MarketsFarm — After copious amounts of precipitation alleviated the most severe drought conditions in Saskatchewan and Alberta, there were still some areas dealing with extreme dryness entering July, according to the Canadian Drought Monitor. At the end of June, only 22 per cent of the Prairie region was classified in the Abnormally Dry (D0) to […] Read more
Drought conditions remain in Alberta, Saskatchewan
Klassen: Feeder cattle market adjusts for lower barley prices
Compared to last week, western Canadian yearling prices climbed $2-$4 on average. Calf markets were unchanged. For the second week in a row, the market was hard to define due to limited numbers on offer. Small packages under five head and single stragglers were common. Larger groups of green thin yearlings were well bid by […] Read more
Prairie cash wheat: Prices take a hard hit
MarketsFarm — Wheat prices on the Canadian Prairies were down hard for the week ended Thursday. Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheats incurred sharp losses as prices tumbled in U.S. markets. Additional pressure came from Statistics Canada’s report on planting intentions for 2022-23. The […] Read more
Feed weekly outlook: Grain prices coming down
MarketsFarm — As futures prices fall back, those for feed have been following, according to Jenny Redshaw, a trader with Agfinity at Stony Plain, Alta. “There are lots of things going on,” she said, noting demand has been somewhat lacklustre. “The feedlots aren’t breaking down any doors,” she added. With prices down across the board […] Read more
StatCan trims Canadian corn, soy acreage estimates
Grain corn acreage still expected up from 2021 level
New Statistics Canada projections show the country’s grain corn and soybean growers have slightly curbed their enthusiasm for those crops compared to their intentions earlier in the year. StatCan on Tuesday released the results of its 2022 June field crop survey, conducted between May 13 and June 12, projecting Canadian corn area at 3.633 million […] Read more
Extreme weather in Manitoba slows planting progress
MarketsFarm – Little progress was made in planting whatever acres remained in Manitoba as extreme weather made its way through the province for the week ended June 26. Provincial seeding progress sat at 93 per cent at a time of year when plantings would be complete, according to the Manitoba Crop Report released on June […] Read more
Klassen: Feeder cattle trend higher, favourable beef outlook
Compared to last week, Western Canadian yearlings traded $8 to as much as $12 higher; mid-weight feeders in the range of 700-800 pounds were also $8-10 higher. Calves under 700 pounds were unchanged to $6 higher. The feeder market took a fortuitous bounce last week. Major feedlots were extremely aggressive on yearlings while supplies were […] Read more
Manitoba Crop Report: Plantings advance, crops threatened by weeds, insects
MarketsFarm – Seeding continues to advance in Manitoba, but recent rains have also hindered progress and emergent crops are being threatened by weeds and insects. Plantings in the province are 91 per cent complete as of June 21, four points higher than the previous week according to Manitoba’s weekly crop report. Typically, the third week […] Read more
Klassen: Barley price forecasts enhance feeder cattle demand
Recent rains nearly guarantee at least average yields
Compared to last week, western Canadian yearling prices were relatively unchanged. Heifer and steer calves were quoted steady to $3 lower on average but the market was harder to define due to limited numbers. Small packages of calves of various quality resulted in the wide-ranging price structure. Buying interest for grassers appears to have subsided. […] Read more
Prairie cash wheat: Bids firm as loonie falls
MarketsFarm — Spring wheat bids in Western Canada moved higher during the week ended Thursday, as heavy losses in the Canadian dollar more than countered the bearish influence of weakening U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4.50-$7.40 per tonne during the week ended Thursday, […] Read more
Cyber-Savvy Farmer
