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Tag Archives feedlots — page 24

(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Soft demand weighs on prices

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MarketsFarm — Feed grain prices on the Prairies remain soft ahead of spring planting, due to quiet demand from feedlots. “Feedlots are full of grain right now,” Brandon Motz of CorNine Commodities at Lacombe, Alta. said, explaining that there’s currently a lot of grain in feeding pipelines. “Spring replacement into feedlots has been really slow.” […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Bids pressured by lower demand

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MarketsFarm — Feed grain prices have remained soft, as feedlots in Western Canada are covered for the foreseeable future. Last week, prices for feed barley and feed wheat delivered in Lethbridge were around $230 per tonne, but have come down by about $10 since then, according to Allan Pirness of Market Place Commodities. While these […] Read more
Taste-testing during a Canadian Beef Advantage Seminar in Shanghai in 2013. (Canada Beef via YouTube)
Livestock, Markets

Klassen: Uncertain beef demand weighs on feeder market

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Compared to last week, western Canadian prices for yearling and heavier calves were down $2-$4 on average. The calf market was hard to define; Alberta markets traded $3 lower to $4 higher but notable strength was evident in Saskatchewan and Manitoba where values were steady to $4 higher. Favourable weather contributed to higher auction market […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

Klassen: Feeder market remains under pressure

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Compared to last week, western Canadian feeder cattle prices were steady to $3 lower in Alberta while prices eroded by $2-$5 in Saskatchewan and Manitoba. Noticeable weakness was evident in yearling prices, while grass cattle experienced limited slippage. Backgrounding operators are starting to liquidate fall-placed calves. Quality was quite variable, with fleshier cattle experiencing sharper […] Read more
Barley. (Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Rally likely to end soon

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MarketsFarm — After a bit of a rally for feed grain prices over the last three to four weeks, the feedlots are on the full side, said Brandon Motz of CorNine Commodities at Lacombe, Alta. “That normally means we back off a little bit,” he said, noting there hasn’t been an uptick in deliveries with […] Read more
CME April 2020 live cattle with 20-. 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle stumble to two-month low ahead of USDA report

Lean hogs follow cutout values higher

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Chicago | Reuters — U.S. live and feeder cattle futures dropped to their lowest prices in about two months on Thursday as traders adjusted positions before a government report that is expected to show an increase in supplies. Hog futures, meanwhile, advanced to their highest prices in about two weeks. The U.S. Department of Agriculture […] Read more
(WPohlDesign/iStock/Getty Images)
Crops, Markets

Feed weekly outlook: Best not to wait to sell

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MarketsFarm — As warmer winter temperatures are bound to happen, the sooner farmers can sell their feed grain the better, said Nelson Neumann, senior trader for Agfinity at Stony Plain, Alta. “There’s still a lot of high-moisture feed grain that’s in storage and frozen,” he said, commenting “I wouldn’t be surprised if we saw a […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Firm undertone to Prairie grains

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MarketsFarm — Solid demand from cattle feeders and ongoing logistic issues across the Prairies should keep a firm undertone in the feed grain market for the time being, according to an Alberta broker. “The feed market has definitely moved higher,” said Brandon Motz of CorNine Commodities at Lacombe, Alta., adding “demand is strong through feedlot […] Read more

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