CNS Canada — Lethbridge feed barley should be seeing its largest premium over fall and winter months, but so far this year the market’s spring rally has been limited. “This year all we’ve seen is a $5 to $10 per tonne move higher,” said Jim Beusekom, analyst at Market Place Commodities. “So it’s pretty minimal […] Read more
Tag Archives feedlots — page 37
Lethbridge feed barley’s spring rally muted
Limited selling, buying leave feed barley flat in Lethbridge
CNS Canada — Lethbridge’s feed barley market is sitting stagnant, as feedlots quit hand-to-mouth buying and farmers hold onto their grain. Farmers who stored their feed barley post-harvest don’t want to sell at current prices, despite relative strength, said Jared Seitz, trade manager for Agfinity at Stony Plain, Alta. “It’s not so much that prices […] Read more
Cattle placed in U.S. feedlots jump to eight-year high
Chicago | Reuters — The number of cattle put into U.S. feedlots in February climbed 10 per cent from a year earlier to their highest level for that month in eight years, according to a government report released Friday. The placement results, which shed light on future prices for cattle and beef, surpassed industry forecasts […] Read more
Klassen: Uncertain beef demand weighs on feeder market
The prolonged period of negative feeding margins continues to set a tone in the feeder market. Alberta packers were buying limited numbers of fed cattle this past week with dressed sales in the range of $280 to $283, down nearly $10-$14 from two weeks ago. This appears to have spilled over into the feeder market, […] Read more
Cargill moves to cut antibiotic use in cattle by 20 per cent
Reuters — Cargill, a top U.S. meat processor, is trimming the use of antibiotics in its cattle supply amid concerns among some doctors and consumers about risks to humans from antibiotic-resistant bacteria. The company on Feb. 26 started eliminating 20 per cent of antibiotics deemed important for human medicine and farm animals from its four […] Read more
Klassen: Buyers risk-averse on feeder cattle
Western Canadian feeder cattle markets were trading $5-$10 below values seven days earlier. Sharper declines were noted on heavier replacements over 800 lbs., which at times sold for $15 below week-ago levels; quality mid-weight feeders in the range of 600 to 800 lbs. were down $8 on average. Eastern Prairie markets held value on feeders […] Read more
Cattle placed in U.S. feedlots in January dip from last year
Chicago | Reuters — The number of cattle moved into U.S. feedlots in January slipped one per cent from last year, according to a government report on Friday, nearly matching average industry forecasts. Feedlots were cautious about buying calves, or feeder, cattle while struggling to recoup 14 straight months of lost profits, partly blamed on […] Read more
Klassen: Feedlots risk-averse on feeder cattle purchases
Western Canadian feeder cattle markets experienced a softer tone over the past week. Alberta prices were generally steady to $4 lower while in the eastern Prairies, markets were $4 to $7 below week-ago levels. The weaker tone in the deferred futures, along with the stronger Canadian dollar, were the main factors weighing on feeder values. […] Read more
Feed barley market steady, gains expected in spring
CNS Canada — The feed barley market is holding relatively steady in Alberta early in the New Year, but advances are expected looking ahead to the spring. “There has been a fair bit of selling (over the past few weeks) but that hasn’t really pressured prices down any further,” said Jared Seitz of grain brokerage […] Read more
Klassen: Fed cattle bounce stabilizes feeders
Alberta fed cattle prices jumped to three-month highs, reaching $174 over the past week, setting a positive tone for feeders to start off the New Year. Retailers appear to be featuring beef at discounted prices, alleviating the bloated beef pipeline. Wholesale prices also ratcheted higher, reflecting the improving demand. While pen closeouts remain in negative […] Read more
Cyber-Savvy Farmer
