For the week ending July 20, Western Canadian yearlings traded $8-$15 above prices from seven days earlier. Values for larger groups of quality calves were up $8 to $10 from a week earlier while run of the mill smaller packages were relatively unchanged.
Tag Archives alberta — page 13
Klassen: Feeder market leaps higher
Alberta crops holding their own for now
Alberta reported its crops were still in good shape despite temperatures pushing above 30 degrees Celsius and a lack of rain as of July 16. The report put the overall rating for the province’s crops at 74 per cent good to excellent, seven points above the five-year average.
ICE Weekly: Weather raising canola prices, trader says
Ken Ball of Ventum Financial Corp. in Winnipeg acknowledged that while dryness and warmer temperatures would be seen as beneficial in rain-drenched fields in Saskatchewan and Manitoba, heat stress on canola crops in Alberta would be aggravated. This has led traders to become a bit more bullish on the oilseed.
Prairie forecast: Prolonged heatwave expected
Forecast issued July 17, covering July 17 to 24, 2024
The second heatwave of the summer appears to be establishing itself across the Prairies. This heatwave looks to last the whole forecast period as a strong upper ridge builds over central North America. Intense heat will stretch from the southern U.S. to the Arctic ocean.
Alberta crop conditions steady at 74 per cent good-to-excellent
Warm temperatures helped keep crop conditions well above average in Alberta during the week ended July 9, although heat stress could become a concern without cooler temperatures and more precipitation in the weeks ahead, according to the latest provincial crop report.
Prairie forecast: More typical summer weather
Forecast issued July 10, covering July 10 to 17, 2024
For this forecast period, it looks like the upper ridge will slowly flatten and drop southwards as a series of weak lows track across the northern Prairies. This will result in a reduction in the extreme temperatures. Daytime highs and overnight lows should fall back to more seasonable values.
Klassen: Buyers tasting feeder cattle prices for fall run
For the week ending July 2, Western Canadian yearling prices were steady to $5 higher compared to seven days earlier for larger packages. Small groups of 800-pound-plus cattle were $10 to $15 discounted to pen-sized lots. Calf markets were relatively unchanged from the prior week, although volume was limited. There is significant open demand for yearlings and finishing feedlot operators are watching how prices develop.
Alberta crops doing quite well
Crops throughout Alberta stood at 75 per cent good to excellent as of July 2, according to the latest crop report from the provincial agriculture department. That was eight points above the five-year average despite cooler than normal temperatures and delayed crop development due to excessive rain for most of the province so far this year.
Prairie forecast: A switch in the weather pattern?
Forecast issued July 3, covering July 3 to 10, 2024
Over the last couple weeks, I've been asked repeatedly, “when will summer actually get here?” This is especially true over the eastern Prairies. It just doesn't and hasn’t felt like summer yet. Well, it looks like the cool, unsettled weather pattern will be breaking down during this forecast period. This will allow much more summer-like temperature to move in.
Klassen: Light volumes characterize feeder market
For the week ending June 29, Western Canadian yearling and calf markets were unchanged from seven days earlier. Many auction barns are in holiday mode and volumes were light, making the market hard to define. Late blooming stragglers and off grade calves were common.
Cyber-Savvy Farmer
