Reading Time: 2 minutes U.S. soybean futures fell about two per cent on Thursday as forecasts for much-needed rains in dry areas of Argentina's crop belt and expectations of a massive Brazilian soy harvest sparked a round of profit-taking, analysts said.
U.S. grains: Soy, corn futures retreat on profit-taking
U.S. livestock: Cattle futures boosted by strong beef prices
Reading Time: < 1 minute Live and feeder cattle futures on the Chicago Mercantile Exchange were stronger Wednesday, as rising beef prices underpinned the markets.
U.S. grains: Corn firm on Argentina weather worries, soybeans retreat
Reading Time: 2 minutes Benchmark U.S. corn futures rose on Wednesday, hovering near one-year highs as traders continued to adjust to a tighter supply outlook projected last week by the U.S. Department of Agriculture (USDA) and fretted about Argentine crop weather, analysts said.
Klassen: Demand surges for beef, live cattle and feeder cattle
Reading Time: 2 minutes For the week ending January 11, Western Canadian feeder cattle prices were up $15-$20/cwt compared to the week ending December 21, 2024. In eastern Saskatchewan and Manitoba, quality packages of steers 800 pounds and over traded $20/cwt to $25/cwt higher compared to three weeks earlier.
CBOT weekly: Chicago soybeans/corn looking for direction
Reading Time: 2 minutes South American weather forecasts, positioning ahead of the Jan. 10 United States Department of Agriculture supply/demand report and uncertainty over trade policies under the incoming Trump administration were all influencing the Chicago grain and oilseed markets during the first days of 2025.
Klassen: Stronger fed market to pull up feeder complex
Reading Time: 2 minutes The Alberta fed cattle market was quoted on a live basis in the range of range of $262-$265/cwt fob feedlot last week. Fed cattle forward contracts for March and April delivery (Alberta) were quoted from $270 to $272/cwt. Compared to last week of November 2024, fed prices are up $20/cwt on average.
Klassen: Feeder market has many factors to digest in 2025
Reading Time: 2 minutes For the week ending December 28, there were no feeder cattle sales in Western Canada; however, that didn’t stop cattle producers from emailing or calling me over the holidays inquiring about market direction. I thought it would be an opportune time to discuss a couple factors that will influence the market direction over the next couple of months.
Klassen: Feeder market finishes 2024 on strong tone
Reading Time: 2 minutes For the week ending December 21, Western Canadian backgrounded cattle and heavier calves were unchanged to $5 lower on average. Calves in the 600-800 pound range were relatively unchanged while calves under 600 pounds were steady to $10 higher.
Klassen: Feeder market consolidates at higher levels
Reading Time: 2 minutes The market continues to digest the U.S. border closure to Mexican feeder cattle, which is drawing more U.S. demand towards Western Canada. Auction market volumes are declining at this time of year. The quality of cattle was sub-par in some regions which caused prices to be quite variable.
Klassen: Feeder market continues to surge higher
Reading Time: 2 minutes For the week ending December 7, Western Canadian feeder cattle weighing 700 pounds plus traded $10 to $20 higher compared to seven days earlier. Calves under 700 pounds were up $8 to $10 on average. The markets in Manitoba and Eastern Saskatchewan were premium to Alberta in the heavier categories due to stronger U.S. and Ontario buying interest.
A message from April Stewart, Country Guide's Associate Editor
