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.
Klassen: Feeder market continues to surge higher
Bearish speculative bets rise in canola futures
Reading Time: < 1 minute Speculative fund traders were busy putting on fresh bearish bets in early December, taking the net managed money short position back above 100,000 contracts for the first time in two months, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Prairie forecast: Melting in the west, milder in the east
Forecast issued Dec. 4, covering Dec. 4 to 11, 2024
Reading Time: 3 minutes Things are looking not too bad for those who want to see snow or deep freeze temperatures. As we start this forecast period, a strong area of Arctic high pressure is dropping southeastwards over the eastern Prairies behind the strong area of low pressure that zipped through on Tuesday. Over the western Prairies, the weather models show a strong ridge of high pressure building over B.C. which is expected to transition eastwards.
Klassen: Canadian feeder market jumps on trade disruptions
Reading Time: 2 minutes For the week ending November 29, feeder cattle market reports from Manitoba had prices up $20-$40/cwt from week-ago levels. Prices in Saskatchewan and Alberta were up $10 to $20 on average. The market was hard to define this past week with a wide range prices across Western Canada for similar quality and weight cattle.
Klassen: Upward momentum continues for feeder cattle prices
Reading Time: 2 minutes For the week ending November 23, Western Canadian feeder cattle markets traded $3 to $6 higher with some quality heifer packages up as much as $10 compared to seven days earlier.
Klassen: Feeder market climbs another step
Reading Time: 2 minutes For the week ending November 16, Western Canadian calves over 650 pounds were up $3-$6/cwt compared to seven days earlier. Calves under 650 pounds traded $4/cwt to as much as $10/cwt higher.
Klassen: Strong demand continues to sustain feeder market
Reading Time: 2 minutes The weaker Canadian dollar has enhanced the feeding margin structure on incoming replacement calves and this translated into stronger values on premium genetic packages. Finishing feedlot operators in Alberta and Ontario were fairly aggressive in Manitoba and Saskatchewan markets.
Klassen: Feeder market holds at higher levels
Reading Time: 2 minutes For the week ending November 2, Western Canadian yearling and calf markets were relatively unchanged from seven days earlier. Strong demand continues to support the feeder complex at historical high prices.
Klassen: Western Canadian calf market surges
Reading Time: 2 minutes For the week ending 26, Western Canadian calf markets were up $8-$12/cwt on average compared to seven days earlier. Pee-wee calves were up $20-$25/cwt compared to the prior week. Finishing feedlot operators were active buyers in all weight categories while backgrounders were cleaning up on smaller packages of calves under 550 pounds.
Fund short position in canola smallest in six months
Reading Time: < 1 minute The net fund short position in canola fell to its lowest level in six months during the week ended Oct. 22, as speculators covered bearish bets and put on new longs, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
A message from April Stewart, Country Guide's Associate Editor
