Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged. Heifer and steer calves were quoted steady to $3 lower on average but the market was harder to define due to limited numbers. Small packages of calves of various quality resulted in the wide-ranging price structure. Buying interest for grassers appears to have subsided. […] Read more
Klassen: Barley price forecasts enhance feeder cattle demand
Recent rains nearly guarantee at least average yields
Prairie cash wheat: Bids firm as loonie falls
Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada moved higher during the week ended Thursday, as heavy losses in the Canadian dollar more than countered the bearish influence of weakening U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4.50-$7.40 per tonne during the week ended Thursday, […] Read more
Feed weekly outlook: Rains boost Prairie grain prospects
Reading Time: < 1 minute MarketsFarm — Heavy rains in Alberta and western Saskatchewan over the past week should give grain crops a good start to the growing season — and put some pressure on the feed grain market, which remains at historically high prices after last year’s drought. The rain “will kick the production can a fairly good ways […] Read more
Klassen: Rains enhance demand for grass cattle
Deferred cattle futures showing strength
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged; steer calves under 700 lbs. were steady to $2 higher on average; heifer calves were steady to $5 higher. Southern Alberta, along with the western half of Alberta, received 30-40 mm of rain over the week which enhanced demand for […] Read more
Prairie cash wheat: Spring wheat up, durum pulls back
Reading Time: 2 minutes MarketsFarm — Wheat prices on the Canadian Prairies were mixed during the week ended Thursday. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats incurred moderate gains, as Canada Western Amber Durum (CWAD) fell back. Good upticks in the U.S. wheat complex fueled price increases in Western Canada, along with a weaker […] Read more
Rains bring much-needed moisture to Alberta’s south
Reading Time: 2 minutes MarketsFarm — Rains across southern and central regions of Alberta were both much-needed and well-received during the week ended Tuesday. Both regions received 20 to 50 millimetres of precipitation, according to the province’s weekly crop report released Friday. The amount of rain that fell onto the south region was equivalent to the amount of precipitation […] Read more
Drought worsens in Alberta, but eastern Prairies wet
Reading Time: < 1 minute MarketsFarm — Highly varied precipitation across the Canadian Prairies in May saw drought conditions worsen in southern Alberta while parts of Manitoba and Saskatchewan were becoming too wet, according to the latest federal Drought Monitor report. The report, released by Agriculture and Agri-Food Canada (AAFC) for the period ended May 31, showed that overall, 19 […] Read more
Feed weekly outlook: Prices slip slightly
Reading Time: < 1 minute MarketsFarm — There has been scant movement in feed grain prices over the last week, according to Susanne Leclerc of Market Master Ltd. in Edmonton, who noted demand has backed off a little. Buyers have stepped away following rains throughout much of the province, including the drought-stricken south. In turn, she said, prices “softened slightly.” […] Read more
Pulse weekly outlook: Lentils planted, now it’s wait-and-see
Reading Time: 2 minutes MarketsFarm — As planting of lentils on the Canadian Prairies has pretty much wrapped up for 2022, prices have been holding firm, according to Colin Young of Midwest Grain Ltd. at Moose Jaw. “In pulses right now, this is the naturally quiet time of the year. We’re ramping old-crop into new-crop,” Young said. “Prices are […] Read more
Klassen: Negative feeding margins temper strength in feeder market
Reading Time: 2 minutes Compared to last week, western Canadian yearlings weighing over 800 lbs. traded steady to $2 lower on average. Feeder cattle under 800 lbs. were relatively unchanged. Alberta packers were buying fed cattle on a dressed basis at an average price of $288 delivered, down from the range of $288-$290 seven days earlier. Using a 60 […] Read more
A message from April Stewart, Country Guide's Associate Editor
