MarketsFarm — Corn is still moving into feedlots in southern Alberta as it approaches not only the end of its contracts, but also the end of winter. “We’ve been seeing here in Lethbridge prices at $395-$400 per tonne ($10.03-$10.16 per bushel),” said Erin Harakal, trade manager at Agfinity Inc. at Stony Plain, Alta. “It seems […] Read more
Feed weekly outlook: Prices continue to soften as April approaches
Seeding start in Alberta remains a question mark
Feed weekly outlook: Domestic grain prices slipping
Prairie wheat, barley on par with U.S. corn
MarketsFarm – Feed wheat and barley prices in Western Canada have slowly trended lower over the past few months, with prices for both grains now on par with imported corn from the U.S. into Alberta’s key Lethbridge feedlot alley. All three grains are trading at around $410 per tonne into Lethbridge, according to Jim Beusekom, […] Read more
Klassen: Stronger fed cattle market pulls feeders upward
Feedlots becoming more current with production
Compared to last week, western Canadian yearling and calf markets were quoted steady to $5 higher on average. Strength was noted in southern Alberta. In the Lethbridge area, prices for lighter flesh replacements were up as much as $10 from seven days earlier. Larger supplies of backgrounded cattle are coming on the market at this […] Read more
Feed weekly outlook: Grains wait for demand to pick up
Trucking availability still seen as an issue, but less of one
MarketsFarm — As feed barley continued to sit in a lull, there have been some increases in feed wheat, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “There’s a little of downward pressure on barley,” Motz said, noting demand for it is expected to soon pick up. Feed wheat prices have increased recently, […] Read more
Klassen: Feeder market scaling fresh heights
Heifer retention expected in U.S. this spring
Compared to last week, western Canadian yearling markets traded $5 to as much as $10 higher. Replacements in the 650- to 800-lb. category were up $6-$12; calves under 650 lbs. were relatively unchanged although volumes were limited. Lightweight calves were hard to come by last week. Weather may have been a factor. Many factors contributed […] Read more
Feed weekly outlook: Corn the choice crop in feedlots
'Bigger feedlots are looking for volume'
MarketsFarm — Copious amounts of corn are still being delivered to feedlots in southern Alberta despite slowly declining prices for other feed grains. “Corn is coming down over the last little bit,” Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge said. “You think that there would be a little bit more barley hitting the market. […] Read more
Feedlots a big economic engine for Alberta
Reading Time: < 1 minute Alberta Cattle Feeders’ Association has produced a promotional video highlighting the sector’s economic impact in the province. Based on 2020 data compiled by ag consulting firm Serecon, the sector generates $2.9 billion in economic activity annually. Roughly a third of that comes directly from the sector and the other two-thirds in spinoffs. For every animal […] Read more
Klassen: Feeder market continues the climb
Statistics show tightening supplies in Canada, U.S.
Compared to last week, western Canadian feeder markets yearling markets traded $2-$5 higher. Replacements in the 700- to 800-lb. weight category appeared to jump $5 to as much as $15 in some cases. Calves weighing 500-700 lbs. were unchanged to $4 higher on average after rallying nearly $20 over the past month. There were limited […] Read more
Feed weekly outlook: Barley exports slowing down, local prices steady
Feedlots relatively well covered
MarketsFarm — Canadian barley exports slowed down in January, but out-of-country movement is still running ahead of the year-ago pace, according to updated export data from the Canadian Grain Commission. Canada exported 131,100 tonnes of barley from licensed facilities in January, with China the top customer taking 100,500 tonnes. Total barley exports were well off […] Read more
Klassen: Calves jump on corn outlook
Softer barley values underpin yearling market
Compared to last week, western Canadian feeder cattle markets traded $5 to as much as $12 above week-ago levels. Alberta packers were buying fed cattle on a dressed basis in the range of $332-$335 delivered, up $5-$8 from last week. Stronger fed cattle prices and softer barley values underpinned the yearling market. Buyers were finicky […] Read more
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