Reading Time: < 1 minute MarketsFarm — Feed grain bids in Western Canada remain firm at the beginning of October, with a lack of significant farmer selling keeping the market underpinned as harvest wraps up across the Prairies. The barley harvest is mostly complete across the Prairies, but total yields and production remain to be seen. “The market is still […] Read more
Feed weekly outlook: Bids hold firm in West
Feed weekly outlook: Prices stronger after harvest
Reading Time: < 1 minute MarketsFarm — Feed grain prices have been higher as the harvest has concluded across most of the Canadian Prairies. “It feels like last week and this week, the harvest has wrapped up in many areas,” said Allen Pirness, a trader with Market Place Commodities in Lethbridge. “That should switch the focus for getting the crop […] Read more
Feed weekly outlook: Temperatures rise, Prairie bids cool down
Reading Time: < 1 minute MarketsFarm — Feed grain bids in southern Alberta are cooling down as temperatures warm up after a bitter cold spell earlier in the month. After dealing with temperatures in the -20 C to -34 C range over much of the week ended Jan. 17, conditions in the key Lethbridge feeding area have flipped the other […] Read more
Feed weekly outlook: Prices steady ahead of seeding
Reading Time: < 1 minute MarketsFarm — Feed grain prices have firmed up ahead of seeding, and producers are quick to make room in feed bins ahead of seeding. “New-crop price is significantly lower than old-crop, so at some point they’re going to converge,” said Allen Pirness, senior trader with Market Place Commodities in Lethbridge. Statistics Canada’s crop intentions report, […] Read more
Feed weekly outlook: Prairie prices on the rise
Reading Time: < 1 minute MarketsFarm — Feed grain prices have been on the upswing recently, according to Nelson Neumann of Agfinity at Stony Plain, Alta. “We saw them at the end of last week, the beginning of this week, really jump up. Guys were scrambling to get stuff in before road bans,” he said. He attributed the increased prices […] Read more
Feed weekly outlook: Market aims to ration tight barley supplies
Reading Time: < 1 minute Tightening feed barley supplies in Western Canada have end-users looking to alternatives, with cheaper U.S. corn imports likely to keep a lid on prices. “Barley stocks are tight, so the market is trying to ration the amount of barley being used and it’s doing a pretty good job of that,” said Jim Beusekom of Market […] Read more
Feed weekly outlook: Prairie wheat, barley prices still look good
Reading Time: < 1 minute Prices for feed wheat and barley in Western Canada are doing pretty good, according to Nelson Neumann of Agfinity in Edmonton. Feed wheat is up to $6 per bushel in the Edmonton area and about $250 per tonne in the Lethbridge area, he said. Feed barley was still quite strong, although the price had softened […] Read more
Feed weekly outlook: Prairie prices stable during mild winter
Reading Time: 2 minutes With the mild winter Western Canada has been experiencing, feed grain buyers expect prices should stay quiet for the next while. “I would say the buyers have adequate coverage for January, February, even a bit of March. And I would say we maybe have seen the (barley) price soften up a bit,” said Nelson Neumann, […] Read more
Klassen: Favourable margins support feeder market
Reading Time: 2 minutes There were no sales last week with auction barns closed for the holiday season; therefore, we start the year looking forward at factors that will influence the feeder market over the next month. While the feeder market was quiet, feedlot operators were surprised with the U.S. fed cattle market jumping US$3-$4 from seven days earlier. […] Read more
Feed weekly outlook: Alberta feed grains firm
Reading Time: < 1 minute CNS Canada — The seasonality of the feed grain sector is contributing to a firmer tone in Alberta barley and feed wheat bids heading into the New Year. “We’ve seen bids in our office on feed barley jump up a decent amount,” said Nelson Neumann, a trader with Edmonton-area grain brokerage Agfinity. He linked the […] Read more
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