MarketsFarm — As combining operations begin, dryness continues to plague crops in many parts of Saskatchewan. But while crop conditions aren’t as bad as they were during the drought of 2021, according to trader Evan Peterson from JGL Commodities in Saskatoon, crops are still very parched. “Southern and western parts are very, very poor. But […] Read more
Feed weekly outlook: Crop conditions, barley demand lower
Prices expected steady to lower for now
Klassen: Upward momentum in feeder market eases
Feedlots seen in 'risk assessment mode'
Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Higher-quality groups of yearling heifers appeared to trade steady to $2 higher on average while steer markets traded $3-$4 higher to $2 lower. Calf prices are unchanged from seven days earlier. The rally in deferred live cattle futures has stalled for the time […] Read more
Feed weekly outlook: wheat, barley prices still on the rise
Demand for feed grains on the quiet side as feedlots order more United States corn says analyst
Marketsfarm – Variable crop conditions in Alberta and Saskatchewan are contributing to rising feed grain prices on the Prairies just weeks away from harvest. Erin Harakal, trade manager for Agfinity Inc. in Stony Plain, Alta., said while conditions in the northern half of Alberta are good in some places, areas around Red Deer and parts […] Read more
Feed weekly outlook: Dry weather cuts into barley prospects
Canadian buyers already booking new-crop U.S. corn
MarketsFarm — Dry weather across the Canadian Prairies may be cutting into barley production prospects, keeping domestic feed prices underpinned for the time being despite the likelihood of large corn imports from the United States. Alberta’s barley crop was only rated 43 per cent good to excellent in the latest weekly report, well off the […] Read more
At Ag in Motion: Significant Prairie yield drop expected
'A lot of damage done' by drought, Bruce Burnett says
MarketsFarm has released its first yield estimates for Western Canada’s crops and the outlook is grim. Analyst Bruce Burnett just recently completed a crop tour covering most of Saskatchewan. “Unfortunately, I don’t have a lot of good news on the crop front,” he told growers attending the Ag in Motion show in Langham, Sask. “There […] Read more
Feed weekly outlook: Dryness helps push up grain prices
Market seen shifting between 'no need' and 'giant need'
MarketsFarm — As dry conditions continued to take root across much of the Canadian Prairies, feed grain prices have for the most part been climbing, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “The futures are coming up on quite a few commodities, so the prices have been coming up slightly,” Leclerc said […] Read more
Australia disappointed with China move to extend barley tariffs review
Tariff wall in place since 2020
Sydney | Reuters — Australia said on Wednesday it was disappointed that China has asked for another month to complete a review needed to lift tariffs on barley and warned it would resume a case at the World Trade Organization (WTO) if there was further delay. Australia on April 11 agreed to temporarily suspend a […] Read more
Klassen: Feeder market consolidates at historical highs
Higher borrowing costs offset lower feed prices
For the week ending Saturday, western Canadian yearling steer prices were quoted $2-$4 higher; yearling heifers traded $2 higher to $5 lower. Calves were relatively unchanged although volumes were limited. Larger groups of quality genetics were well bid while second tier cattle were marginally discounted off the highs. Some ranches are liquidating yearlings about one […] Read more
Feed weekly outlook: Falling corn prices not spurring new demand
Feed barley bids in Alberta, Manitoba up from month-ago
MarketsFarm — Falling prices for U.S. corn futures on the Chicago Board of Trade (CBOT) are having little effect on shipments going to Alberta feedlots, according to one grain buyer. The September corn contract fell to its lowest price since January 2021 when it dropped to US$4.79 per bushel on Wednesday, before closing at US$4.8525/bu. […] Read more
Feed weekly outlook: U.S. corn keeps making way into Canadian rations
Ease of sourcing corn by rail an attractive feature
MarketsFarm — The size and quality of the 2023 Canadian grain crop is still very much in the air, but domestic feeders intend to keep at least some corn from the U.S. in their rations going forward no matter what is grown on the Prairies. Canadian buyers have already booked 78,500 tonnes of U.S. corn […] Read more
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