This forecast starts with an area of low pressure over northern Ontario and a resulting push of cool air over the eastern half of the Prairies. Over the western half of the Prairies, a weak ridge of high pressure is moving in. This will bring sunny skies and average or above average temperatures.
Prairie forecast: Mild pattern trying to hold on
Klassen: Canadian feeder markets trades premium to U.S. values
For the week ending October 19, Western Canadian yearling markets traded $3 to $5 on either side of unchanged compared to seven days earlier. Calf prices were $5 to as much as $10 higher. Strength in the deferred live cattle futures along with the weaker Canadian dollar has resulted in positive margins on incoming calves. Therefore, the calf market has developed a floor price.
Prairie forecast: No snow – yet
Forecast issued Oct. 16, covering Oct. 16 to 23, 2024
As we work our way towards winter, we'll eventually have to start talking about snow... but it looks like that type of weather is at least another week away. Instead, the models show unseasonably warm weather continuing across much of the Prairies over this forecast period.
Klassen: Calf market ratchets higher
For the week ending October 12, the Western Canadian prices for yearlings off grass and backgrounding operations were relatively unchanged from seven days earlier. The Lethbridge market for calves was up $8-$10 from week-ago levels while calf markets in the non-major feeding regions were up a solid $4-$6 on average.
Manitoba crop report: Most of the harvest off the field
Combining in Manitoba advanced 12 points at 85 per cent complete for the week ended Oct. 7. While some crops made great amounts of progress, others did not. The largest gains were made in the province's soybean and flax harvests as they are up 41 points apiece at 70 and 61 per cent finished respectively.
Prairie forecast: Mild temperatures to continue
Forecast issued Oct. 9, covering Oct. 9 to 16, 2024
As this forecast period starts, the Prairies are feeling the effects of an upper ridge as it slowly slides eastwards and breaks down thanks due to low-pressure tracking over the ridge. Here is where things get interesting. Overall, the models have consistently shown an area of low-pressure tracking over the ridge late this week and over the weekend. This low is forecasted to drop southeastwards and deepen dramatically.
Klassen: Feeder markets experience stronger demand
For the week ending October 5, Western Canadian prices for grass yearlings were steady to as much as $10 higher while values for backgrounded yearlings were relatively unchanged. Calf markets were quite variable with preconditioned 650-800 pound calves trading $4-$8 above week-ago levels. Prices for non-weaned bawlers were relatively unchanged.
Manitoba Crop Report: Dry weather advances harvest to 73 per cent
Warm and dry weather during the week ended Sept. 30, 2024 allowed Manitoba's harvest to advance 15 points at 73 per cent completion.
Prairie forecast: Widespread frost then turning warmer
Forecast issued Oct. 2, covering Oct. 2 to 9, 2024
A large, deep area of low pressure is spinning over eastern Hudson Bay. Weak high pressure stretches across the northern part of the U.S. and into the southern Prairies. The strong counterclockwise rotation around the Hudson Bay low is pushing plenty of cool air southwards across the Prairies. Most regions have a good chance of frost early in this forecast period.
Klassen: Western Canadian calf markets percolate higher
Strength in the deferred live cattle futures has spilt over into the feeder complex. Alberta and Saskatchewan placements in the lighter weight categories are down from year-ago levels which is resulting in stronger Alberta fed cattle basis levels for next spring. These are the main factors influencing the calf markets in Western Canada.
Cyber-Savvy Farmer
