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Tag Archives feedlots — page 12

(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Barley, wheat prices pull back

Truck shortage 'hasn't gotten any better'

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MarketsFarm — Prices for feed barley and wheat are coming down on the Prairies, said Susanne Leclerc of Market Master Ltd. in Edmonton — and a big part of that trend is the lack of demand for either commodity. “Buyers are fairly well covered. There seems to be a lack of desire for buyers to […] Read more
CBOT March 2023 oats with 20- and 50-day moving averages. (Barchart)
Crops, Markets

Feed weekly outlook: Wheat, barley eschewed for other grains

Oats, corn finding demand as feed

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MarketsFarm — Feed wheat and barley prices in Alberta’s feedlot alley are coming down, largely due to the increasing presence of corn imported from the U.S. The high-delivered bid for Alberta feed barley on Wednesday was $9.80 per bushel, 11 cents lower than the previous week and 22 cents lower than one month earlier, according […] Read more
CME August 2023 live cattle (candlesticks) beneath CME December 2023 live cattle (top line), The spread between the two has been influencing the price structure for calves, Jerry Klassen writes. (Barchart)
Livestock, Markets

Klassen: Stronger deferred live cattle futures support feeder market

Fall run seen moving into final stages

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Compared to last week, western Canadian calf markets traded $5 lower to as much as $3 higher. Quality groups of heifers weighing 550-700 lbs. were notably $2-$3 higher and this was largely due to lower supplies of steers. Weather conditions improved in southern Alberta, which was supportive; however, buyers were cautious. Quality pre-conditioned calves held […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle up on firm cash, speculative buying

February lean hogs end lower

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) hit the highest in nearly three weeks on Friday, supported by firm cash cattle markets and what appeared to be speculative buying, analysts said. Most-active CME February live cattle futures settled up 0.45 cent at 155.85 cents/lb. after reaching 156.125 cents, the […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: More corn, oats in feed rations

'Very weird situation to be seeing again'

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MarketsFarm — As prices for feed barley and wheat increase, more feedlots are turning to corn, according to Susanne Leclerc of Market Master Ltd. at Edmonton. “A lot of places are switching to corn. The desirability of feed barley has been coming down,” she said. “So it will be interesting to see which way the […] Read more
(WPohlDesign/iStock/Getty Images)
Livestock, Markets

Klassen: Tighter supplies underpin western Canadian feeder market

Weather conditions may sway buying interest

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Compared to last week, western Canadian yearling prices were unchanged to $4 higher. Heavier calves notched a week-over-week gain of $2-$4. Mid-weight and lighter calves traded steady to $5 lower in Alberta but $4-$5 on either side of unchanged in Saskatchewan and Manitoba. Yearling numbers were limited and buyers paid up for quality packages while […] Read more

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