MarketsFarm — Harvest activity in the western Canadian Prairies had depressed feed grain prices at the end of August, but prices have recovered slightly. “There’s been a bit of a break in harvest activity,” Allen Pirness of Market Place Commodities in Lethbridge said. Producers in southern Alberta had been harvesting barley at the end of […] Read more
Feed weekly outlook: Prices gain strength
China ban turns Australian barley growers toward domestic market
Growers may shift to alternative crops next season
Sydney | Reuters — Australian farmers will be forced to sell their barley supplies to the domestic livestock industry or cheaper international markets after China effectively banned imports from Australia, farmers said on Wednesday. China late on Tuesday said it would ban barley imports from Australia’s largest grain exporter, just weeks after it slapped a […] Read more
Klassen: Yearling market remains red hot
Barley harvest well underway in southern Alberta
Compared to last week, western Canadian yearling prices were $2-$4 higher on average; however, in southern Alberta, yearlings traded $6-$8 above week-ago levels. A few auction barns in Alberta held their first feature sales of the fall run and buyers showed up with both hands. The quality of yearlings coming off grass is excellent and […] Read more
Klassen: Yearling demand remains firm
Compared to last week, western Canadian yearlings fresh off grass traded steady to $2 higher; backgrounded yearlings were relatively unchanged. The calf market was too thin to quote. Major feedlot operators set the price structure and were once again very aggressive. While many feedlots are backed up with market-ready supplies of fed cattle, some feedlots […] Read more
Feed weekly outlook: Feed grains come under harvest pressure
MarketsFarm – Delayed springtime planting pushed back the feed grain harvest. As a result, prices for old crop feed grains are now beginning to converge with new crop prices. “It feels like we’re transitioning towards new crop,” remarked Travis Ebens, a grains trader with CorNine Commodities in Lacombe, Alta. He said prices for feed barley […] Read more
Producer deliveries spike in June
MarketsFarm — Grain deliveries in Canada increased 48.5 per cent from May to June, according to Statistics Canada in a report released today. The report, Producer Deliveries of Major Grains, showed more than 5.16 million tonnes of all grains were delivered by producers in June, compared to the approximately 3.54 million tonnes in May. It’s […] Read more
Klassen: Feeder market looking firm for fall
The western Canadian feeder market was hard to define last week due to the small volumes. Small groups under 10 head were quite common and in many cases, one to three head were running through the ring. Discounts were quite severe on these stragglers; however, quality feeder cattle traded at similar levels to last week. […] Read more
Feed weekly outlook: Prices to soften as new crop year nears
MarketsFarm — Prices for feed barley and wheat will decline as the new crop year gets closer, according to Erin Harakal, senior trader with Agfinity at Stony Plain, Alta. Harakal said the new crop should start coming off of the fields around the end of August and the beginning of September. “Usually at this time […] Read more
Klassen: Feeder cattle market searching for direction
Feedlots expecting barley prices to drop
Western Canadian feeder cattle prices continue to trade in a sideways pattern. Compared to last week, prices were quoted $2-$3 on either side of unchanged. Most auction barns were on holidays last week and arenas that did hold sales experienced limited volumes. Therefore, the market was hard to define. U.S. feeder cattle markets were steady […] Read more
Feed weekly outlook: Barley bids soften as sector stabilizes
MarketsFarm — Feed barley bids in Western Canada have softened over the past two weeks, as some normalcy returns to the feeding sector. Feed barley bids delivered into the key Lethbridge feeding area have come down by $6-$8 per tonne over the past two weeks, with current prices around $240 per tonne, said Brandon Motz […] Read more
Cyber-Savvy Farmer
