Reading Time: 2 minutes MarketsFarm — Higher prices for feed grains in Western Canada are expected to stay that way, according to a trader in Alberta. Erin Harakal, senior trader for Agfinity at Stony Plain, Alta., said factors such as increased demand overseas and depleted domestic stocks will continue to keep prices elevated for feed grains. While she doesn’t […] Read more
Feed weekly outlook: Prices to remain strong in spring
Klassen: Feeder market remains volatile
Feed grain values remain firm
Reading Time: 2 minutes Last week, western Canadian yearling markets were traded $2-$4 above week-ago levels from Monday through Wednesday; however, buyers backed away from the market on Thursday and Friday as feeder cattle futures fell nearly $7 from Wednesday’s high. By the end of the week, yearlings were relatively unchanged from week-ago levels. Calf prices were relatively flat […] Read more
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
Klassen: Uncertain feed grain market weighs on feeder cattle
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices were quite variable. Certain reports had yearling markets trading $3 on either side of unchanged while in southern Alberta, prices were down $2-$4 on average. Calves weighing 600 to 750 lbs. were $4 lower to $4 higher and feeders under 600 lbs. were steady to $3 […] Read more
Feed weekly outlook: High barley prices to stay awhile
Reading Time: 2 minutes MarketsFarm — The price of feed barley in Western Canada, along with those of other feed grains such as corn and wheat, has jumped over the past year and shows no signs of a drop-off. Mike Fleischhauer of Eagle Commodities in Lethbridge said international demand — especially in China, Japan and India — has grown […] Read more
Klassen: Deferred live cattle futures pull feeder market higher
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $5 lower to $3 higher while calves under 600 lbs. were $2 to as much as $7 higher. Yearlings were somewhat sluggish in the eastern Prairie regions, as feedlot operators in Alberta focused on local cattle. Fleshier backgrounded cattle are coming on the market at this […] Read more
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
Feed weekly outlook: Buyers’ thoughts turn to April-June
Reading Time: < 1 minute MarketsFarm — Attention on feed grains is shifting away from February-March and focusing on the April-June period, according to Erin Harakal, senior trader at Agfinity at Stony Plain, Alta. Their buyers have February-March pretty much covered, she said. Demand continues to be driven by exports to China, she added, with Prairie feedlots required to keep […] Read more
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
U.S. livestock: Rising beef prices buoy CME live cattle futures
Colder spell in U.S. Midwest, Plains lifts hogs
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rose on Tuesday for a fourth straight session, with deferred months setting life-of-contract highs as robust demand for beef lifted packer profit margins and bolstered demand for market-ready cattle, traders said. Chicago Mercantile Exchange April live cattle futures settled up 0.15 cent at 123.1 cents/lb., while June […] Read more
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