Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Calves in the range of 600-800 lbs. traded steady to $4 higher. Calves under 600 lbs. were $1-$2 higher in Alberta and Saskatchewan but traded $2-$3 lower in Manitoba. Alberta feedlot operators appeared to shrug off the geopolitical events last […] Read more
Klassen: Feeder market shows resilience
Prairie cash wheat: Spring wheat bids higher, activity choppy
MarketsFarm — Spring wheat bids across Western Canada moved higher during the week ended Thursday as gains in U.S. futures and a weaker tone in the Canadian dollar provided support. Russia’s invasion of Ukraine contributed to gains in wheat futures, but the volatile situation led to large price swings in the markets with values backing […] Read more
Klassen: Weather factors influence calf prices
Compared to last week, western Canadian yearling markets traded $4 lower to as much as $5 higher. Mid-weight feeder cattle traded relatively unchanged with strong demand noted on steers. Steer calves were firm, trading $2-$5 higher while heifer calves traded $4-$5 on either side of unchanged. The market was hard to define for calves and […] Read more
Prairie cash wheat: Red spring up, durum pulls back
U.S. wheat futures up on week
MarketsFarm — Wheat prices on the Prairies during the week ended Thursday saw increases for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) and declines for durum (CWAD). The Russia-Ukraine border crisis spurred a good part of the increases in U.S. wheat markets. The ongoing threat of war could harm wheat production […] Read more
Flooding in Manitoba hinges on coming spring melt
MarketsFarm — Manitoba’s Hydrologic Forecast Centre (HFC) released an initial spring flood outlook report Friday citing the risk of moderate to major flooding in most the province’s southern basins. Transportation and Infrastructure Minister Doyle Piwniuk said the amount of flooding will depend on weather conditions from now until spring melt. The HFC advised that, while […] Read more
Manitoba border blockade expected to end Wednesday
'Resolution' reached, Mounties say
Another protest blockade of a key Canada-U.S. trade corridor is expected to wrap up by Wednesday. Manitoba RCMP on Tuesday reported they “are now confident that a resolution has been reached” with protestors who, since Thursday, have blockaded Highway 75 leading to the border crossing at Emerson, Man., about 100 km south of Winnipeg. The […] Read more
Klassen: Demand increases for lighter-weight feeder cattle
Compared to last week, western Canadian yearling prices were unchanged to $4 higher. Mid-weight feeders from 660 to 750 pounds traded $2 to as much as $6 higher on average. Feeder cattle in the 550- to 650-lb. range traded $4 to as much as $10 higher. Feeder cattle under 550 lbs. were up $10-$20 depending […] Read more
Drought conditions ease slightly across Prairies
MarketsFarm — Mixed precipitation throughout January helped drought conditions improve across much of the Canadian Prairies during the month, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada (AAFC), released Tuesday. Conditions have deteriorated in some areas, however, and the majority of Western Canada was still in some kind of drought state. […] Read more
Klassen: Diverse price behaviour seen in feeder market
Last week’s price action in western Canadian feeder markets was quite variable. Yearling prices were steady to $4 lower on average across the Prairies. Mid-weight cattle were down $3-$4 in Alberta and $2-$4 higher in Manitoba. Calf prices were also mixed. In eastern Saskatchewan and Manitoba, calves traded $2 to as much as $8 above […] Read more
Klassen: Feeder market establishes short-term stability
Compared to last week, western Canadian feeder cattle traded $2-$4 on either side of unchanged. Steady demand was noted on 800-plus-pound cattle, but calves and lighter weights experienced softer buying interest. Favourable weather and optimal pen conditions along with firmer live cattle futures supported the yearling market. Imports of U.S. corn continue to run 10-14 […] Read more
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