MarketsFarm — Just days prior to Statistics Canada issuing its latest survey-based crop acreage report on Tuesday next week, analysts are estimating a rise in canola acres at the expense of wheat. “Coming through the winter and towards spring seeding, we were looking at canola prices that were at their highest levels of all time,” […] Read more
Canola, wheat acres in opposite trends before StatsCan report
'Every commodity was offering options that were profitable'
Feed weekly outlook: New-crop prices to rise
MarketsFarm — Well covered with grain for now, feedlots are beginning to set their sights on the new crop. Drought conditions on the Prairies and the U.S. northern Plains are causing new-crop feed wheat and feed barley prices to go up, according to a Saskatchewan-based trader. “Demand for old crop (is) dwindling and the focus […] Read more
Feed weekly outlook: Rains, demand keep bids down
MarketsFarm — While recent wet weather on the Prairies has helped bring down prices for feed grains, demand — or a lack thereof — has been another primary factor. “The rains have definitely affected (prices) a bit, but probably not to the extent demand has,” said Erin Harakal, trade manager for Agfinity at Stony Plain, […] Read more
Feed weekly outlook: Rising costs cut into cattle profits
MarketsFarm — Strong demand for beef has kept fed cattle prices in Western Canada well supported, but high feed grain prices continue to cut into profits in the feeder sector, according to CanFax analyst Brian Perillat. Fed cattle prices have rallied for most of 2021, he said, “so feedlots, after losing money for two to […] Read more
Chlormequat warning for all barley uses
Reading Time: < 1 minute Chlormequat — the active ingredient in the plant growth regulator product Manipulator — has been given a Yellow/Be Informed rating in Keep it Clean’s product advisory listing for barley, whether it’s sold for malt, food or feed. Previously it had a Green/Acceptable rating except for use on malting barley. “Growers should talk to their grain […] Read more
Feed weekly outlook: Rains, lower demand pressure grain bids
Old-crop demand 'not that strong anymore'
MarketsFarm — With feedlots across Western Canada already stocked up on feed barley and wheat for their animals, reduced demand for those crops and recent wet weather have left high-delivered bids mixed. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids for feed barley remained steady in Saskatchewan at $6 per bushel, went down […] Read more
Klassen: Feeder market remains firm
Canada's feeder exports down off year-ago levels
Compared to last week, western Canadian feeder cattle prices were steady to $2 higher on average. Strength was noted in the mid-weight categories as lighter calves and yearlings (900 pounds-plus) were relatively unchanged. Major feedlots were dominant buyers, with little demand surfacing for grassers. Feeding margins are in positive territory and recent rains have enhance […] Read more
WTO creates panel in China-Australia barley row
Sydney/Geneva | Reuters — The World Trade Organization (WTO) agreed on Friday to establish a dispute settlement panel to resolve a row over anti-dumping and countervailing duties imposed by China on Australian barley, a trade source attending the meeting said. Australia launched a formal appeal to the WTO last year, seeking a review of China’s […] Read more
Feed weekly outlook: Canada’s barley exports show no signs of slowing
MarketsFarm — Tight Canadian barley supplies, due in part to surging export demand, have kept feed grain bids well supported in the Prairies over the past few months. The cupboards, however, are not quite bare, with weekly Canadian barley exports hitting their second-highest level of the crop-year-to-date. Canada exported 175,500 tonnes of barley during the […] Read more
Klassen: Feeder market heating up
Wholesale beef prices climbing
Compared to last week, quality yearling packages were $2-$5 higher while calf values were unchanged to $2 higher. A surge in buying interest surfaced for yearlings last week as fed cattle prices continue to trade near 52-week highs. Alberta packers were buying fed cattle in the range of $162-$165 delivered and breakeven pen closeouts are […] Read more
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