MarketsFarm — There are still sufficient supplies of feed barley and wheat to be had on the Canadian Prairies — but there are issues with getting that feed from point to point, according to Erin Harakal, senior trader at Agfinity at Stony Plain, Alta. “I do think there are enough supplies from what we have […] Read more
Feed weekly outlook: Grain supplies good, freight costs higher
'They don't have as many drivers as normal'
Klassen: Tighter supplies underpin western Canadian feeder market
Weather conditions may sway buying interest
Compared to last week, western Canadian yearling prices were unchanged to $4 higher. Heavier calves notched a week-over-week gain of $2-$4. Mid-weight and lighter calves traded steady to $5 lower in Alberta but $4-$5 on either side of unchanged in Saskatchewan and Manitoba. Yearling numbers were limited and buyers paid up for quality packages while […] Read more
Klassen: Feeder cattle market experiences weather volatility
Compared to last week, Western Canadian yearling prices traded $3 to $4 on either side of side of unchanged while calves traded $5 lower to as much as $6 higher. The calf market tends to experience a seasonal bounce every November. In certain cases, buyers appeared to step forward more aggressively last week in anticipation […] Read more
Feed weekly outlook: Good quality, yields amid rising feed prices
MarketsFarm – With harvesting operations coming to a close, there were very few complaints about the quality and yields of new crop feed grains, according to one Lethbridge, Alta.-based trader. “Quality-wise, everything’s been sounding good for the most part. A couple of areas might have a bit of lighter bushels, but for the most part […] Read more
Klassen: Alberta feedlot backlog limits demand for feeder cattle
Compared to last week, Western Canadian yearling prices traded steady to $2 lower on average while calf markets were down $3 to $5. Feedlots in Alberta and Saskatchewan are backed up with significant numbers of market ready fed cattle which has set a negative tone for replacement cattle. Carcass weights are nearing historical highs. Barley […] Read more
Prairie cash wheat: Bids dip with U.S. futures
Loonie down 0.4 U.S. cent on the week
MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday, as losses in U.S. futures and a firmer tone in the Canadian dollar weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $2-$4.50 per tonne during the week, according to price quotes […] Read more
Alberta reorganizes ag portfolio for returning minister
Horner to handle agriculture and irrigation file
Both Alberta and Quebec have re-upped with their incumbent agriculture ministers in cabinet shuffles this week — but incoming Alberta Premier Danielle Smith’s shuffle will also streamline that province’s ag portfolio. Chosen by Alberta’s governing United Conservatives (UCP) on Oct. 6 to replace outgoing premier Jason Kenney, Smith on Friday announced Kenney’s incumbent minister of […] Read more
Klassen: Uncertain fed cattle market weighs on feeder cattle
U.S. feeder demand seen relatively sluggish
Compared to last week, western Canadian yearlings (900 lbs. and over) appeared to trade $6-$8 lower on average; yearlings weighing 800-900 lbs. off grass were unchanged. Backgrounded yearlings were also $6-$8 lower. Mid-weight calves were unchanged but calves under 600 lbs. were $3 to as much as $10 lower in some cases. Feedlot operators pulled […] Read more
Prairie cash wheat: Prices swing higher on U.S. gains
Canadian dollar down on week
MarketsFarm — Wheat prices on the Canadian Prairies were higher for the week ended Thursday. As Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats had modest upticks, Canada Western Amber Durum (CWAD) incurred double-digit increases. Gains in the U.S. wheat complex provided support, with a weaker Canadian dollar also underpinning values. […] Read more
Alberta issues final crop report for year
Harvest over 98 per cent done by region and crop type
MarketsFarm –– For the second year in a row the Alberta harvest wrapped up well ahead of the five-year average. With a gain of three points for the week ended Tuesday, Alberta Agriculture, Forestry and Rural Economic Development (AFRED) pegged the combining of major crops at 99.2 per cent complete. That’s 22 and a half […] Read more
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