Western Canadian feeder cattle markets continue to consolidate at the higher levels. Most auction markets were closed due to the Canada Day holiday, so all eyes were on focused south of the border for market sentiment. Average U.S. feeder prices were steady to $3 lower at major sales in Oklahoma and Missouri as the U.S. […] Read more
Klassen: Feeder market consolidates
Klassen: Lower grain production weighing on feeder market
Western Canadian feeder cattle prices experienced a mixed tone over the past week, with auction markets reporting prices $3 lower to $3 higher in comparison to seven days earlier. The Prairie region continues to experience above-average temperatures causing significant deterioration to pasture and crops in Alberta and western Saskatchewan. Certain auction markets experienced slightly larger […] Read more
U.S. corn, DDGS imports likely as drought tightens feed supply
CNS Canada –– Livestock producers in Western Canada will likely have to import feed grains such as corn and dried distillers grains with solubles (DDGS) this year, as drought is seen trimming domestic barley and other feed production. “We’ve seen droughts before, and when it’s happened, usually what has to happen is we import other […] Read more
Klassen: Feeder market experiences softer tone
Western Canadian feeder cattle prices experienced a soft tone this past week on very light volumes. It’s that time of year where producers market the “stragglers,” or late bloomers, that were not up to standard earlier in spring. Therefore, the market was difficult to define but the overall sentiment felt malleable with various-quality cattle on […] Read more
Klassen: Drier conditions soften feeder market
Alberta and Saskatchewan feeder cattle prices were $2 to $5 lower on average last week due to rising barley prices and deteriorating pasture conditions. All weight categories were under pressure, with sharper slippage on shorter-keep replacements. Alberta packers were buying fed cattle in the range of $202 to $204, but rising feed grain prices caused […] Read more
Lethbridge feed barley feels slight lift from canola
CNS Canada — It seems the recent surge in canola has carried over to the feed barley market near Lethbridge. A weekend frost and other issues saw canola futures jump sharply in recent days, and according to trader Jim Beusekom at Market Place Commodities near Lethbridge, that rally has given strength to the feed barley […] Read more
Feed barley feeling ‘downward sag,’ trader says
CNS Canada — Feedlot demand for cash barley is weakening slightly as cattle producers prepare to turn animals loose on pastures, but prices are still hanging in there, according to one participant. “Farmers aren’t really selling a whole lot at these levels,” said Allen Pirness of Market Place Commodities in the feedlot alley near Lethbridge, […] Read more
Wheat, canola stocks surprisingly tight in StatsCan report
CNS Canada — Canada’s ag industry was surprised to see some tighter-than-anticipated supply estimates in Statistics Canada’s latest report on stocks of grain and oilseeds Wednesday morning. StatsCan said Canadian wheat supplies, as of March 31, totaled 16.74 million tonnes — about a million lower than expected, said Mike Jubinville of ProFarmer Canada. “On the […] Read more
Malt barley seeding well ahead of normal
CNS Canada — Barley seeding is well underway across Western Canada and almost complete in southern Alberta, according to the head of the Barley Council of Canada. “We’re two weeks ahead here in southern Alberta, there’s guys that have wrapped up; they’re done seeding already,” said council president Brian Otto. On his own farm at […] Read more
Feed barley likely topping out for now in Alta.
CNS Canada — Feed barley prices have shown some strength over the past month in Alberta, but are likely topping out for now as attention starts to turn to the new crop. Feed barley is now trading at about $217 per tonne for April/May delivery in the key Lethbridge, Alta. feeding area, according to feed […] Read more
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