Just when I thought feeder cattle prices were stabilizing, once again the unexpected occurs. A sharp rally in U.S. grain futures, along with weaker fed cattle prices, caused western Canadian feeder cattle to trade $6-$12 lower compared to week-ago levels. Auction markets reported limited buying interest, with often only two or three larger feedlots stepping […] Read more
Tag Archives feed prices — page 5
Klassen: Limited buying interest softens feeder market
Klassen: Feedlot operators throw in towel on feeder market
Weaker wholesale beef values, along with softer fed cattle prices, set a negative tone for the feeder cattle market this past week. Western Canadian feeder markets were trading $4-$8 below week-ago levels, with calves trading as much as $10 lower in some cases. Producers can become nauseous watching these live cattle futures, but this is […] Read more
Feed: China expected to cut back on corn stockpiles
CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Friday, Oct. 23. • Corn futures at the Chicago Board of Trade were down one to two cents in early activity on Friday as strength in the U.S. dollar weighed on the commodity. • Cash prices for delivered […] Read more
Hay prices stabilize in Sask., Man.
CNS Canada –– Timely rains have drastically improved the forage crop outlooks for Saskatchewan and Manitoba, while also putting prices back into their normal ranges. “Skyrocketing hay prices have stabilized… supplies are good,” said Terry Kowalchuk, a provincial forage crop specialist in Regina. Prices are mostly back down into the $80-$100 per tonne range, he […] Read more
Prairie feed wheat relatively strong against milling wheat
CNS Canada –– Relative strength in the feed wheat market in Western Canada compared to milling wheat is making feed channels a more attractive option for some growers with lower-end milling wheat left to sell. “Right now, feed is pretty well on par with a lot of the base milling-grade wheats,” said Jared Seitz, trade […] Read more
Cattle prices seen as strong for year to come
CNS Canada –– Canada’s cattle industry should continue to see high prices for animals at auctions over the next year or so while operators try to rebuild their herds, industry participants predict. “Typical risks for cattle prices are the Canadian dollar and feed costs for cow-calf producers and feeders,” said Brian Perillat, a manager and […] Read more
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