Western Canadian feeder prices were not immune to the meltdown of financial and commodity markets last week. Buyers appeared to incorporate a risk discount due to uncertainty in beef demand over the next few months. Compared to last week, larger groups of quality yearlings traded $3-$5 lower while smaller packages were down $4 to as […] Read more
Klassen: Coronavirus fears weigh on feeder markets
Klassen: Calves remain firm while yearlings falter
Compared to last week, western Canadian yearling markets traded $3-$5 lower while calves and grassers traded within $5 on either side of unchanged. Calves were extremely variable with similar weight cattle sometimes trading $6-$8 apart at the same sale. Supplies of calves coming on the market appear to be lower than last year. This may […] Read more
Canadian dollar cushioning soy, corn prices
Oilseed crush has favoured canola over soybeans in Canada
Ontario wheat, corn and soybean prices are relatively unchanged, compared to two weeks ago. It’s that time of year where the grain and oilseed markets are focused on demand and South American growing conditions. Quick look Soybeans: Global soybean futures functioning to encourage demand. Corn: Local markets are encouraging corn imports. Wheat: Risk premium in […] Read more
Klassen: Calf prices divorce from yearling markets
Compared to last week, yearling prices were steady to as much as $4 lower depending on the region in Western Canada. Alberta packers were buying fed cattle at an average price of $252 on a dressed basis, down $6-$8 from last week and down about $20 from the last week of January. Weakness in fed […] Read more
Klassen: Uncertain beef demand weighs on feeder market
Compared to last week, western Canadian prices for yearling and heavier calves were down $2-$4 on average. The calf market was hard to define; Alberta markets traded $3 lower to $4 higher but notable strength was evident in Saskatchewan and Manitoba where values were steady to $4 higher. Favourable weather contributed to higher auction market […] Read more
U.S.-China deal could be bad news for Ontario soybeans
To meet deal requirements, China would have to buy most of its soybeans from U.S.
The Ontario wheat market remains firm due to tight old crop stocks and uncertainty in new crop production in Europe, Russia and Ukraine. Quick look Soybeans: Canadian soybean exports down versus year ago. Corn: Available stocks of corn are tight in Ontario. Wheat: Global factors are adding strength to the market. Local corn prices have […] Read more
Klassen: Feeder market remains under pressure
Compared to last week, western Canadian feeder cattle prices were steady to $3 lower in Alberta while prices eroded by $2-$5 in Saskatchewan and Manitoba. Noticeable weakness was evident in yearling prices, while grass cattle experienced limited slippage. Backgrounding operators are starting to liquidate fall-placed calves. Quality was quite variable, with fleshier cattle experiencing sharper […] Read more
Klassen: Feeder market lacks buying interest
Compared to last week, western Canadian feeder cattle markets traded $2-$5 lower on average. Values in Alberta were relatively unchanged but markets in the eastern Prairie regions appeared to trade $4 to as much as $6 below week-ago levels. Alberta yearlings were relatively unchanged, but noticeable slippage was noted in the non-major feeding regions. Feedlots […] Read more
Ending stocks drop driving long-term wheat market optimism
The Huawei executive trial could influence the Canadian soybean market
Ontario wheat, corn and soybean prices are relatively unchanged from early January. Ontario soft red winter wheat stocks will be historically tight at the end of the 2019-20 crop year, which has been supportive for domestic wheat prices. Quick look Soybeans: Ontario soybean prices supported by lower imports from the U.S. Corn: Strong northern U.S. […] Read more
Klassen: Large feedlot inventories lower feeder demand
Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged and mid-weight feeders (600-850 lbs.) were steady to $2 lower, but calves under 600 lbs. were unchanged to as much as $10 lower. Prices were quite variable across the Prairies, which made the market hard to define. The market appeared […] Read more
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