MarketsFarm — With feed barley and wheat supplies on the verge of running out, prices remain firm, according to Mike Fleischhauer of Eagle Commodities in Lethbridge. “They’re on the positive side of stationary,” he said, noting prices could soon change following the Russian invasion of Ukraine on Thursday. “With what’s going on with Ukraine and […] Read more
Feed weekly outlook: Prices steady, but changes coming
Feedlots moving to full corn rations
Feed weekly outlook: Big demand lacking for barley, wheat
MarketsFarm — Prices for feed barley have swung a little higher over the last week — but it’s not due to feedlots needing a lot of the cereal, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. Barley prices, he said, were $420-$424 per tonne delivered into Lethbridge, with offers as high as $445 […] Read more
Feed weekly outlook: Alberta blockade affects feed grain deliveries
MarketsFarm — A truck blockade at a Canada-U.S. border crossing at Coutts, Alta. has caused some headaches for grain buyers in southern parts of the province. Since Saturday, commercial trucks and other vehicles have blocked Highway 4, a 103-km stretch which runs from the border to Lethbridge, to protest COVID-19 health measures. On the U.S. […] Read more
Transport strains pile on drought-induced feed shortages
Importing U.S. corn not cheap
Winnipeg | Reuters — Canadian farmers say they are just days away from running out of feed for cattle, due to severe drought last summer damaging crops needed to fatten them over winter and transportation bottlenecks. The drought devastated Prairie pastures and has now forced feedlots in Alberta, the main cattle-producing province, to buy more […] Read more
Feed weekly outlook: Status quo for now, but change coming
MarketsFarm — Feed grains in Western Canada have been holding close to the status quo for the last little while, but that’s likely to change, according to Jim Beusekom of Market Place Commodities in Lethbridge. He pointed to increases in corn and wheat this week in U.S. futures markets, in which corn has gained about […] Read more
Feed weekly outlook: Alberta bids see slight gains
MarketsFarm — Alberta feedlots are only buying feed barley and wheat on a hand-to-mouth basis as demand remains unchanged, according to a local trader. “A lot of the feedlots we work with are buying what they needed and getting covered,” said Agfinity Inc. senior trader Erin Harakal from Stony Plain, Alta. High-delivered bids are $12.93 […] Read more
Klassen: Feeder markets start 2022 with a roar
Compared to late December, western Canadian yearling prices were quoted $6-$8 higher on average; however, fancier, lower flesh packages in the 850- to 900-lb. category were $10-$12 higher. Calf markets were quite variable. Early in the week, calf prices were relatively unchanged but markets were up $3-$6 by Friday. Ontario buyers were extremely aggressive last […] Read more
Feed weekly outlook: Feedlots, elevators filled with corn
MarketsFarm — As 2022 begins, feed grain markets in Alberta have been “status quo,” according to a grain buyer. “There’s a lot of grain that has been pre-contracted in terms of corn coming in from the United States,” said Brandon Motz of CorNine Commodities at Lacombe, Alta. “Lots of priority has been towards execution, making […] Read more
Feed weekly outlook: Prices to remain steady until spring
MarketsFarm – Feed grains in Western Canada are seeing limited trading during the holiday season, but the demand for feed remains at feedlots. “The trade has been very slow. We’re kind of just in execution mode right now,” said Evan Peterson, trader for JGL Commodities in Moose Jaw, Sask. “Stocks are tight on the farm, […] Read more
Klassen: Feeder market closes year on firm tone
There were no major sales last week; however, a few auction barns held sales with a light run of feeder cattle along with bred cows and bred heifers. Compared to seven days earlier, western Canadian feeder cattle prices were relatively unchanged. Liquidation of the cow herd was the main feature on both sides of the […] Read more
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