Compared to last week western Canadian yearling markets traded $3-$4 on either side of unchanged. The quality was quite variable resulting in the wide price structure; however, decent genetic and lower flesh packages were red hot. Feedlot operators were extremely aggressive on 700- to 800-lb. steers although higher weight categories were also well bid. Auction […] Read more
Klassen: Canadian feeder market divorces from feeder cattle futures
Timing of new-crop feed grains leads to shift
Feed weekly outlook: Wheat far more expensive
MarketsFarm — The price for feed wheat is exorbitantly much higher than for barley or corn, according to Jim Beusekom of Market Place Commodities in Lethbridge. While price reports into that area’s feedlot alley put feed barley at $465 per tonne and corn at $480, wheat is about $600, he said. Feed wheat “is trending […] Read more
Sky-high commodity prices to continue
Reading Time: < 1 minute Farm Credit Canada is forecasting that crop prices will continue to remain strong for the rest of the marketing year. “Some prices will ease off their recent highs, while canola, corn and soybean prices should increase,” the lender said in a market update earlier this month. The FCC forecast for canola is $990 a tonne […] Read more
Feed weekly outlook: Corn trading higher than barley
Seeding begins in Alberta
MarketsFarm — Imported corn from the U.S. is still the grain of choice for feedlots in southern Alberta, despite the fact feed barley is at a slightly lower price right now. Corn traded on Wednesday at around $480 per tonne ($12.19 per bushel) in Lethbridge, said Jim Beusekom, president of Market Place Commodities in Lethbridge. […] Read more
Klassen: Feedlot demand up prior to seasonal rally
Market for calves 'boiling hot' in Manitoba
For the week ending April 30, western Canadian feeder cattle prices were quite variable. Yearlings traded $8 lower as much as $5 higher. Severe discounts were noted on fleshier cattle; some auction barns reported the bulk of cattle over 800 pounds were medium to heavier flesh. Deferred live cattle futures were under pressure but the […] Read more
USDA attache predicts large 2022-23 grain crops for Canada
MarketsFarm — Canada is expected to see a 30 per cent increase in grain production in 2022-23, according to estimates from the U.S. Department of Agriculture’s Foreign Agricultural Service post in Ottawa. Expectations for improved yields for Prairie grain crops after the 2021-22 drought accounted for much of the projected increase, although USDA also cautioned […] Read more
Feed weekly outlook: Seeding on time in southern Alberta
MarketsFarm — As southern Alberta still reels from the effects of last summer’s drought, one trader expects spring seeding for feed grains to be on time. “I think it should be on schedule this year,” said Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. Planting has already started in some places around […] Read more
EU crops to face some challenges in 2022-23
MarketsFarm — Total grain production in the European Union is expected to decrease overall by 2.4 per cent in 2022-23, according to U.S. Department of Agriculture attachés throughout the multi-nation bloc. For the coming crop year, they forecast production to be 286.02 million tonnes of wheat, corn, barley, rye, oats, mixed grains and others. One […] Read more
Ukrainian farmers don bulletproof vests to plough frontline fields
Zaporizhzhia | Reuters — Ukrainian farmers in the southern region of Zaporizhzhia, which borders the frontline of the military conflict with Russia, are now wearing body armour to plough their fields. A week after the war started, grad rockets — bombs fired via a truck-mounted multiple-launch system — began falling right next door to the […] Read more
StatsCan predicts more Canadian wheat acres, less canola in 2022
Lentil, corn, soy acres are also expected up from 2021, barley down
MarketsFarm — Canada’s farmers intend to seed more acres to wheat and less to canola in 2022, according to the first survey-based estimates from Statistics Canada for the upcoming crop year released Tuesday. Canola area is forecast at 20.9 million acres by the government agency, which would be down by seven per cent from the […] Read more
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