Compared to last week, western Canadian yearling prices for 800-lb.-plus cattle traded $8-$10/cwt higher. Feeder cattle in the range of 600-800 lbs. were up $6-$8/cwt on average. Calves weighing 500-600 lbs. were unchanged to $10 higher, although supplies were limited. Feather-light calves under 500 lbs. traded $10 to as much as $30 over week-ago levels. […] Read more
Klassen: Feeder cattle under 500 lbs. jump over $400
U.S. beef output expected down in 2024
Drought expands across Canadian Prairies
Dry conditions push eastward in Manitoba
MarketsFarm — Warm and dry conditions across much of the Prairies in May caused drought conditions to worsen, especially in Alberta, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada. As of May 31, an estimated 79 per cent of the Prairie region was classified as abnormally dry (D0) or in moderate […] Read more
Prairie cash wheat: Hard red spring wheat bids rise
MGEX wheat rally offsets rising loonie
MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, as a rally in Minneapolis spring wheat futures countered the bearish influence of a rising Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $8.80-$10.70 per tonne across the Prairies, according […] Read more
Prairie Forecast: Switch in pattern but summer sticking around
Forecast issued June 7, covering June 7-14
The weather models are doing a good job handling all the heat and humidity that has been driving thunderstorms and breaking temperature records across the eastern half of the Prairies over the last week. To the west it has been a little cooler and drier, with not as much instability to deal with, but nonetheless, […] Read more
Feed weekly outlook: Market in a waiting game
U.S. corn, available wheat keep market supplied
MarketsFarm — The feed grain market in Western Canada is holding relatively steady for the time being as both buyers and sellers wait to get a better handle on new-crop production. “It’s a waiting game at this point between the farmer and the feedlot,” said grain merchant Jay Janzen of CorNine Commodities at Lacombe, Alta. […] Read more
Klassen: Texas flooding lifts Canadian feeder market
Fed cattle in counter-seasonal trend
For the week ending Sunday, western Canadian feeder cattle markets traded $6-$8 higher. In some cases, quality yearling packages traded as much as $10 above week-ago levels. Live and feeder cattle futures closed the week US$8-$9 higher as traders monitored flooding conditions in Texas. Alberta packers were buying fed cattle on a live basis in […] Read more
Rain needed for soybeans, other southern Manitoba crops
Seeded soybeans projected to be up more than 40 million acres from 2022
MarketsFarm – When Toban Dyck started to plant his 600-plus acres of soybeans this year, the soil in the Winkler, Man. area had pretty decent moisture content. But following the combination of hot temperatures and strong winds with little rainfall in May, precipitation is now much needed. “There’s still a little bit of moisture there. […] Read more
Prairie Forecast Update: Forecast pretty much on track
Update issued June 4, covering June 4-7, 2023
The heat and humidity moved into a large portion of the Canadian Prairies late last week and over the weekend as the previous general forecast played out pretty close to what the weather models predicted. There is not much change in the forecast for the next three days. The heat and humidity will continue across […] Read more
Feed weekly outlook: Weather market will determine grain prices
Old-crop pricing is starting to come down
MarketsFarm – To Glen Loyns of JGL Commodities at Moose Jaw, Sask., feed grains on the Canadian Prairies are in a weather market, with prices for barley, wheat and corn quite able to go either way. “If it rains it’s going to be weak. If it’s dry it’s going to be higher. A pretty tough […] Read more
NEW FEATURE: Prairie Forecast: Summer has definitely moved in
Forecast issued May 31, 2023, covering May 31 to June 7, 2023
As we move into the official start of meteorological summer, it is looking like we have left spring behind and summer is here to stay. While this is great for those of us who like heat, humidity and thunderstorms, it can make it difficult to create an accurate forecast. The large areas of low pressure […] Read more
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