Reading Time: 2 minutes MarketsFarm — A sharp reduction of wheat acres in war-torn Ukraine and poor crop conditions in the United States all brought support to wheat bids in Western Canada for the week ended Thursday. Russia’s invasion of Ukraine has not only posed major difficulties exporting grain out of the country, but will also prevent wheat acres […] Read more
Prairie cash wheat: Bids up on Ukraine projections, poor U.S. winter wheat conditions
U.S. May wheats up on week
Drought severity easing across much of Prairies, AAFC reports
Reading Time: < 1 minute MarketsFarm — Drought conditions persisted across much of the Prairies during the month of March, although the extent and severity of the dryness was reduced in many areas, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada (AAFC). “While there have been substantial improvements to drought conditions across Western Canada since last […] Read more
Avian flu hits Alberta poultry farms
Three more poultry farms, one backyard flock also infected in Ontario
Reading Time: 2 minutes Three poultry flocks in central Alberta have now joined an expanding list of Canadian commercial poultry farms hit by highly pathogenic avian influenza. The Canadian Food Inspection Agency said Thursday it had confirmed high-path H5N1 avian flu on Wednesday in two commercial poultry flocks in Mountain View County, between Calgary and Red Deer, and in […] Read more
Feed weekly outlook: Low demand, fewer acres expected for cheaper feed barley
Reading Time: 2 minutes MarketsFarm — As corn became the primary feed grain at Alberta feedlots over the past few months, the demand for — and price of — feed barley have diminished over time. But according to one trader, this won’t mean demand will shift from corn to barley anytime soon. Evan Peterson of JGL Commodities in Saskatoon […] Read more
Alberta looks into ‘isolated’ case of PED
Feed, other objects considered possible sources
Reading Time: 2 minutes The source of what’s believed to have been an “isolated” recent case of porcine epidemic diarrhea (PED) in southern Alberta was likely either feed or some object brought into the barn, veterinary officials say. The chief provincial veterinarian’s office said it was informed by a private veterinarian on Feb. 24 of a suspected case of […] Read more
Klassen: Steady fed cattle market supports feeder complex
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were $2-$4 higher on average while calves were steady to as much as $5 higher. Alberta packers were buying fed cattle on a dressed basis in the range of $273-$275 delivered; live prices were quoted at $161 f.o.b. the feedlot. There is a severe backlog of market-ready […] Read more
Prairie cash wheat: Peace talks, USDA report pull on wheat futures
Reading Time: 2 minutes MarketsFarm — While peace prospects in Ukraine brought pressure onto wheat futures early on, a U.S. Department of Agriculture report caused the prices for two major western Canadian wheat varieties to close at different levels for the week ended Thursday. On the Chicago Board of Trade (CBOT), wheat futures declined when talks between Russia and […] Read more
Klassen: Feeder market showing strength in deferred positions
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were $3-$5 lower on average while calves traded steady to $4 lower. Outside central Alberta, the steer-heifer spread appeared to widen by $2-$4. Strength in corn futures contributed to the defensive tone. Feedlot operators buying hand-to-mouth have been caught off guard with the recent jump in feed […] Read more
Prairie cash wheat: Spring wheat nudges higher, durum dips
Reading Time: 2 minutes MarketsFarm — Wheat prices on the Prairies during the week ended Friday saw moderate gains in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats while Canada Western Amber Durum (CWAD) eased slightly. The war in Ukraine continued to play havoc in the markets. After strong increases at the start of the […] Read more
Feed weekly outlook: Prices likely to hold firm after CP stoppage
Reading Time: < 1 minute MarketsFarm — Feed prices have remained fairly steady over the last week and are likely to continue to do so in the coming week, according to Erin Harakal, senior trader for Agfinity at Stony Plain, Alta. “I don’t see anything drastically changing in the next week,” she said. Harakal added there was nervousness in the […] Read more
A message from April Stewart, Country Guide's Associate Editor
