Reading Time: 2 minutes Strength in the deferred live cattle futures has spilt over into the feeder complex. Alberta and Saskatchewan placements in the lighter weight categories are down from year-ago levels which is resulting in stronger Alberta fed cattle basis levels for next spring. These are the main factors influencing the calf markets in Western Canada.
Klassen: Western Canadian calf markets percolate higher
Prairie forecast: Cooler, but still warmer than average
Forecast issued Sept. 25, covering Sept. 25 to Oct. 2, 2024
Reading Time: 3 minutes Despite a fairly unsettled pattern over the last forecast period, the weather models did a pretty good job of the forecast. For this forecast period, things should settle down a bit with a ridge of high pressure starting off our forecast. That doesn't mean that we won’t see any areas of low pressure, but unsurprisingly, the weather pattern is slowly shifting towards more of a fall pattern. That means quicker moving systems.
Klassen: Western Canadian feeder market demand remains firm
Reading Time: 2 minutes Ontario buying interest was evident in Manitoba yearling markets. U.S. buyers were more interested in lighter calves and were shopping for pre-conditioned groups of sizeable volume. Certain finishing operators in Alberta were more aggressive on grass yearlings after waiting for lower prices earlier in the season.
Prairie forecast: Weather pattern has undergone a shift
Reading Time: 3 minutes This forecast period starts with one of the northwestern U.S. lows slowly lifting northwards. The unsettled weather that started the week across parts of Saskatchewan and much of southern Manitoba looks to continue. It appears the low will only move out late Friday or early Saturday. Even parts of southern Alberta my see some rainfall from this low on Wednesday.
Klassen: Discounts start to appear in the feeder market
Reading Time: 2 minutes For the week ending September 14, Western Canadian feeder cattle prices were relatively unchanged compared to seven days earlier. However, yearling quality has become quite variable resulting in a diverse price structure.
Alberta weekly crop report: Harvest yields are coming in lighter than expected
Reading Time: 2 minutes Combining of major crops in Alberta progressed 23 points during the week ended Sept. 10, reaching 54 per cent, according to the province's latest weekly crop report. While dry weather helped to advance the harvest, crop yields were not meeting expectations.
Prairie forecast: Cooler and wetter in the west, dry and warm in the east
Forecast issued Sept. 11, covering Sept. 11 to 18, 2024
Reading Time: 4 minutes Our weather pattern looks to be on the brink of a shift as a trough of low pressure begins to develop along the West Coast.
For those of you in Alberta, this will mean cooler and wetter conditions. In Manitoba, it looks like summer will continue for at least one more week. If you are in Saskatchewan, well, you will be stuck in the middle of these two features.
Klassen: Feeder cattle markets in price discovery mode
Reading Time: 2 minutes For the week ending September 7, Western Canadian yearling markets traded steady to $5/cwt higher in Alberta but steady to $6/cwt lower in Saskatchewan and Manitoba compared to seven days earlier. Major feedlots in Alberta appear to be focusing on local cattle. The calf market is in price discovery mode with prices quoted $10/cwt higher to $10/cwt lower.
Alberta’s harvest ahead of average pace
Reading Time: 2 minutes Combining in Alberta reached 20 per cent complete as of Aug. 27, according to the latest provincial crop report issued Aug. 30. The harvest was eight points ahead of the five-year average. Also, nine per cent of Alberta’s crops have been swathed and 70 per cent remain standing.
Feed Grains Weekly: Rail disruptions push up Alberta prices
Reading Time: < 1 minute Feed prices in Alberta climbed 20 cents per bushel the week ended Aug. 29, likely according to last week's rail disruption, according to Susanne Leclerc of Market Master Ltd. in Edmonton.
A message from April Stewart, Country Guide's Associate Editor
