Compared to last week, quality yearling packages traded $6-$10/cwt higher. In some cases, prices were up as much as $12/cwt. Calf markets were relatively unchanged although the market was hard to defined due to limited volumes. Pastures are drying up in Saskatchewan and certain area of eastern Alberta. Yearlings from these regions are coming on […] Read more
Klassen: Feeder market continues climb
Futures spur larger feedlots to lock in ownership
Prairie Forecast Update: Low pushes southeast instead
The area of low pressure that was predicted to develop over central Alberta on Monday, July 17th still looks on track to develop. This will mean clouds and showers over north-central regions of Alberta late on Monday and into early Tuesday. There may be some thunderstorms overnight Monday over south-central regions. This low was originally […] Read more
Feed weekly outlook: Dryness helps push up grain prices
Market seen shifting between 'no need' and 'giant need'
MarketsFarm — As dry conditions continued to take root across much of the Canadian Prairies, feed grain prices have for the most part been climbing, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “The futures are coming up on quite a few commodities, so the prices have been coming up slightly,” Leclerc said […] Read more
Weather outlook not great for Prairie crops
U.S. northern Plains in a similar boat
MarketsFarm — Just when crops across the Canadian Prairies need rain, the outlook to the end of July according to Drew Lerner of World Weather Inc. pointed to conditions getting hotter and drier. “It does not look really good at the moment. We are going to see below normal rainfall and warmer than normal temperatures […] Read more
Prairie Forecast: Large Hudson Bay low dominates
Forecast issued July 12, covering July 12-19
As the weather models correctly predicted, a large and extremely strong area of low pressure formed over Hudson Bay during the last forecast period, bringing the expected cool and unsettled weather to the eastern half of the Prairies. Over the western half of the Prairies a weak upper-level ridging brought, for the most part, sunny […] Read more
Manitoba sunflowers doing well with fewer acres
Few pest, weed problems appear so far
MarketsFarm — Despite fewer acres under hot and dry conditions, things are going well for Manitoba’s sunflower crop. Out of the 88,000 acres planted for sunflowers across Canada, 77,000 of them are in Manitoba, according to Statistics Canada’s (StatCan) principal field crop acreage estimates released June 28. Both figures represent the fewest number of acres […] Read more
Prairie cash wheat: Weather, rising futures lift bids
Dry weather persisted for much of Prairies
MarketsFarm — Dry weather for most of the Prairies, as well as rising wheat prices in the U.S., lifted western Canadian wheat bids, some to more than $400 per tonne, for the week ended July 6. With the exception of thunderstorms and sporadic precipitation in Alberta, dryness persisted across much of the Prairies, albeit with […] Read more
Feed weekly outlook: Falling corn prices not spurring new demand
Feed barley bids in Alberta, Manitoba up from month-ago
MarketsFarm — Falling prices for U.S. corn futures on the Chicago Board of Trade (CBOT) are having little effect on shipments going to Alberta feedlots, according to one grain buyer. The September corn contract fell to its lowest price since January 2021 when it dropped to US$4.79 per bushel on Wednesday, before closing at US$4.8525/bu. […] Read more
Prairie Forecast: Big change in weather pattern
Issued July 5, covering July 5-12
Most people have been saying that June felt like July and the weather statistics agreed. Well, if the weather models are correct, it’s looking like July will feel more like June — at least for the next forecast period. Here is the big picture before we dive into the details for each of the three […] Read more
Klassen: U.S. feeder markets pull Canadian values higher
Feedlots aggressively seek U.S. corn
For the week ending July 1, western Canadian feeder markets traded $2-$5/cwt higher compared to seven days earlier. Quality groups of yearlings were up $8-$10/cwt from a week earlier. South of the border, major markets in Oklahoma had feeder steers and heifers trading US$5-$10/cwt above week-ago levels. The Canadian market is functioning to ration demand […] Read more
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