MarketsFarm — There are sufficient supplies of feed barley, wheat and corn across the Prairies, according to Evan Peterson, trader with JGL Commodities. In turn, that’s putting pressure on prices. Peterson said a shortage of trucks and truck drivers last summer and fall led buyers to acquire as much feed as possible to get through […] Read more
Feed grain weekly: Prices slip back on good supplies
Demand for corn from Manitoba, U.S. wanes
Klassen: Feeder market stabilizes after recent climb
Calf prices in Manitoba show premium over Alberta
Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Replacements weighing 650-800 lbs. appeared to traded steady to $4 higher while calves under 650 lbs. were steady to $4 lower. The cost per pound gain is reaching unprecedented levels and fleshier cattle were discounted quite severely in some cases. […] Read more
Feed weekly outlook: Grain bids quietly drift lower
Oats still making their way into feedlots
MarketsFarm — Prices for feed barley and wheat in Western Canada drifted lower during the week ended Wednesday. Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta., said a relatively milder winter across the Prairies has resulted in less consumption of feed grains in feedlots. In turn, feedlots are not purchasing as much […] Read more
Feed weekly outlook: Grain stocks set tone for barley, wheat
Barley expected to go bullish in April, May
MarketsFarm — Statistics Canada’s (StatCan) grain stocks report issued earlier this week largely met trade expectations, according to Winnipeg-based independent trader Jerry Klassen. The survey-based report, which estimated the country’s grain stocks as of Dec. 31, was neutral for spring wheat, supportive of durum, and pointed toward barley being somewhat bullish come spring, he said. […] Read more
Feedlot expert named veterinarian of the year
Reading Time: < 1 minute Dr. Calvin Booker of Okotoks has been given the 2023 Veterinarian of the Year Award. Booker was recognized for his work in advancing feedlot veterinary services, including developing a data recording system for daily feedlot operations and using applied epidemiology to control disease. He was also praised for making “extraordinary contributions to bovine health through […] Read more
Feed weekly outlook: Prairie markets hold steady
U.S. corn imports keep lid on domestic grains
MarketsFarm — Feed grain markets in Western Canada have seen little change over the past few weeks. Feed barley bids across Western Canada have generally held steady over the past month, with the spot market topping out at $9.58 per bushel in Alberta, according to Prairie Ag Hotwire data. Prices in Manitoba and Saskatchewan are […] Read more
Klassen: Feeder market percolates higher amid finicky buyers
Ontario feedlots bring demand for West's calves
Compared to last week, western Canadian feeder cattle markets traded steady to $4 higher on average. Certain pockets in Manitoba and eastern Saskatchewan had steer calves up $4-$8 from week-ago levels. Alberta values were relatively unchanged from seven days earlier on all weight categories. Steady demand was noted from Ontario feedlots for calves while Alberta […] Read more
Feed weekly outlook: Barley, wheat prices continue downward
Oats, canola meal also bound for feedlots
MarketsFarm — As colder temperatures descend onto the Prairies, buying activity for feed barley and wheat was just as frigid. “A lot of guys are fairly caught up with purchasing,” said Mike Fleischhauer of Eagle Commodities Inc. in Lethbridge. “You see the prices of wheat and barley start to trickle down a little bit. Corn’s […] Read more
Backlog of fed cattle should soon be cleared, says analyst
There are still challenges, but the coming year is shaping up well so far
Reading Time: 2 minutes A backlog of fed cattle that has adversely affected feedlots should start to clear soon, says a livestock economist with Alberta’s agriculture department. Feedlots in Alberta and Saskatchewan had plenty of fed cattle supply at the end of 2022 and fed cattle basis levels were wide, said Ann Boyda. “Any further backlog is expected to […] Read more
Klassen: Feeder market’s upward trend continues
Manitoba, Saskatchewan see limited gains
Compared to last week, western Canadian feeder cattle markets traded $2-$3/cwt higher on average. Southern Alberta appeared to lead Western Canada. Prices in the Lethbridge area were up $8/cwt to as much as $15/cwt from week-ago levels. Major operations have liquidated a significant amount fed cattle and become more current with production. There was a […] Read more
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