Most cattle auction sites in Manitoba held regular sales for the last time this season during the week ended June 15. Killarney and Ashern Auction Marts conducted their final sales of the season on June 12 and 14, respectively. Winnipeg Livestock Sales will begin a bi-weekly summer schedule on June 23, while Gladstone Auction Mart
Cattle prices in a ‘constant climb’
Sales might have to resume ahead of schedule if dry weather persists
Cattle prices, temperatures stay hot
Continued dry weather could drive producers to sell
As a number of cattle auctions prepare for summer shutdown, prices and the thermometer remain high. More than 4,000 cattle went through the rings during the week ended June 1, compared to 2,009 the previous week, and prices continued to move upward. Feeder steers weighing up to 700 lb. were sold for more than $350
Prairie cash wheat: Spring wheat bids drop
Influx of cheap Russian wheat largely responsible for price declines
MarketsFarm – Red spring wheat bids in Western Canada were down, while durum prices were mixed during the week ended May 25, after the release of bearish data. On May 23, Agriculture and Agri-Food Canada (AAFC) presented its monthly principal field crop report, which estimated 2023-24 wheat production (including durum) at 35.75 million tonnes. This
Weather warms up, cattle prices remain hot
A bit of green grass is a hopeful sign for cattle producers
A cool spring finally offered up some relief as many parts of Manitoba hit temperatures surpassing 20 C during the week ended May 4. Tyler Slawinski, auctioneer at Gladstone and Ashern Auction Marts, said milder weather is a benefit to everyone involved. “We get a nice day and everybody feels better,” he said, adding that
Canola sees short-term gain, long-term pain
The latest StatCan survey piled on other bearish factors
If Statistics Canada estimates are correct, this year’s domestic canola crop will continue the oilseed’s ongoing acreage recovery since Western Canada’s historic 2021 drought. Last week StatCan released its first survey-based seeding intentions report for 2023-24, projecting canola area to increase by 0.9 per cent from 2022-23, to 21.597 million acres. This might be an
Weather and cattle prices warm up
Prices could strengthen for bred stock, market watchers say
Spring finally arrived in Manitoba as the temperature hit double-digits during the week ended April 13 and the only things higher than thermometer readings were cattle prices. Six cattle auction sites in Manitoba hosted regular sales during the week, while Killarney Auction Mart and Winnipeg Livestock Sales were both off due to the Easter holiday.
Recent price drops hide wheat’s weather situation
Southern U.S. winter wheat-growing areas remain in drought
As the calendar turned over to April, the focus for traders on the Chicago Board of Trade turned toward weather. There can be a tendency to either react based on recent weather events, ignore potential long-term weather trends, or both. In the case of wheat, the recent weakness shown in all three major U.S. varieties
Cattle prices end March on a high note
Some market watchers say prices could still see a bit more strength
It was a merry end of March for Manitoba cattle auction sites as prices remained elevated during the week ended March 30. At least 8,860 cattle went through the rings in the final week of March with some sites seeing feeder and butcher cattle selling at levels rarely seen. Kirk Kiesman, manager at Ashern Auction Mart, said the focus
Soybean complex crushed by selloffs
All eyes are on South America as the bean crop comes off
Canola had another week of sharp losses before bouncing back with a double-digit gain on March 23, but the Chicago soy complex also had a week to forget. The May soybean contract fell to US$14.1950 per bushel at the end of March 23 after a one-day, 29-cent drop. It was the ninth negative session in
Soy complex crushed by selloffs
While canola had undergone another week of sharp losses before bouncing back with a double-digit gain on March 23, the Chicago soy complex also had a week to forget. The May soybean contract fell to US$14.1950 per bushel at the end of March 23 after a one-day, 29-cent drop. It was the ninth negative session
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