Canada's abnormally dry winter is worsening drought conditions across the western provinces, where most of the country's oil, gas, forest products and grain are produced.
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Tag Archives alberta — page 22
Western Canada’s dry winter heralds worsening drought for 2024
Oil and gas, hydro, forestry, sports affected alongside agriculture
Klassen: Yearling return to the lineup on strong demand
Frigid temperatures result in limited volumes
The market hasn’t missed a beat and started the year where it left in December. The only difference is there are larger supplies of yearlings coming on stream. The benchmark levels had backgrounded steers averaging 1,000 pounds trading from $280-$285/cwt with top bids rounding at $290/cwt. Steers averaging 850-pounds were averaging $300/cwt with top-notch larger groups peaking at $305.
Feed grain weekly outlook: More U.S. corn deliveries to feedlots
Frigid temperatures unlikely to disrupt grain deliveries, analyst says
The New Year still hasn’t whetted the appetite for corn from the United States to Alberta feedlots.
Prairie forecast: Frigid temperatures moving in
Issued Jan. 10, 2024, covering Jan 10 to 17
Coldest temperatures look to be over the western prairies but there looks to be some relief from the really cold temperatures early next week. With cold arctic high pressure dominating, little in the way of snow is expected during this forecast period.
Klassen: Cattle producers anxious about 2024
No sales the first week of 2024 as markets assess inventory, plan strategy
The holiday break for the cattle market is analogous to an the intermission between periods of hockey game. Feedlot operators assess inventory and to focus on the market structure. They’re planning their purchase strategy for the next couple months.
Prairie spring wheat bids start year on a soft note
The Canadian dollar again weakened relative to the greenback
Spring wheat bids in Western Canada moved lower during the first week of 2024, as losses in the United States futures more than countered the supportive influence of a weaker Canadian dollar.
Feed weekly outlook: Several factors weighing on prices
Warm weather means less feed needed, easier movement says analyst
Feed grain prices across the Canadian Prairies are expected to continue falling back for the next few months due to a number of reasons, according to Evan Peterson of JGL Commodities in Saskatoon, Sask.
Prairie forecast: Winter temperatures moving in
Issued Jan. 03, covering: Jan. 3 – 10
Looking at this forecast period, the best way I can describe it is that we will be seeing a slow slide into more seasonal temperatures. The persistent upper-level ridging that brought warm--and record warm temperatures--to much of the prairies in December has broken down. The weather models are showing a trough of low pressure developing over the west coast over the next seven days.
Klassen: Feeder market quiets at year-end
Feeding margins have moved into negative territory, setting a negative tone for replacements
The last full week of 2023 was characterized by lower volumes and limited buying interest. Feedlot operators don’t want to weigh down schedules of hired hands over the holidays. Many auction barns were closed for the season while some held bred cows and bred heifer sales.
Prairie forecast: One more week of above average temperatures
Issued Dec. 27, covering Dec. 27 to Jan. 3
As we head into a new year, it's looking like this could be the last mild forecast period before a switch to a more typical winter weather pattern.
As usual, there is always a fair bit of uncertainty in forecasts beyond seven or so days, but we all knew that at some point we'd see some cold wintery weather move in.
Cyber-Savvy Farmer
