GFM Network News

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Feed weekly outlook: U.S. corn imports to supplement tight supplies

Feeders seeking barley would 'have to pay up'

MarketsFarm — The looming corn harvest in the United States should keep a lid on rising feed grain prices in Western Canada, with more corn expected to make its way into Canadian feedlots this winter. “U.S. corn should start landing in Lethbridge sometime in October or early November,” said Jim Beusekom, of MarketPlace Commodities at […] Read more

A corn crop near London, Ont. in July 2021. Relatively good yields down east may lead to more Prairie livestock feeders “jumping on the corn bandwagon.” (Farmtario photo by John Greig)

Feed weekly outlook: Crop estimates show severity of drought

'Corn bandwagon' filling up

MarketsFarm — Preliminary crop yield estimates released by Statistics Canada on Monday outlined just how severely the drought in Western Canada cut into production. Mike Fleischhauer, general manager for Eagle Commodities at Lethbridge, Alta., was not at all surprised by the numbers. “I think we knew that was happening all along,” he said. “There are […] Read more

A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Feed weekly outlook: New crop expected to stabilize feed prices

Drought will drag Prairies' yields much lower

MarketsFarm — New crop is starting to make its way into feed grain bins as the annual harvest gets underway in Alberta. However, due to the drought conditions which have enveloped Western Canada, yields will be much lower than normal. “(The yields are) generally lower than expected and (there’s been) some disappointment,” said Allen Pirness, […] Read more

Photo: Canada Beef Inc.

Klassen: Yearlings hold value while calves remain under pressure

Compared to last week, Western Canadian yearling prices were relatively unchanged while calves were once again $2 to $4 lower. Featherlight bawlers were down $4 to as much as $8 from week-ago levels. The tight feed grain supply situation continues to set the price structure for feeder cattle. Yearlings straight off grass held a slight […] Read more

CME August 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)

U.S. livestock: Live cattle futures, boxed beef prices drop

Average hog weights down on week

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures approached a four-week low on Wednesday as U.S. beef prices declined. The drop in futures extended a four per cent setback from a contract high that most-active August live cattle reached last month. Prices for beef shipped to wholesale buyers in large boxes have also […] Read more

Packers have seen good margins and that’s drawing huge numbers of U.S. cows north but it’s been a different story for feedlots, which have struggled for years to make money.

A flood of American cattle is coming north — but the tide may turn

Alberta usually exports cattle but a quarter of a million U.S. cows a year are coming to Western Canada

Reading Time: 5 minutes Alberta feeder cattle imports have exploded, reaching highs not seen since the early 2000s. But feedlot operators are still struggling to turn a profit, and adding to their woes, the surge in American cattle may soon slow. “We were barely importing any feeders four or five years ago,” said Brian Perillat, manager of Canfax. “We […] Read more