Reading Time: 2 minutes For the week ending Oct. 14, western Canadian yearling prices were steady to $4 higher compared to a week earlier. Calves in the range of 500 to 800 pounds traded $4-$6 lower in Alberta. However, in eastern Saskatchewan and in Manitoba, calves in this weight category were relatively unchanged compared to the previous week. In […] Read more
Klassen: Ontario demand sets the price structure for calves
Corn in Ontario at $232/tonne, U.S. corn in southern Alberta at $315
Feed weekly outlook: Demand for feed grains ‘in a lull’
U.S. corn harvest a work in progress
Reading Time: 2 minutes MarketsFarm — Despite prices continuing to come down for feed grains in Western Canada, demand for them is currently at a standstill, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “I think we’re in that lull time right now between corn and barley (deliveries) as the (U.S.) corn harvest is underway,” Leclerc said, […] Read more
Feed weekly outlook: Lack of overseas demand brings down prices
'It feels like for now, we've kind of bottomed out'
Reading Time: 2 minutes MarketsFarm — As the grain harvest wraps up in Western Canada, feed grain prices continued to move downward. However, harvest pressure was not the only reason for their declines. Evan Peterson of JGL Commodities at Moose Jaw, Sask. heard others say their crops were larger than anticipated — but there were additional factors adding pressure […] Read more
U.S. wheat, barley production increases in 2023
Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture issued its small grains 2023 summary on Friday, showing a 10 per cent increase in all wheat production in 2023 of 1.81 billion bushels. While oat production dipped one per cent at 57 million bushels, barley output rose six per cent at 185 million. U.S. wheat in 2023 […] Read more
Feed weekly outlook: Barley bids near bottom post-harvest
Feed corn values narrowing against barley
Reading Time: 2 minutes MarketsFarm — After a better-than-expected harvest across the Canadian Prairies, feed grain prices on the region either have bottomed out or soon will, according to Evan Peterson of JGL Commodities in Saskatoon. “They’ve dropped significantly in the past three to four weeks as harvest pressure kicked off,” he said, citing feed barley going into feedlot […] Read more
Tightening canola stocks projected, AAFC says
Wheat, barley, oat, pea stocks also projected lower
Reading Time: 2 minutes MarketsFarm –– Canadian canola carryout supplies for the current marketing year will likely end up tighter than earlier expectations, according to updated supply/demand balance sheets from Agriculture and Agri-Food Canada (AAFC) that account for recent production and stocks data from Statistics Canada. Canola ending stocks for 2023-24 are now forecast to tighten to only one […] Read more
Canada books stronger August deliveries of most major grains
Wheat, canola up; barley, durum down
Reading Time: < 1 minute MarketsFarm — Deliveries of most major grains in Canada were higher in August than a year ago, according to Statistics Canada. The federal agency issued its monthly deliveries report on Tuesday, showing total deliveries last month came to 5.103 million tonnes, up nearly 15 per cent from the previous August. Wheat deliveries (excluding durum) tallied […] Read more
Feed weekly outlook: Harvest pressure, looming corn imports weigh on barley bids
Some yields turn out 'better than expected'
Reading Time: < 1 minute MarketsFarm — Seasonal harvest pressure and expectations for large corn deliveries from the United States should limit any upside potential in feed barley bids in Western Canada for the foreseeable future despite this year’s smaller crop. “We’re getting some better-than-expected yields (in central Alberta), so there is some harvest pressure with guys needing to move […] Read more
Klassen: Stronger live cattle futures enhance feeder demand
Feeder cattle supplies look to be lower than anticipated
Reading Time: 2 minutes Compared to last week, western Canadian grass yearling prices were unchanged to $3/cwt lower on average. Steers held value but heifers had a softer tone. Calf prices were relatively unchanged from seven days earlier. However, weaker barley prices and stronger deferred live cattle prices limited any slippage. The calf market continues to be in price […] Read more
Few surprises in StatCan report, analyst says
Downward revision on canola among those few
Reading Time: 2 minutes MarketsFarm PRO analyst Mike Jubinville said Statistics Canada’s principal field crop production report, released Thursday, did not contain too many surprises. The agency’s previous report on Aug. 29 already provided insight as to what production numbers were going to be, he said, but still warned the model-based projections in the latest report will not be […] Read more
A message from April Stewart, Country Guide's Associate Editor
