Reading Time: 2 minutes MarketsFarm — With the holiday season come and gone, feed grain buyers were getting back into the swing of things at the start of 2023, according to one trader. “I think January will probably fill up pretty quickly as we’re in the first week of January and we’ve been booked into January for a bit,” […] Read more
Feed weekly outlook: Little price movement for feed grains
Feed weekly outlook: Grain, price movement ongoing over holidays
Colder weather stymies deliveries
Reading Time: 2 minutes MarketsFarm — With the Christmas break come and gone, more grain is being delivered to feedlots, according to one Lethbridge trader. Mike Fleischhauer of Eagle Commodities Ltd. said that despite the holiday season, in which lighter activity is expected, there was still some movement in feed grain prices. Wheat and barley were both valued at […] Read more
Klassen: Historically high deferred live cattle futures support feeder complex
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $2 lower to $4 higher on average. Many auction barns were on holidays last week; therefore, the buying interest appeared to be more concentrated on the major markets. There were no reports from Manitoba last week. Alberta packers were buying fed cattle on a dressed […] Read more
Feed weekly outlook: Alberta barley bids steady heading into holidays
Reading Time: < 1 minute MarketsFarm — The Lethbridge feed grain market is holding relatively steady heading into the holiday season, with ample imports of corn from the U.S. keeping a lid on prices. Reports out of Alberta’s feedlot alley peg the upper edge of delivered barley bids in the $430-$435 area, with feed wheat seeing similar prices. Feedlots are […] Read more
Feed weekly outlook: Barley, wheat prices pull back
Truck shortage 'hasn't gotten any better'
Reading Time: < 1 minute MarketsFarm — Prices for feed barley and wheat are coming down on the Prairies, said Susanne Leclerc of Market Master Ltd. in Edmonton — and a big part of that trend is the lack of demand for either commodity. “Buyers are fairly well covered. There seems to be a lack of desire for buyers to […] Read more
Klassen: Stronger deferred live cattle support feeder market
Cow-calf operators seen hesitant to expand
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Calf prices were mostly unchanged compared to seven days earlier; however, there were pockets where buyers reported prices up $2-$3 on average. The Alberta calf market appeared to stage a minor recovery after softening over the past month. Manitoba markets […] Read more
Feed weekly outlook: Wheat, barley eschewed for other grains
Oats, corn finding demand as feed
Reading Time: 2 minutes MarketsFarm — Feed wheat and barley prices in Alberta’s feedlot alley are coming down, largely due to the increasing presence of corn imported from the U.S. The high-delivered bid for Alberta feed barley on Wednesday was $9.80 per bushel, 11 cents lower than the previous week and 22 cents lower than one month earlier, according […] Read more
Feed weekly outlook: Looming corn imports to keep lid on Prairie barley
Reading Time: < 1 minute MarketsFarm — Large shipments of corn from the U.S., slated for delivery to Alberta’s feedlot alley, should keep domestic barley prices under pressure going forward, according to an analyst. “The barley price here will gradually decline,” said Errol Anderson of Pro Market Communications in Calgary, adding that up to 30 unit trains of U.S. corn […] Read more
Klassen: Feeder market rations demand
Risk discount built in with adverse weather
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged while calf prices were steady to $6 lower. Demand from Ontario buyers caused markets in Manitoba and eastern Saskatchewan to hold value. Alberta prices were under pressure as the market appears to be rationing demand. Calf prices are 25-30 per cent higher than year-ago […] Read more
Klassen: Stronger deferred live cattle futures support feeder market
Fall run seen moving into final stages
Reading Time: 2 minutes Compared to last week, western Canadian calf markets traded $5 lower to as much as $3 higher. Quality groups of heifers weighing 550-700 lbs. were notably $2-$3 higher and this was largely due to lower supplies of steers. Weather conditions improved in southern Alberta, which was supportive; however, buyers were cautious. Quality pre-conditioned calves held […] Read more
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