MarketsFarm — Prices for feed barley and wheat in Western Canada are still higher than this time last year, but if large declines in those prices are any indication, the 2022 harvest is set to be more typical than that of 2021. The high-delivered bid for Saskatchewan feed barley is $8 per bushel, $1 lower […] Read more
Tag Archives feedlots — page 14
Feed weekly outlook: New-crop supply outlook ‘significantly better’ as prices drop
Klassen: Tighter fundamentals support feeder complex
Compared to last week, western Canadian yearling prices were steady to $2 higher on average while calf markets were up $2-$4. There was an increase in activity over the past week, although many auction barns remain in holiday mode. Major feedlot operators in southern Alberta were extremely aggressive on yearlings fresh off grass and this […] Read more
Feed weekly outlook: Grains under pressure awaiting new crop
Farmers 'digging in and being patient'
MarketsFarm — Feed grain bids in Western Canada continue to come under pressure, as feedlots chew through corn imports from the United States and wait on the new-crop harvest. “We’re certainly seeing things soften,” said grain trader Shaun Smith of Market Place Commodities in Lethbridge. Declines in the Chicago futures and good Prairie growing conditions […] Read more
Klassen: Feeder cattle trade at 52-week highs
New-crop feed grain values under pressure
Compared to last week, western Canadian yearlings traded steady to $2 higher with exceptional demand noted on steers over 700 pounds. Calf values were mixed in Alberta with markets trading $2-$4 on either side of unchanged; however, prices were steady to $4 higher in Saskatchewan and Manitoba. Small groups of various quality characterized the feeder […] Read more
Klassen: Feeder cattle trend higher, favourable beef outlook
Compared to last week, Western Canadian yearlings traded $8 to as much as $12 higher; mid-weight feeders in the range of 700-800 pounds were also $8-10 higher. Calves under 700 pounds were unchanged to $6 higher. The feeder market took a fortuitous bounce last week. Major feedlots were extremely aggressive on yearlings while supplies were […] Read more
Klassen: Barley price forecasts enhance feeder cattle demand
Recent rains nearly guarantee at least average yields
Compared to last week, western Canadian yearling prices were relatively unchanged. Heifer and steer calves were quoted steady to $3 lower on average but the market was harder to define due to limited numbers. Small packages of calves of various quality resulted in the wide-ranging price structure. Buying interest for grassers appears to have subsided. […] Read more
Feed weekly outlook: Rains boost Prairie grain prospects
MarketsFarm — Heavy rains in Alberta and western Saskatchewan over the past week should give grain crops a good start to the growing season — and put some pressure on the feed grain market, which remains at historically high prices after last year’s drought. The rain “will kick the production can a fairly good ways […] Read more
Klassen: Rains enhance demand for grass cattle
Deferred cattle futures showing strength
Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged; steer calves under 700 lbs. were steady to $2 higher on average; heifer calves were steady to $5 higher. Southern Alberta, along with the western half of Alberta, received 30-40 mm of rain over the week which enhanced demand for […] Read more
Feed weekly outlook: Prices slip slightly
MarketsFarm — There has been scant movement in feed grain prices over the last week, according to Susanne Leclerc of Market Master Ltd. in Edmonton, who noted demand has backed off a little. Buyers have stepped away following rains throughout much of the province, including the drought-stricken south. In turn, she said, prices “softened slightly.” […] Read more
Feed weekly outlook: Rains forecast for southern Alberta
MarketsFarm — The prospect of rain over drought-stricken southern Alberta, with Calgary and Lethbridge possibly seeing at least 30 millimetres from June 4 to 7, would seem to be a godsend for growers. However, recent history suggests the moisture may not matter in the long term, according to Mike Fleischhauer of Eagle Commodities Ltd. at […] Read more
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