CNS Canada — Demand has shifted at Alberta feedlots this year with more forward contracting and less business taking place in the spot market, according to an analyst. “In a lot of years we’ve seen the demand has stayed in the spot market but this year there were more forward purchases that were done by […] Read more
Tag Archives feed prices — page 4
Feed weekly outlook: Demand shifting at Alberta feedlots
Feed wheat, barley surplus could last until summer
CNS Canada — Supplies of feed wheat and barley in Western Canada continue to compete for a home in Lethbridge’s feedlot alley. For the past few months markets have been grinding lower due to the large volumes of low-quality feed and other grains that are being unloaded by farmers. At least one industry expert believes […] Read more
Low-quality feed being dumped on market
CNS Canada — Prices for feed barley and wheat don’t appear ready to spike anytime soon, as farmers across Western Canada continue to dump supplies containing high concentrations of vomitoxin and fusarium into feedlots. “Steady as it goes here is the tone,” said Allan Pirness of Market Place Commodities in Lethbridge. “We’re looking to clean […] Read more
Western Feedlots closure seen hurting prices
Winnipeg | Reuters — The closure of one of Canada’s biggest cattle feedlots is likely to depress prices of young cattle and the grains used to fatten them, and may increase sales to the U.S., industry officials say. Alberta-based Western Feedlots said Wednesday it will shut feeding operations early in 2017, citing poor market conditions […] Read more
Overcrowded feed market eats into profitability
CNS Canada — Alberta’s feed grain market is overcrowded with sellers, driving prices lower in a trend one market participant says is expected to stay for the near-term. “Farmers keep asking if there’s a lot of grain out there, and that’s not really the main reason markets are falling off,” said Jared Seitz of Agfinity […] Read more
Klassen: Feeder cattle market comes back to life
Western Canadian feeder cattle prices were $4-$6 higher on average — in some cases as much as $10 higher in the major feeding regions of Alberta. A couple of auction barns held their first yearling sale of the year and optimism returned with a vengeance. A minor bounce in feeder and live cattle futures along […] Read more
Klassen: Feeder cattle market seeking stability
Western Canadian feeder cattle prices continued on a downward trajectory trading $3-$5 below week-ago levels. Erratic buying interest resulted in inconsistent price action across the Prairies which made the market difficult to define. Smaller groups of various quality cattle were on offer, justifying the softer tone, but feedlot operators demonstrated unwavering fortitude even on genetically […] Read more
Sluggish demand, ample supplies eat into Lethbridge feed prices
CNS Canada — Lethbridge feed wheat and barley prices have dropped after a muted spring rally — and they’re likely to stay low throughout the summer, market participants say. “They have a weak tone to them. I think a lot of it is lacklustre demand domestically,” said Allen Pirness, trader at Market Place Commodities in […] Read more
Klassen: Feeder cattle market holds value
Western Canadian feeder cattle prices were steady to $5 higher over the past week on limited volumes. Stragglers from backgrounding operations and late-blooming calves set a reserved tone amongst buyers with large price variations at different regions of the Prairies. Feedlot margins are hovering around breakeven and there appears to be solid demand underneath the […] Read more
Klassen: Downward price trend continues for feeder cattle
The feeder cattle market feels like a falling dagger — and trying to pick a bottom can be painful. Western Canadian auction markets saw heavier replacements over 800 lbs. fall $8-$12 compared to last week; calves were generally $5-$8 below week-ago levels. Feedlot buying interest was once again limited to two or three major operations […] Read more
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