MarketsFarm — As futures prices fall back, those for feed have been following, according to Jenny Redshaw, a trader with Agfinity at Stony Plain, Alta. “There are lots of things going on,” she said, noting demand has been somewhat lacklustre. “The feedlots aren’t breaking down any doors,” she added. With prices down across the board […] Read more
Feed weekly outlook: Grain prices coming down
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
Crop conditions in Alberta see remarkable turnaround
MarketsFarm – As the heydays of summer approach, Alberta reported that its crops were in good shape. The crop report placed all crops in the province at 75 per cent good to excellent, slightly above the five-year average. The rains throughout June were credited with the turnaround, but overall growth and development remained somewhat behind […] Read more
Wet weather affecting acreage numbers: analysts
MarketsFarm – With some parts of Western Canada experiencing delayed seeding due to wet weather, many analysts believe the conditions have caused a ripple effect on acreage totals for the 2022-23 marketing year. Statistics Canada (StatCan) will release its second survey-based acreage report for the 2022-23 marketing year on July 5. Traders and analysts are […] Read more
Feed weekly outlook: Decline in feed grain prices anticipated
MarketsFarm – Much-needed rains falling onto most parts of Alberta have created ideal growing conditions for feed grains in the province, which has already created a slight decline in prices. “Southern Alberta has been very, very dry, but we’ve had anywhere from four to six inches of rain over the last three weeks,” said Mike […] Read more
Extreme weather in Manitoba slows planting progress
MarketsFarm – Little progress was made in planting whatever acres remained in Manitoba as extreme weather made its way through the province for the week ended June 26. Provincial seeding progress sat at 93 per cent at a time of year when plantings would be complete, according to the Manitoba Crop Report released on June […] 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
Grain contracts a dilemma for farmers this year
Bad memories are front of mind for farmers as they consider how much grain to contract
Reading Time: 3 minutes Seize the day — or sleep soundly at night? That’s a dilemma faced by many producers as they ponder the always tricky question of signing a delivery contract for crops that are a long way from being harvested. “Don’t bite off more than you can chew and be patient,” said Jay Schultz, who operates a […] Read more
Alberta crops improve with rain
MarketsFarm – Drought conditions that devastated crops in Alberta last year and were poised to do the same this year are becoming something in the past, according to the province’s latest crop report. Recent rainfall has been wiping out any notion of drought in 2022 as soil moisture conditions continued to improve across the province. […] Read more
Feed weekly outlook: Barley, wheat prices starting to soften
MarketsFarm – It appears that the days of feedlots on the Prairies primarily using corn may be coming to an end. After nearly a year of feedlots importing corn from the United States, due to tight supply and higher prices for feed barley and feed wheat in Western Canada, demand has mostly turned towards cereal […] Read more
Cyber-Savvy Farmer
