Reading Time: 2 minutes MarketsFarm — While not as widespread as last year’s historic drought, some parts of Alberta are still struggling with hot and dry conditions. Suzanne Leclerc, owner of Market Master Ltd. in Edmonton, said growing conditions for feed grains across the province are varied. “As usual for the last couple of years, such a mixed review,” […] Read more
Feed weekly outlook: Prices lower despite mixed growing conditions
Feed weekly outlook: Recent storms not hurting yields
Reading Time: 2 minutes MarketsFarm – Recent bouts of severe weather in Alberta, most recently high winds and hail in the central region on Aug. 2, will not affect potential yields for feed grains, according to one trader. Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge said while some crops were damaged from the storms in central Alberta, as […] Read more
Klassen: Light test of feeder cattle reflects hot demand
Reading Time: 2 minutes Compared to last week, Western Canadian yearling prices were relatively unchanged; prices for mid-weight calves were $2 to $5 higher. Calves under 550 pounds were up $6 to $8 on average while feather light bawlers were up a sold $10 above week-ago levels. Weaker feed grain prices along with strength in the deferred live cattle […] Read more
Feed weekly outlook: Declining prices not raising buyers’ interest
Reading Time: 2 minutes MarketsFarm – Despite prices for Western Canadian feed barley and wheat continuing to decline, buyers are not opening their wallets just yet. Erin Harakal, trade manager for Agfinity Inc. in Stony Plain, Alta., said while growing prospects of a more typical harvest are making cereal crops more affordable, there is still a wait-and-see attitude from […] Read more
Feed weekly outlook: New-crop supply outlook ‘significantly better’ as prices drop
Reading Time: 2 minutes MarketsFarm — Prices for feed barley and wheat in Western Canada are still higher than this time last year, but if large declines in those prices are any indication, the 2022 harvest is set to be more typical than that of 2021. The high-delivered bid for Saskatchewan feed barley is $8 per bushel, $1 lower […] Read more
Feed weekly outlook: Grains under pressure awaiting new crop
Farmers 'digging in and being patient'
Reading Time: < 1 minute MarketsFarm — Feed grain bids in Western Canada continue to come under pressure, as feedlots chew through corn imports from the United States and wait on the new-crop harvest. “We’re certainly seeing things soften,” said grain trader Shaun Smith of Market Place Commodities in Lethbridge. Declines in the Chicago futures and good Prairie growing conditions […] Read more
Larger U.S. barley crop expected in 2022
Reading Time: < 1 minute MarketsFarm — Barley production in the U.S. is forecast to be up substantially in 2022, with early indications pointing to the largest crop in seven years. In its latest production estimates, the U.S. Department of Agriculture forecast the country’s 2022 barley crop at 3.8 million tonnes, which would be up from the 2.6 million tonnes […] Read more
Feed weekly outlook: Grain prices coming down
Reading Time: < 1 minute MarketsFarm — As futures prices fall back, those for feed have been following, according to Jenny Redshaw, a trader with Agfinity at Stony Plain, Alta. “There are lots of things going on,” she said, noting demand has been somewhat lacklustre. “The feedlots aren’t breaking down any doors,” she added. With prices down across the board […] Read more
Klassen: Feeder cattle trade at 52-week highs
New-crop feed grain values under pressure
Reading Time: 2 minutes Compared to last week, western Canadian yearlings traded steady to $2 higher with exceptional demand noted on steers over 700 pounds. Calf values were mixed in Alberta with markets trading $2-$4 on either side of unchanged; however, prices were steady to $4 higher in Saskatchewan and Manitoba. Small groups of various quality characterized the feeder […] Read more
Crop conditions in Alberta see remarkable turnaround
Reading Time: < 1 minute MarketsFarm – As the heydays of summer approach, Alberta reported that its crops were in good shape. The crop report placed all crops in the province at 75 per cent good to excellent, slightly above the five-year average. The rains throughout June were credited with the turnaround, but overall growth and development remained somewhat behind […] Read more
A message from April Stewart, Country Guide's Associate Editor
