MarketsFarm — Bids for feed grains have backed off previous highs as feedlots in Western Canada are covered into the New Year. “Now they’re bidding January and forward,” said Allen Pirness of Market Place Commodities in Lethbridge. Bids for feed barley and feed wheat delivered from January to March were around $220 per tonne, according […] Read more
Feed weekly outlook: Grains pressured by lower demand
Klassen: Feeder cattle market under weight of imports
Compared to last week, western Canadian feeder cattle markets traded $5 lower to $2 higher. It’s that time of year when most feedlots are carrying sufficient numbers and buyers are hesitant to increase ownership unless they can see profitability. Auction market volumes contained weaned and unweaned calves over the past week; premiums returned for feeders […] Read more
StatsCan report puts canola production at lowest since 2015
MarketsFarm — Data from Statistics Canada’s production of principal field crops report, released Friday morning, will likely be supportive of canola values, put pressure on barley, and keep wheat prices steady. In the report, canola production across Canada decreased by 8.3 per cent nationally to 18.6 million tonnes, compared to 2018 production volumes. The decreased […] Read more
Feed weekly outlook: Purchases delayed as prices steady, supplies ample
MarketsFarm — With good supplies available, don’t expect to see much movement in prices for feed wheat and barley over the next several months, according to Nelson Neumann. Neumann, senior trader for Agfinity at Stony Plain, Alta., said barley currently was around $223 per tonne Lethbridge delivered and wheat was a little back at $220 […] Read more
Trade’s crop estimates vary ahead of StatsCan report
MarketsFarm — Barley and canola production expectations vary ahead of Statistics Canada’s production of principal field crops report, due out Friday. In September, the federal agency estimated Canada’s barley production to total just less than 10 million tonnes, two million higher than the final count for the 2018-19 growing year. However, some trade estimates are […] Read more
Alberta’s new farm safety act gets warm response
New act exempts most Alberta farms from workplace rules, removes right to unionize
Reading Time: 3 minutes There were no surprises when the United Conservative government unveiled its new farm workplace safety legislation — and that’s one of the things that farm leaders like about it. “It’s making farming easier,” Alberta Canola chair John Guelly said in contrasting the new legislation with the contentious version brought in by the previous NDP government. […] Read more
Make rail transport an essential service, say crop commissions
Wheat and barley commissions say crop sector can’t afford to have strikes ‘every few years’
Reading Time: 3 minutes The longest rail strike in a decade is over, but the need for a new way to deal with rail disruptions is as pressing as ever, say Alberta Wheat and Alberta Barley. “The threat of strikes affecting grain movement is a recurring theme every few years and we need a long-term solution to ensure Canada […] Read more
Feed weekly outlook: Firm Prairie market leveling off
MarketsFarm — Logistics issues moving grain where it needs to be in Western Canada continue to prop up feed prices, but the market is starting to level off, according to a broker. “We are seeing a bit of a shortage of trucks,” said Tracy Green of Market Master Ltd. in Edmonton, adding “things are still […] Read more
Klassen: Feeder cattle market drops on soft demand
Compared to last week, western Canadian yearling markets were down $4-$6 while calf prices dropped $5 to as much as much as $10 in some cases. Comments from order buyers reflect very sluggish demand for this time of year. Ontario farmers have harvested about 50 per cent of the corn crop and buying interest from […] Read more
Not bad feels pretty good for cattle producers this year
It’s far from a banner year but given how things started, 2019 has been better than expected
Reading Time: 3 minutes This year has probably gone better than most cattle producers in Alberta expected. “We started out dry and in a drought, and conditions were a concern early in the year,” said Brian Perillat, manager and senior analyst with CanFax. “But we worked through it and we’ve come full circle. “We’ve got really ample feed supplies […] Read more