Reading Time: 2 minutes MarketsFarm — Statistics Canada’s (StatCan) grain stocks report issued earlier this week largely met trade expectations, according to Winnipeg-based independent trader Jerry Klassen. The survey-based report, which estimated the country’s grain stocks as of Dec. 31, was neutral for spring wheat, supportive of durum, and pointed toward barley being somewhat bullish come spring, he said. […] Read more
Feed weekly outlook: Grain stocks set tone for barley, wheat
Barley expected to go bullish in April, May
Alberta plans new ag processing tax credit
Incentive to be introduced in 2023 budget
Reading Time: < 1 minute Alberta has telegraphed plans for a new provincial tax credit in its upcoming budget to spur development in the ag processing sector. The province on Tuesday announced plans for what it calls the Alberta Agri-Processing Investment Tax Credit — a 12 per cent, “non-refundable” tax credit for corporations making capital investments in “value-added agri-processing” in […] Read more
Klassen: Larger supplies of backgrounded cattle weigh on feeder complex
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded steady to $3 lower. Calf prices were quoted $5 lower to $3 higher. Backgrounded cattle appeared to have a softer tone as more numbers come on the market. Usually, the bulk of the volume for backgrounded cattle are animals over 850 lbs. However, this year, the […] Read more
Prairie cash wheat: Spring wheat bids edge higher
U.S. wheat futures supportive; durum bids down
Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, underpinned by gains in U.S. wheat futures. However, durum bids lost some ground. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by between 10 cents and $5.80 per tonne across the Prairies, according […] Read more
Feed weekly outlook: Prairie markets hold steady
U.S. corn imports keep lid on domestic grains
Reading Time: < 1 minute MarketsFarm — Feed grain markets in Western Canada have seen little change over the past few weeks. Feed barley bids across Western Canada have generally held steady over the past month, with the spot market topping out at $9.58 per bushel in Alberta, according to Prairie Ag Hotwire data. Prices in Manitoba and Saskatchewan are […] Read more
Alberta poultry sector gets late entry for AgriStability
Participation deadline extended to end of month
Reading Time: 2 minutes In the wake of avian influenza outbreaks in the region, Alberta poultry producers have been granted a late participation option to sign up for the federal/provincial AgriStability income stabilization program. Provincial Ag Minister Nate Horner on Wednesday announced the two levels of government have reached an agreement to allow poultry producers late participation in AgriStability […] Read more
Klassen: Feeder market percolates higher amid finicky buyers
Ontario feedlots bring demand for West's calves
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded steady to $4 higher on average. Certain pockets in Manitoba and eastern Saskatchewan had steer calves up $4-$8 from week-ago levels. Alberta values were relatively unchanged from seven days earlier on all weight categories. Steady demand was noted from Ontario feedlots for calves while Alberta […] Read more
Borderline city hosts interprovincial food trade pilot
Trade barrier on pause for two years for food businesses serving Lloydminster
Reading Time: 3 minutes The idea of loosening interprovincial trade in certain foods made by provincially-inspected processors will get a major test in one of Canada’s very few province-crossing municipalities. The Saskatchewan, Alberta and federal governments on Jan. 19 announced the start of a two-year pilot project within the limits of Lloydminster, a city of over 31,000 people straddling […] Read more
Préval closes deal for Alberta lamb processor, feedlot
Quebec firm picks up defunct NALCO's Alberta assets
Reading Time: 2 minutes Quebec agrifood firm Préval Ag has wrapped up its deal to buy the Alberta processing and production assets of the defunct North American Lamb Co., marking Préval’s first move into the lamb sector outside its home province. As per Alberta Farmer’s report last week, Préval confirmed Monday its divisions Westfine Meats and West Excelamb are […] Read more
Prairie cash wheat: Bids mixed as U.S. futures rise
Rising Canadian dollar adds pressure
Reading Time: 2 minutes MarketsFarm — Canada Western Red Spring and Canada Western Amber Durum wheat prices declined while bids for Canada Prairie Spring Red rose during the week ended Jan. 26. Wheat futures in the U.S. fell Monday, with the March contracts on the Chicago Board of Trade (CBOT) dropping 21 to 29 U.S. cents due to spillover […] Read more
A message from April Stewart, Country Guide's Associate Editor
