GFM Network News


Feed weekly outlook: Barley bids firm as feeders seek coverage through spring

Reading Time: 2 minutes MarketsFarm — Feed barley bids held firm through November in Western Canada, with higher prices for deferred delivery as feedlots work to secure supplies in the face of solid export demand. Spot feed barley bids in the Lethbridge, Alta. area have held in the $270-$275 per tonne range through November, said Jim Beusekom of Market […] Read more

Feed weekly outlook: Export demand supports grain prices

Reading Time: < 1 minute MarketsFarm — There continues to be a very strong demand for feed grains with large amounts headed for export, according to Saskatoon-based trader Evan Peterson of JGL Commodities. “It’s driven the prices up and made a massive competition between feed for Alberta versus shipping it overseas,” Peterson said, noting China has been the main driver […] Read more


U.S. grains: Soybeans slip off peak, end mostly firm

Corn, wheat dip; strong demand, tight supply limit losses

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures ended mostly firmer on Thursday as late-session buying amid worries over tightening supplies offset earlier profit-taking and technical selling that had dragged prices down from four-year peaks. Corn and wheat retreated after prior-day increases as investors pocketed some gains. Chicago Board of Trade (CBOT) January soybean futures ended […] Read more

U.S. livestock: Cattle, hog futures tumble on demand worries

Corn values also weigh on feeder cattle, hogs

Reading Time: 2 minutes Chicago | Reuters — U.S. cattle and hog futures tumbled on Thursday on worries about demand for beef and pork as soaring coronavirus infections across the country threatened more restaurant and food service closures and forced more Americans to shelter at home. Investors also fear a repeat of the livestock processing disruptions seen in the […] Read more


Feed weekly outlook: High demand keeps bids strong

Reading Time: < 1 minute MarketsFarm — Feed grain prices in Western Canada have come off of recent highs but remain “higher than what feeders like to see.” That’s according to Brandon Motz of CorNine Commodities ar Lacombe, Alta., who said feed grains are still in a “high-demand market,” with spot prices for feed barley and wheat around $260-$265 per […] Read more

Feed weekly outlook: Prairie grain market steady, for now

Reading Time: < 1 minute MarketsFarm — The feed grain market in Western Canada remains firm for the time being, but the uncertainty of outside influences makes it difficult to predict where values will go from here. “It is so hard to gauge,” said Susanne Leclerc, owner of Market Master Ltd. in Edmonton, adding “I don’t think anybody can predict […] Read more


Feed weekly outlook: Feedlots booking for winter underpin bids

Reading Time: < 1 minute MarketsFarm — Feed grain prices have been strong following Western Canada’s harvest, as feedlots ensure they’re covered heading into the winter. “Last week there was some buying in the deferred months, from January onward,” Allen Pirness of Market Place Commodities at Lacombe, Alta. said. Pirness said the strong prices were unexpected, noting that when prices […] Read more

Feed weekly outlook: Demand keeps Canadian barley well supported

Reading Time: < 1 minute MarketsFarm — Solid demand continues to keep feed barley bids in Western Canada well supported, as end-users work to secure supplies in anticipation of tightening stocks going forward. “Competition for barley is coming from every which direction: grain companies exporting barley, feedlots trying to cover barley, and grain companies trying to cover feedlots,” said Jim […] Read more


Klassen: Feeder market digests rising COVID-19 cases

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged while calves traded steady to $2 lower on average. The grain harvest is in its final stages and buying interest was noted from the farmer/backgrounding operator. The buying frenzy over yearlings has eased and finishing feedlots were active on all weight categories. Feather-light calves […] Read more

U.S. livestock: Domestic demand boosts hog futures

Feed grain prices drag on feeder cattle

Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures leapt to their highest price since May 2019 on Friday on strong domestic demand for pork, while feeder cattle futures tumbled to a three-month low. Gains in the swine market extend a rally driven by rising cash prices for hogs and demand from consumers. “Domestic demand has been […] Read more