Compared to last week, western Canadian yearling markets traded $2-$4 lower; calves over 700 lbs. appeared to hold value; calves weighing less than 700 lbs. were down $3 to as much as $5. The yearling run is basically finished. Ontario buying interest was supportive in the eastern Prairie regions due to the bumper corn crop; […] Read more
Klassen: Feeder market reflects softer sentiment
The Big Surge: Elevator capacity soaring across the Prairies
The growth in the last four years has been phenomenal
Reading Time: 5 minutes The business of building grain elevators is — pardon the pun — on a runaway train. The growth has been, by any measure, phenomenal. In just the last four years, elevator companies have added 1.2 million tonnes of storage — a 16 per cent jump. And that expansion train isn’t slowing down. Late last month, […] Read more
Klassen: Demand for feeder cattle eases
Compared to last week, western Canadian yearling prices were down $3-$5; calves traded $2-$6 below week-ago levels. The market has come under pressure for three main reasons. Cattle on feed inventories in Alberta and Saskatchewan are 36 per cent above the five-year average. Many feedlots are comfortable with ownership levels. The drought caused about 150,000 […] Read more
Feed weekly outlook: Shortages leading to price increases
MarketsFarm — Prices for feed grains are swinging higher because of shortages, according to Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge. “One thing we are sure of is we are running out of inventory, barley for sure, and we’re 11 months away from new crop,” he said. This year’s severe drought and excessive heat […] Read more
Exports tumble as supplies simply not there
'There's very little to sell'
MarketsFarm — Cereal and oilseed exports out of Canada nosedived in August just as the 2021-22 marketing began, according to the monthly export report from the Canadian Grain Commission (CGC). At about 2.24 million tonnes, total grain exports were down 38.5 per cent overall compared to those in August 2020. “There’s very little to sell. […] Read more
A ‘challenging year’ for seed supply
Reading Time: < 1 minute It’s not a guarantee of getting your seed order filled but one company says it will do the legwork in trying to find scarce seed for its customers. Canterra Seeds says its online ordering system will have a “secure supply” option that will direct an order to the nearest suppliers. “The goal is to match […] Read more
Surprisingly good harvest quality being reported
Reading Time: < 1 minute The latest provincial crop report was repetitive — but in a good way. The report (conditions as of Sept. 21) used the same phrase for all five regions in the province: “Quality is very good despite the difficult growing season.” It says spring wheat falling into the top two grades ranged from 89 per cent […] Read more
Klassen: Feeder market continues consolidation
U.S. corn northbound into Prairies
Compared to last week, western Canadian yearling prices were relatively unchanged while calf markets were down $2-$3 on average. Feedlot inventories in Alberta and Saskatchewan are 30 per cent above the five-year average; therefore, demand is lacking moving into the main marketing period for calves. Finishing feedlots have sufficient ownership and being fairly finicky on […] Read more
THE PAYOFF: Plant protein revolution may soon put money in your pockets
Calgary division of British faux meat company to issue first contracts for new high-protein pea next year
Reading Time: 6 minutes It’s being hailed as a game changer — a new high-protein yellow pea variety tailor-made for the booming plant protein market. And producers in Alberta won’t have long to wait before they can get their hands on both the new variety and, possibly, premium prices. “I think it’s fantastic news to hear that there’s investment […] Read more
Canola exports down 72 per cent through eight weeks
MarketsFarm — Canadian canola and wheat exports continue to run well behind the year-ago pace, with movement of all crops down 34 per cent through the first eight weeks of the 2021-22 crop year. Total exports of all of the major grains, oilseeds and pulses as of Sunday, at 4.714 million tonnes, are down by […] Read more
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