Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded steady to $2 higher on average. Alberta packers were buying fed cattle on a dressed basis in the range of $353-$357/cwt delivered last week, up from the average price of $348/cwt delivered seven days earlier. Strength in the fed cattle market continues to support the […] Read more
Klassen: Feeder market eyes feed grain complex
Downside expected in new-crop barley prices
Klassen: Stronger fed cattle market pulls feeders upward
Feedlots becoming more current with production
Reading Time: 2 minutes Compared to last week, western Canadian yearling and calf markets were quoted steady to $5 higher on average. Strength was noted in southern Alberta. In the Lethbridge area, prices for lighter flesh replacements were up as much as $10 from seven days earlier. Larger supplies of backgrounded cattle are coming on the market at this […] Read more
Prairie cash wheat: Red spring wheats gain ground, durum dips
U.S. futures, Canadian dollar up on week
Reading Time: 2 minutes MarketsFarm — Wheat prices on the Canadian Prairies saw upticks in the red spring varieties during the week ended Thursday, while durum stepped back a little. A strong upswing in the U.S. wheat complex lent support to Canadian cash prices, but a slightly higher dollar tempered further increases. There’s continued dryness in the U.S., especially […] Read more
Feed weekly outlook: Grains wait for demand to pick up
Trucking availability still seen as an issue, but less of one
Reading Time: < 1 minute MarketsFarm — As feed barley continued to sit in a lull, there have been some increases in feed wheat, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “There’s a little of downward pressure on barley,” Motz said, noting demand for it is expected to soon pick up. Feed wheat prices have increased recently, […] Read more
Klassen: Feeder market scaling fresh heights
Heifer retention expected in U.S. this spring
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $5 to as much as $10 higher. Replacements in the 650- to 800-lb. category were up $6-$12; calves under 650 lbs. were relatively unchanged although volumes were limited. Lightweight calves were hard to come by last week. Weather may have been a factor. Many factors contributed […] Read more
McCain to double Alberta french fry plant capacity
Lethbridge-area plant to more than double staff count
Reading Time: 2 minutes Alberta’s plans to boost its irrigated acres are being met near the starting line with a major french fry producer’s plans to double the capacity of its plant there. McCain Foods announced Monday it will put up $600 million to build two new production lines for frozen french fries and potato specialty goods at its […] Read more
Prairie cash wheat: U.S. futures drag down wheat bids
Potential for more interest rate hikes remains
Reading Time: 2 minutes MarketsFarm — Hawkish comments from the chair of the U.S. Federal Reserve and the possible renewal of the Black Sea Grain Initiative brought down wheat futures on the Chicago Board of Trade (CBOT) for the week ended Thursday — and, in turn, pressured western Canadian wheat bids. In front of the U.S. Senate banking committee […] Read more
Feed weekly outlook: Corn the choice crop in feedlots
'Bigger feedlots are looking for volume'
Reading Time: < 1 minute MarketsFarm — Copious amounts of corn are still being delivered to feedlots in southern Alberta despite slowly declining prices for other feed grains. “Corn is coming down over the last little bit,” Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge said. “You think that there would be a little bit more barley hitting the market. […] Read more
Adama’s lambda-cy products to be available this year
Company to continue selling Silencer, Zivata after recall
Reading Time: 3 minutes The Canadian arm of ag chem firm Adama says it’s relabelled its inventories of lambda-cyhalothrin insecticide products Silencer and Zivata and will have them available for sale to farmers in 2023. The company had said last November it wasn’t yet sure those products would be available this year under an approaching deadline following a 2021 […] Read more
Klassen: Feeder market continues the climb
Statistics show tightening supplies in Canada, U.S.
Reading Time: 2 minutes Compared to last week, western Canadian feeder markets yearling markets traded $2-$5 higher. Replacements in the 700- to 800-lb. weight category appeared to jump $5 to as much as $15 in some cases. Calves weighing 500-700 lbs. were unchanged to $4 higher on average after rallying nearly $20 over the past month. There were limited […] Read more
A message from April Stewart, Country Guide's Associate Editor
