Reading Time: 2 minutes MarketsFarm — Imported corn from the U.S. is still the grain of choice for feedlots in southern Alberta, despite the fact feed barley is at a slightly lower price right now. Corn traded on Wednesday at around $480 per tonne ($12.19 per bushel) in Lethbridge, said Jim Beusekom, president of Market Place Commodities in Lethbridge. […] Read more
Feed weekly outlook: Corn trading higher than barley
Seeding begins in Alberta
Feed weekly outlook: Seeding on time in southern Alberta
Reading Time: < 1 minute MarketsFarm — As southern Alberta still reels from the effects of last summer’s drought, one trader expects spring seeding for feed grains to be on time. “I think it should be on schedule this year,” said Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. Planting has already started in some places around […] Read more
Feed weekly outlook: U.S. corn imports getting expensive
Reading Time: < 1 minute MarketsFarm — As barley and wheat supplies for feed remain tight, demand for corn imports from the U.S. remains strong — but a rally in corn over the last couple of weeks is putting strain on the market, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “It is definitely deterring sales and/or purchases […] Read more
Feed weekly outlook: Low demand, fewer acres expected for cheaper feed barley
Reading Time: 2 minutes MarketsFarm — As corn became the primary feed grain at Alberta feedlots over the past few months, the demand for — and price of — feed barley have diminished over time. But according to one trader, this won’t mean demand will shift from corn to barley anytime soon. Evan Peterson of JGL Commodities in Saskatoon […] Read more
Feed weekly outlook: Corn prices steady, growers watch weather
Reading Time: 2 minutes MarketsFarm — Days after a work stoppage at Canadian Pacific Railway (CP) came to an abrupt end, prices for corn have been relatively stable, according to one trader. Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge said there has been little price movement for the feed grain staple recently as most feedlots are already set […] Read more
Feed weekly outlook: Prices likely to hold firm after CP stoppage
Reading Time: < 1 minute MarketsFarm — Feed prices have remained fairly steady over the last week and are likely to continue to do so in the coming week, according to Erin Harakal, senior trader for Agfinity at Stony Plain, Alta. “I don’t see anything drastically changing in the next week,” she said. Harakal added there was nervousness in the […] Read more
Feed weekly outlook: Sector bracing for logistics challenge
A CP lockout could put feeders weeks behind in supplies
Reading Time: < 1 minute MarketsFarm — Feed grain buyers in Alberta’s feedlot alley are well covered with contracted supplies, but the logistics of getting that grain where it needs to be are facing some uncertainty with looming labour action at Canadian Pacific Railway. Buyers in feedlot alley are about 80 per cent covered right now, said Jim Beusekom of […] Read more
Feed weekly outlook: Fuel, other factors to affect grain prices
Reading Time: 2 minutes MarketsFarm — As fuel prices continue to rise due to Russia’s invasion of Ukraine, surcharges for grain shipments are also increasing — leaving many to wonder about feed grain costs moving forward. “I think we will be seeing an effect coming up,” said Brandon Motz, owner and sales manager of CorNine Commodities at Lacombe, Alta. […] Read more
Klassen: Surge in feed grain prices shocks feeder cattle market
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $3-$5 lower on average. Feeder cattle weighing 650 to 800 lbs. were relatively unchanged to $3 lower. Calves under 650 lbs. were steady to $4-$6 lower in Alberta, unchanged in Saskatchewan and $3-$5 higher in Manitoba. Fleshier yearlings and calves were heavily discounted last week with […] Read more
Low demand for barley keeps prices stable
Wheat's volatility not reflecting onto barley values
Reading Time: < 1 minute MarketsFarm — Unlike the dramatic leaps wheat prices have made since the Russian invasion of Ukraine 12 days ago, malt barley prices have moved very little, according to Kris Moric of Johnston’s Grains in Calgary. Wheat “is not pulling barley prices with it, as far as we can see on our end,” Moric said, noting […] Read more
A message from April Stewart, Country Guide's Associate Editor
