GFM Network News

(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Wheat stocks should limit barley’s further upside

Reading Time: 2 minutes MarketsFarm — Feed barley bids in Western Canada remain strong, although ample wheat supplies should limit the upside heading into the new growing season. Feed barley in the Lethbridge region of southern Alberta is currently trading at around $305-$310 per tonne, according to Jim Beusekom of Market Place Commodities. Prices for delivery later in the […] Read more

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Klassen: Steady demand supports feeder cattle prices

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were unchanged while calves were steady to $2 higher on average. Auction barns received larger supplies of backgrounded cattle and there was a fair amount of direct trade of yearlings off farm. Larger supplies of heavier-weight feeders appeared to limit the upside but there was no slippage. […] Read more

CME April 2021 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Live cattle, lean hogs end lower on profit-taking

March feeder cattle also lower

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell on Wednesday in a light profit-taking setback following a four-session climb, and on spillover weakness from declines in Wall Street equity markets, traders said. However, continued strength in wholesale beef prices and expectations of higher cash cattle prices this week underpinned the market. Chicago Mercantile Exchange […] Read more

CME March 2021 feeder cattle (candlesticks) with 20-day moving average (red line) and CBOT March 2021 corn (yellow line). (Barchart)

U.S. livestock: Feeder cattle gain from falling feed prices

Live cattle, lean hog futures also up

Reading Time: 2 minutes Chicago | Reuters — CME Group feeder cattle futures rose on Friday, bolstered by falling corn futures. March feeder cattle gained five cents to settle at 144.15 cents, adding 9.575 cents for the week — a 7.1 per cent gain as corn fell 5.8 per cent, its biggest drop since the week ending March 20, […] Read more

(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Barley, wheat prices very likely to increase

Increases seen tied to rising U.S. corn

Reading Time: < 1 minute MarketsFarm — Two Alberta traders believe strong feed grain prices will continue to push higher over the next week of January, with much of the upswing tied to the rise in corn prices in the U.S. “As corn edges higher, becoming the preferred direct replacement to barley, your barley floor comes up and wheat starts […] Read more

(File photo)

Feed weekly outlook: Export demand supports prices

Reading Time: < 1 minute MarketsFarm — Feed grain prices remain strong into the winter, due to steady feedlot demand and solid export activity. Brandon Motz of CorNine Commodities at Lacombe, Alta. said feedlots have freed up some pen space after COVID-19 shutdowns created backlogs, but demand remained steady. “There’s more pen space in southern Alberta, compared to other years,” […] Read more