Compared to last week, western Canadian yearling markets were relatively unchanged with the exception of southern Alberta where 800-plus-lb. feeders traded $5 to as much as $8 higher. Strength in deferred live cattle futures and weakness in barley prices were the main factors driving demand in the Lethbridge area. The U.S. Department of Agriculture’s bullish […] Read more
Tag Archives feed barley — page 12
Klassen: Yearling prices remain firm
Feed weekly outlook: Barley’s slide slows as harvest drags
MarketsFarm — The slide in western Canadian feed grain prices over the past few months shows signs of slowing, as concerns over harvest delays supplant earlier concerns over large crops and quality downgrades. “The weather over the next week or so doesn’t look that great,” Allen Pirness of Market Place Commodities in Lethbridge said Thursday. […] Read more
Feed weekly outlook: Market not bottomed yet
MarketsFarm — Falling feed grain prices in Western Canada have not hit the bottom just yet, especially as harvest delays lead to quality downgrades. “I would say it’s coming down quite a bit more,” said Mike Fleischhauer of Eagle Commodities in Lethbridge. The barley and wheat harvests are running behind normal in both Saskatchewan and […] Read more
Klassen: Feeder market experiences softer demand
Compared to the previous week, western Canadian yearling markets traded $4-$6 lower on average; calves were down $5 to as much as $10 in some cases. U.S. feeder cattle markets were also down $5-$8 from seven days earlier. The extended period of negative feeding margins appears to be taking a toll on the feeder market. […] Read more
Ample world malt barley supply to limit export prices
MarketsFarm — Canadian malt barley growers may be dealing with adverse harvest conditions that could lead to quality downgrades in some areas — while world supplies of the key beer ingredient remain more than sufficient to meet global demand. “There’s no real indication at this time that we’ll see a significant up move (in price),” […] Read more
As harvest drags on, malt barley quality uncertain
MarketsFarm — The quality of Canada’s 2019-20 barley crop remains to be seen, as cool and wet harvest conditions across much of the Prairies are raising concerns over how much will meet malt specifications. “We’ll lose a lot of malting barley this year, because of the weather,” said Peter Watts, managing director of the Canadian […] Read more
Feed weekly outlook: Barley bouncing back, reducing need for corn
MarketsFarm — This year has been proving good for barley, according to trader Allen Pirness of Market Place Commodities in Lethbridge. “A lot of acres went in and that takes the edge off of supply,” Pirness said of the barley crop throughout southern Alberta. There had been a switch to corn in feed rations last […] Read more
Feed weekly outlook: New-crop expectations weigh on bids
MarketsFarm — Feed grain bids in Western Canada have trended lower over the past month amid expectations for large barley production and concerns over possible downgrades to wheat quality. “We’ve definitely seen (barley prices) soften up quite a bit,” said grain broker Nelson Neumann of Agfinity at Stony Plain, Alta. New-crop feed barley is trading […] Read more
Klassen: Feeder cattle market recovers
Compared to last week, western Canadian yearling markets traded $4-$6 higher on average; some packages in Alberta sold $8 to as much as $10 above week-ago levels. Larger feedlot operations were very aggressive on 750- to 900-pounders. The quality of yearlings is excellent at this time of year. Comments from the front row suggest most […] Read more
Feed weekly outlook: Old-, new-crop barley prices converge
MarketsFarm — Feed grains prices have been softening as old-crop and new-crop prices converge during harvest. Tracy Green, a grain broker with Market Master Ltd. in Edmonton, said Feedlot Alley is “well-covered” and waiting for harvest. However, buyers in central Alberta are seeing prices around $237 delivered for old-crop barley. For deliveries into Lethbridge for […] Read more
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