CNS Canada — Western Canadian feed grain buyers aren’t concerned if they’ll have crops to buy at the end of the summer, but they are concerned what the quality of those crops will be. “At this point it’s a weather market. So we kind of wait and see as it unfolds and respond accordingly,” said […] Read more
Feed weekly outlook: Prairie market focused on weather
Klassen: Yearlings lead feeder complex higher
Compared to last week, yearlings traded $3 lower to as much as $8 higher. Lower supplies made the market hard to define in some regions but quality packages were very well bid. Heifers were somewhat softer but overall, the market continues to strengthen. Larger operations in southern Alberta were once again leading the charge higher […] Read more
Feed weekly outlook: Producers watching skies for signals
CNS Canada — Farmers and traders are keeping a watchful eye on the weather trying to sort out feed grain supplies. “This time of year, it’s a weather market and weather has been improving in much of Saskatchewan and in some of the more critically dry areas. They got a decent amount of moisture over […] Read more
Forage supplies starting to dip on dry Prairies
CNS Canada — Forage supplies are starting to dwindle across Western Canada following a long, cold, winter and rain is needed soon to make for a good forage crop this year. “People tended to kind of blend hay this year and they managed to get through. But the prolonged cold spring really I think put […] Read more
Pulse weekly outlook: Sector hopes for more fababeans
CNS Canada — While Statistics Canada is predicting a drop in fababean acres this year, an agronomist with Saskatchewan Pulse Growers hopes that isn’t the case. “We had about 50,000 acres for the last three years here in Saskatchewan. And we’re thinking that we’ll be maybe slightly below that,” said SPG agronomy manager Sherrilyn Phelps. […] Read more
Feed weekly outlook: For barley acres, seeding delays will tell tale
CNS Canada — After a slight delay to the start of seeding in southern Alberta, producers are out in the fields and it doesn’t yet look like they have seeded more shorter-season acres, such as in feed barley. “Southern Alberta is a little bit later than normal (for starting seeding). But most areas, they’re kind […] Read more
Feed weekly outlook: Late winter underpins Prairie barley bids
CNS Canada — Lingering winter weather across the Prairies means cattle are eating more grain, but the possibility of delayed seeding also means farmers with grain to sell are eyeing better prices. “As the winter continues to hang on, cattle producers are continuing to have to feed (grain) until they can get their cattle out […] Read more
Feed weekly outlook: Grain supply starting to dry up
CNS Canada –– As the winter ends, supply is getting tight for feed grains in Lethbridge’s feedlot alley. “We’re seeing a little bit of a pullback on prices on most commodities in anticipation for making sure everything gets out before road bans,” said Brandon Motz, sales manager at CorNine Commodities at Lacombe, Alta. The feed […] Read more
Feed weekly outlook: Prairie feed grain prices on rise
CNS Canada — Prices are rising for feed grains in Lethbridge, with buyers starting to consider their options. “Seems every day this last week we’re surprised at higher offers being triggered than the day before,” said Jared Seitz, trade manager with Agfinity Inc. In Lethbridge, feed barley bids last week were at $5 per bushel […] Read more
Klassen: Feeder cattle markets absorbing price uncertainty
Western Canadian feeder cattle markets were quite variable throughout the week due to the uncertain price structure in the deferred position. Yearling prices differentiated by nearly $15 across the Prairies while lighter calves were relatively unchanged from week-ago levels. Adverse weather throughout January and February has tempered demand for replacement cattle. Southern Alberta has received […] Read more
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