Reading Time: 2 minutes MarketsFarm — The prospect of rain over drought-stricken southern Alberta, with Calgary and Lethbridge possibly seeing at least 30 millimetres from June 4 to 7, would seem to be a godsend for growers. However, recent history suggests the moisture may not matter in the long term, according to Mike Fleischhauer of Eagle Commodities Ltd. at […] Read more
Feed weekly outlook: Rains forecast for southern Alberta
Environment Canada sees cool summer for Manitoba
Reading Time: < 1 minute MarketsFarm — Manitoba and eastern Saskatchewan could be in for a cooler-than-normal summer, according to the latest long-range outlook from Environment Canada. The latest seasonal forecast from the government agency, released Tuesday, calls for a 40 to 80 per cent chance of below normal temperatures from June through August across all of the agricultural regions […] Read more
Klassen: Steady demand supports feeder cattle prices
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Weakness in deferred live cattle futures and uncertainty in the feed grain market tempered the upside for all weight categories of replacement cattle. Alberta packers were buying fed cattle on a dressed basis in the range of $288-$290 delivered, steady to $2 lower […] Read more
Prairie cash wheat: Talk of Black Sea corridor weighs on week’s bids
Reading Time: 2 minutes MarketsFarm — The prospect of Russia allowing food shipments to leave Ukraine — albeit with a few concessions — was the key factor in declining bids for western Canadian wheat during the week ended Thursday. Russian Deputy Foreign Minister Andrei Rudenko on Wednesday said his country is ready to provide a humanitarian corridor in the […] Read more
Feed weekly outlook: Feedlots shopping for new-crop barley
Reading Time: < 1 minute MarketsFarm — While corn imported from the U.S. was the grain of choice for Alberta feedlots for the past few months, feed barley has slowly become more in demand. Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta., explained that some feedlots were already having their cattle feed on grass as summer approaches. […] Read more
Klassen: Canadian feeder market divorces from feeder cattle futures
Timing of new-crop feed grains leads to shift
Reading Time: 2 minutes Compared to last week western Canadian yearling markets traded $3-$4 on either side of unchanged. The quality was quite variable resulting in the wide price structure; however, decent genetic and lower flesh packages were red hot. Feedlot operators were extremely aggressive on 700- to 800-lb. steers although higher weight categories were also well bid. Auction […] Read more
Klassen: Feeder market develops two-tier price structure
Reading Time: 2 minutes Compared to last week, western Canadian yearlings markets traded $2-$4 higher on average; feeder cattle in the 600- to 800-pound weight category were up $3 to as much as $6 while calves under 600 lbs. traded $4-$8 higher. The Canadian dollar strengthened on Friday but the softer tone from Monday through Thursday contributed to the […] Read more
High-path avian flu reaches Vancouver Island
Saskatchewan extends ag fair ban for birds; B.C. restarts lab testing; FCC to offer flexibility
Reading Time: 3 minutes North America’s latest round of highly pathogenic avian influenza outbreaks has now made its way from one end of Canada clear to the other. The Canadian Food Inspection Agency on Tuesday confirmed Canada’s westernmost case ever of high-path avian flu in domestic birds, finding an H5N1 virus in a small-scale poultry flock in the Regional […] Read more
Prairie cash wheat: Bids climb higher
Reading Time: 2 minutes MarketsFarm — A rally in U.S. wheat futures together with a downturn in the Canadian dollar combined to take Prairie wheat bids sharply higher during the second week of May. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $40.80-$45 per tonne during the week ended May 12, according […] Read more
Feed weekly outlook: Market watching new-crop weather
Reading Time: < 1 minute MarketsFarm — With excessive moisture in the eastern Prairies and persistent drought in southern Alberta, uncertainty over new-crop grain production is keeping some caution in the feed market. The spot market is relatively steady as the market waits for a better picture on this year’s growing conditions. “A lot of the feedlots have all the […] Read more
A message from April Stewart, Country Guide's Associate Editor
