reported on a live basis from $150 to $153 f.o.b. the feedlot, up […] Read more
Klassen: Feeder market recovery continues
Strength in fed cattle prices the main driver
Brazilian currency drop, China purchase of U.S. soy weighs on Ontario demand
Ethanol production increases again as global economy slowly improves
Ontario farmers had planted 75 per cent of the corn crop and approximately 48 per cent of the soybean crop as of May 17. Over the past 30 days, the Ontario crop region has received less than 60 per cent of normal precipitation and temperatures have been five to 10 degrees Celsius below normal. While […] Read more
Klassen: Feeder cattle markets reflect mixed tone
U.S. corn offered into southern Alberta
Compared to the previous week, western Canadian yearling prices were $2-$4 higher on average while calves traded unchanged to as much as $8 lower. Larger feedlot operations were actively bidding for 800-plus-lb. feeders across the Prairies due to the limited supply. Lower volumes were available this past week which was supportive for the market. Southern […] Read more
Klassen: Feeder market jumps on renewed optimism
Weekly slaughter pace improving
Compared to last week, western Canadian feeder cattle over 800 lbs. traded $8-$10 higher while lighter weight categories were up $4 to as much as $12 in some cases. Feeder cattle under 800 lbs. were very well bid across the Prairies; feeder cattle under 700 lbs. are now trading at prices similar to late February, […] Read more
More U.S.-China trade spats could hit crop prices
North American crop planting is ahead of normal
We estimate that Ontario farmers will have planted 50 per cent of their corn and 10 per cent of their soybeans by May 10. The crop planting pace is in line with the average planting dates for Ontario. Quick look Soybeans: Three million acres of soys in Ontario is about the same as the five-year […] Read more
Klassen: Feeder market banks on fed cattle recovery
Compared to last week, western Canadian yearling prices were $4 higher to $4 lower, with the exception of southern Alberta where quality packages were unchanged to $6 higher. Calves and grass cattle traded $2 lower to as much as $5 higher. Certain auctions in Western Canada reported calves trading $4 to as much as $8 […] Read more
Klassen: Yearlings trade lower, calves ratchet higher
Compared to last week, western Canadian yearling prices were $4-$6 lower; mid-weight feeder cattle traded $2 higher to $4 lower. Lighter calves and grassers were quite variable. In Alberta, these cattle ranged from unchanged to as much as $8 higher on average while in the eastern Prairie regions, calves traded $4 lower to $4 higher. […] Read more
South American new crop weighs on global markets
Ethanol plant closures in U.S. reduce demand for corn
World corn and soybean markets are under pressure due to favourable spring weather in the United States and strong competition from South America for export business. Weaker energy prices are also weighing on row crops. Quick look Soybeans: Ontario soybean crop is expected to drop by 100,000 acres. Corn: U.S. corn carryout is expected to […] Read more
Klassen: Yearling prices stay sluggish, calves hold value
Compared to last week, western Canadian yearling prices were steady to $4 lower; calves and grass cattle were relatively unchanged. Early in the week, the mood was quite depressing; yearlings were under pressure with feedlot buyers on the sidelines. By Friday, the market appeared to be well established. Backgrounding operators have been active sellers over […] Read more
Klassen: Uncertainty defines feeder market
'Hope' factor remains supportive
Compared to last week, western Canadian yearling prices were down $3-`$5 on average while calves were unchanged to down $2. Sales were characterized by low volumes and limited buying interest. Feedlot operators are hesitant to step forward in the current environment, with packing plants on both sides of the border reducing capacity. At the same […] Read more
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