Compared to last week, western Canadian feeder cattle prices traded $3-$4 on either side of unchanged. Small groups of various quality characterized sale volumes. There were a few packages of backgrounded yearlings that sold at decent levels. Finishing feedlots were fairly aggressive on groups in the 700- to 800-lb. category. Higher flesh levels have become […] Read more
Tag Archives alberta — page 63
Klassen: Feeder market stabilizes after December surge
‘Atypical’ BSE shows up in Alberta cow
Spontaneous case won't affect Canada's 'negligible risk' status, CFIA says
Updated –– Canada’s first case of BSE since the country achieved “negligible risk” status for the brain-wasting cattle disease isn’t expected to affect trade in Canadian beef. The Canadian Food Inspection Agency said Friday it has notified the World Organization for Animal Health (OIE) of a case of “atypical” bovine spongiform encephalopathy (BSE) in an […] Read more
Prairie cash wheat: Bids show small gains
Minneapolis, K.C. March wheats up on week
MarketsFarm — Growing drought concerns in the U.S. and improved export numbers led to higher bids for western Canadian wheat for the week ended Thursday. However, a mid-week selloff on the futures market held back some gains. The southern U.S. Plains, which are a growing area for hard red winter wheat, have been affected by […] Read more
Klassen: Higher fed cattle prices pull up feeder market
Compared to last week, replacement cattle over 800 lbs. traded $10-$15 higher; some quality packages were up $20 from week-ago levels. Feeder cattle weighing 600-800 lbs. traded $4-$8 higher; calves under 600 lbs. were up $6-$10 on average, with some packages in Alberta up as much as $15 from last week. Strength in the fed […] Read more
Prairie cash wheat: Lower U.S. prices pull back bids
U.S. March wheat futures down on week
MarketsFarm — Wheat bids in Western Canada retreated by double digits for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats, while those for Canada Western Amber Durum (CWAD) declined more moderately. Significant decreases in U.S. wheat markets and a stronger Canadian dollar combined to weaken Prairie prices. Average CWRS (13.5 protein) […] Read more
Precipitation eases drought conditions on Prairies
Hardest-hit Manitoba sees 'modest' improvements
MarketsFarm — Varied amounts of precipitation are either maintaining or alleviating drought conditions in much of the Prairies, according to the latest nationwide drought map from Agriculture and Agri-Food Canada’s (AAFC) Canadian Drought Monitor (CDM). The latest assessment for the period ended Nov. 30 showed very few areas of worsening drought in the region with […] Read more
Feed weekly outlook: Wheat, barley supplies tighten, replaced by corn
MarketsFarm — The further tightening of wheat and barley feed supplies is prompting feedlots to purchase more corn from the U.S., according to an Alberta-based analyst. “We’re nine months away, or almost 10 months away from more inventory coming in. There’s not much there for wheat and barley,” said Mike Fleischhauer of Eagle Commodities at […] Read more
Klassen: Feeder market stabilizes
Cow-calf producers selling sooner than normal
Compared to last week, western Canadian feeder cattle prices traded $2-$3 on either side of unchanged. Alberta packers were buying fed cattle on a dressed basis at $275 delivered; the Alberta fed market has rallied $10-$12 over the past couple weeks. Secondly, U.S. feeder cattle prices have also rallied US$10-US$12 during the same time frame […] Read more
Prairie cash wheat: Bids mixed, watching futures and currency
U.S. wheat futures down on week
MarketsFarm — Wheat bids across Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by the supportive influence of a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $5.20-$10.10 per tonne, according to price quotes from a cross-section […] Read more
Klassen: Feeder market making seasonal lows
Surge of Canadian cattle exports expected
Compared to last week, western Canadian feeder markets were down $2-$4 on average. Prices for feeder cattle in the eastern Prairie regions were relatively unchanged from seven days earlier; however, values in Alberta and western Saskatchewan were down $4 to as much as $8 in some cases. This variation made the market hard to define. […] Read more
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