Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Lower flesh yearlings appeared to trade $2-$3 higher in certain pockets of Alberta but replacements carrying excessive butter experienced severe discounts of $6 to as much as $10 in some cases. October and December live cattle futures made fresh contract highs, which underpinned […] Read more
Klassen: Feeder market digests USDA acreage report
Klassen: Feeder cattle market exhibits defensive tone
Reading Time: 2 minutes March 30 — Compared to the previous week, western Canadian feeder cattle markets traded steady to $3 lower on average. Alberta packers were buying fed cattle on a dressed basis in the range of $245-$249 delivered, down from the average value of $250 seven days earlier. Deteriorating feeding margins set a negative tone for the […] Read more
Prairie cash wheat: Bids mixed with falling futures, weaker loonie
Reading Time: 2 minutes MarketsFarm — Bids in Western Canada were mixed this week for Canada Western Red Spring (CWRS) wheat and steady to lower for Canada Prairie Spring Red (CPSR) and durum (CWAD). Lower prices in U.S. wheat markets weighed on values, while a weaker Canadian dollar provided support. Average CWRS (13.5 per cent protein) wheat prices were […] Read more
Top court upholds federal carbon pricing policy
Farm groups, fearing unsustainable costs, press for next steps
Reading Time: 3 minutes Calgary/Ottawa | Reuters — Canada’s Supreme Court ruled in favour of the federal government’s carbon pricing policy on Thursday, upholding a central pillar of Prime Minister Justin’s Trudeau’s climate plan and infuriating some provinces that opposed it. The country’s top court said climate change is a threat to Canada as a whole and upheld the […] Read more
Pulse weekly outlook: Roquette pea plant readying for full operation
Reading Time: 2 minutes MarketsFarm — Operations at the Roquette pea processing plant just west of Portage la Prairie, Man. have been underway since the end of 2020, according to Michelle Finley of Roquette Canada. The company is working toward full operation at the world’s largest pea plant by early 2022, she said. “To date we have picked up […] Read more
Feed weekly outlook: Prices to remain strong in spring
Reading Time: 2 minutes MarketsFarm — Higher prices for feed grains in Western Canada are expected to stay that way, according to a trader in Alberta. Erin Harakal, senior trader for Agfinity at Stony Plain, Alta., said factors such as increased demand overseas and depleted domestic stocks will continue to keep prices elevated for feed grains. While she doesn’t […] Read more
Klassen: Feeder market remains volatile
Feed grain values remain firm
Reading Time: 2 minutes Last week, western Canadian yearling markets were traded $2-$4 above week-ago levels from Monday through Wednesday; however, buyers backed away from the market on Thursday and Friday as feeder cattle futures fell nearly $7 from Wednesday’s high. By the end of the week, yearlings were relatively unchanged from week-ago levels. Calf prices were relatively flat […] Read more
Oats riding high with other crops
Reading Time: 2 minutes MarketsFarm — Increased demand, both domestically and overseas, has caused the price of oats grown in Western Canada to rise compared to last year. And so far, seeding projections and rising prices for other crops suggest the market for oats won’t go down anytime soon. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids […] Read more
Yes or no now on AgriStability changes, ag minister says
Farm and commodity groups line up to press provinces for decision
Reading Time: 3 minutes Ottawa’s proposals for changes to the AgriStability farm income stabilization program require a yes or no answer from participating provinces, not more discussion, the federal ag minister said Wednesday. “It has been just over 110 days since we made the offer to the provinces to improve AgriStability,” Agriculture Minister Marie-Claude Bibeau and Winnipeg MP Jim […] Read more
Klassen: Uncertain feed grain market weighs on feeder cattle
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices were quite variable. Certain reports had yearling markets trading $3 on either side of unchanged while in southern Alberta, prices were down $2-$4 on average. Calves weighing 600 to 750 lbs. were $4 lower to $4 higher and feeders under 600 lbs. were steady to $3 […] Read more
A message from April Stewart, Country Guide's Associate Editor
