Quebec agrifood firm Préval Ag has wrapped up its deal to buy the Alberta processing and production assets of the defunct North American Lamb Co., marking Préval’s first move into the lamb sector outside its home province. As per Alberta Farmer’s report last week, Préval confirmed Monday its divisions Westfine Meats and West Excelamb are […] Read more
Préval closes deal for Alberta lamb processor, feedlot
Quebec firm picks up defunct NALCO's Alberta assets
Prairie cash wheat: Bids mixed as U.S. futures rise
Rising Canadian dollar adds pressure
MarketsFarm — Canada Western Red Spring and Canada Western Amber Durum wheat prices declined while bids for Canada Prairie Spring Red rose during the week ended Jan. 26. Wheat futures in the U.S. fell Monday, with the March contracts on the Chicago Board of Trade (CBOT) dropping 21 to 29 U.S. cents due to spillover […] Read more
Feed weekly outlook: Barley, wheat prices continue downward
Oats, canola meal also bound for feedlots
MarketsFarm — As colder temperatures descend onto the Prairies, buying activity for feed barley and wheat was just as frigid. “A lot of guys are fairly caught up with purchasing,” said Mike Fleischhauer of Eagle Commodities Inc. in Lethbridge. “You see the prices of wheat and barley start to trickle down a little bit. Corn’s […] Read more
Prairies’ warmer spell to be usurped by arctic front
MarketsFarm — While the Prairies have so far this month experienced rather non-January-like temperatures, a cold front coming south from the Arctic will soon descend on the region, according to Scott Kehler, president and chief scientist of Weatherlogics in Winnipeg. “What we are seeing is a big change in the weather pattern. For most of […] Read more
Klassen: Feeder market’s upward trend continues
Manitoba, Saskatchewan see limited gains
Compared to last week, western Canadian feeder cattle markets traded $2-$3/cwt higher on average. Southern Alberta appeared to lead Western Canada. Prices in the Lethbridge area were up $8/cwt to as much as $15/cwt from week-ago levels. Major operations have liquidated a significant amount fed cattle and become more current with production. There was a […] Read more
Prairie cash wheat: Prices step back
U.S. wheat futures down on week
MarketsFarm — Wheat prices declined on the Canadian Prairies during the week ended Thursday, as a stronger Canadian dollar and losses in the U.S. wheat complex weighed on values. Pressure came from expanded all-wheat acres to be planted in the United States, 48.84 million expected in 2023 versus the 45.7 million planted in 2022. The […] Read more
Feed weekly outlook: Prices slip during quiet January
Shortages of trucks, drivers still trouble cattle sector
MarketsFarm — With January being a quiet time there’s isn’t a whole lot of direction for feed grains, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. Prices for feed barley and wheat have been slowing slipping, he said — especially with feedlots not having to buy and farmers not needing to sell — […] Read more
Venture capitalists urged to check out Alberta ag tech
Hempalta and Livestock Water Recycling are two companies featured on influential Top 50 list
Reading Time: 3 minutes Two Alberta companies — one making hemp products and the other recycling livestock manure — are among the most investable clean tech ventures in the country. Hempalta Inc. and Livestock Water Recycling, both headquartered in Calgary, are two of eight ag-focused technology companies on the 2022 Foresight 50 list. The list is compiled annually by […] Read more
Klassen: Feeder market price discovery continues
Ontario buying interest leading Prairie market
In last week’s issue, we mentioned there was a large discrepancy in prices across Western Canada. Compared to the third week of December, prices in Manitoba were up $8/cwt to as much as $15/cwt, while Alberta markets were steady to $2/cwt higher. This past week, feeder prices in the eastern Prairie regions were relatively unchanged […] Read more
Prairie cash wheat: Bids dip as loonie soars
Chicago, K.C. wheats down on week
MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday as a sharp gain in the Canadian dollar relative to its U.S. counterpart cut into basis levels. The currency was up by roughly a penny on the week, settling Thursday at its highest level in seven weeks at 74.75 U.S. […] Read more
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