Compared to late December, western Canadian yearling prices were quoted $6-$8 higher on average; however, fancier, lower flesh packages in the 850- to 900-lb. category were $10-$12 higher. Calf markets were quite variable. Early in the week, calf prices were relatively unchanged but markets were up $3-$6 by Friday. Ontario buyers were extremely aggressive last […] Read more
Klassen: Feeder markets start 2022 with a roar
La Niña introduces itself with Prairie cold snap
MarketsFarm — The frigid conditions which had enveloped the Prairie provinces in recent weeks is a sign La Niña has come again, according to a Kansas-based meteorologist. Since mid-December, the Prairies have been in a deep freeze beginning with temperatures at least 10 C below-normal. Since the holiday season, many towns and cities in the […] Read more
Feed weekly outlook: Feedlots, elevators filled with corn
MarketsFarm — As 2022 begins, feed grain markets in Alberta have been “status quo,” according to a grain buyer. “There’s a lot of grain that has been pre-contracted in terms of corn coming in from the United States,” said Brandon Motz of CorNine Commodities at Lacombe, Alta. “Lots of priority has been towards execution, making […] Read more
Klassen: Feeder market has positive factors
There were no feeder cattle sales last week due to the holiday season; however, this didn’t stop many cow-calf producers from inquiring about the market outlook for 2022. This past year was one for the record books. There is no doubt about it. Waves of COVID-19 caused beef demand to be quite volatile from month […] Read more
Feed weekly outlook: Prices to remain steady until spring
MarketsFarm – Feed grains in Western Canada are seeing limited trading during the holiday season, but the demand for feed remains at feedlots. “The trade has been very slow. We’re kind of just in execution mode right now,” said Evan Peterson, trader for JGL Commodities in Moose Jaw, Sask. “Stocks are tight on the farm, […] Read more
Klassen: Feeder market closes year on firm tone
There were no major sales last week; however, a few auction barns held sales with a light run of feeder cattle along with bred cows and bred heifers. Compared to seven days earlier, western Canadian feeder cattle prices were relatively unchanged. Liquidation of the cow herd was the main feature on both sides of the […] Read more
Prairie cash wheat: Prices booked remarkable upswing in 2021
U.S. wheat futures well up on year
MarketsFarm — There were huge gains in wheat prices in Western Canada this past year. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats shot up by $200 per tonne or more, while those for Canada Western Amber Durum (CWAD) spiked well in excess of $400 per tonne. Significant increases in U.S. […] Read more
Feed weekly outlook: Corn is king at feedlots to end 2021
MarketsFarm — As the holidays approach and 2021 comes to a close, there was little trading activity on feed grain markets, according to Allen Pirness, senior trader at Market Place Commodities in Lethbridge. “The offers are still quite a bit higher than the bids. But there hasn’t been a lot of appetite right at the […] Read more
Klassen: Feeder market stabilizes after December surge
Compared to last week, western Canadian feeder cattle prices traded $3-$4 on either side of unchanged. Small groups of various quality characterized sale volumes. There were a few packages of backgrounded yearlings that sold at decent levels. Finishing feedlots were fairly aggressive on groups in the 700- to 800-lb. category. Higher flesh levels have become […] Read more
‘Atypical’ BSE shows up in Alberta cow
Spontaneous case won't affect Canada's 'negligible risk' status, CFIA says
Updated –– Canada’s first case of BSE since the country achieved “negligible risk” status for the brain-wasting cattle disease isn’t expected to affect trade in Canadian beef. The Canadian Food Inspection Agency said Friday it has notified the World Organization for Animal Health (OIE) of a case of “atypical” bovine spongiform encephalopathy (BSE) in an […] Read more
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