In seeing reduced numbers of cattle coming to auction, Scott Anderson of Winnipeg Livestock Sales noted “the quiet time of the year” has begun. “A lot of guys have either turned their cattle out or are just trying to get going on the land,” Anderson said. In terms of quality, he said the ordinary cattle or plain cattle
Livestock markets: Numbers shrink at sales as prices remain firm
High feed costs continue to put pressure on cattle values
ICE weekly outlook: ‘Meltdown’ not yet on canola market radar
MarketsFarm — There’s more to the sharp decline in U.S. wheat and corn futures than the possibility of Ukrainian exports returning to the global market along with the massive liquidation of longs, according to analyst Errol Anderson of ProMarket Communications in Calgary. “My theory with what is going on is that we’re seeing a fairly
CBOT weekly outlook: Prices likely to trend downward
MarketsFarm — With weather in the U.S. becoming more favourable for spring planting, combined with other factors, prices on the Chicago Board of Trade CBOT) are expected to push lower, according to Scott Capinegro of Barrington Commodity Brokers at Barrington, Ill. “If you’re getting it planted and it rains, the stuff is off to a
Feed weekly outlook: Wheat far more expensive
MarketsFarm — The price for feed wheat is exorbitantly much higher than for barley or corn, according to Jim Beusekom of Market Place Commodities in Lethbridge. While price reports into that area’s feedlot alley put feed barley at $465 per tonne and corn at $480, wheat is about $600, he said. Feed wheat “is trending
Wheat values take a wild ride higher
Southern Alberta’s seeders leave others in dust, literally
Following the release of the May supply-and-demand estimates from the U.S. Department of Agriculture on May 12, July Minneapolis wheat surged to $13.16 per bushel — a new high for the contract. Over the course of the last week, that spring wheat contract has been on a tear, having jumped $1.0625. As well, Kansas City
Pulse weekly outlook: Still early in season to switch crops
Decisions likely in next couple of weeks
MarketsFarm — With dry conditions dominating western and southwestern Saskatchewan and wet conditions prominent in the province’s east and northeast, at mid-May it remained early to consider switching pulse crops to something else, according to Carl Potts, executive director of Saskatchewan Pulse Growers. Overall, he said, spring planting throughout the province as of May 9
Eastern Prairies’ wet conditions may curb insect pest risk
Late-seeded crops may germinate more quickly in warmer soils
MarketsFarm — If there could be one benefit to the excessive moisture across much of southern Manitoba and the Interlake region, that would be a potentially reduced risk for insect pests, according to John Gavloski, entomologist for Manitoba Agriculture, Food and Resource Development. For example, Gavloski cited flea beetles, which could damage canola. “If [canola]
Higher costs of production keep auction traffic lively
Prices remain firm at Gladstone
Cattle prices continued to remain firm, according to Tyler Slawinski, an auctioneer for the Gladstone and Ashern Auction Marts. “Nothing has changed drastically for some time now. The market is very stable,” he said. However, Slawinski noted, the cost of production for cow-calf operations is becoming burdensome. That has kept the amount of cattle coming
ICE weekly outlook: Conditions a challenge for Prairie canola
MarketsFarm — Wet conditions throughout much of the eastern half of the Canadian Prairies continued to delay spring planting this week. Meanwhile, the western half of the region remained mired in drought and in need of rain to help recently-seeded crops get off to a good start. “Get it in the ground and get some
Canola prices just keep on climbing
Soyoil is taking canola along for the ride
Canola continued its astronomical rise during the last week of April, with little to show in the way of any sudden tumble in prices. However, that’s not to say such an event wouldn’t happen, as nothing is a sure thing in the market — well, other than “what goes up must come down”… eventually. As
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