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Crops, Markets

Feed weekly outlook: Prices to continue slipping back

Feedlots covered for now

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MarketsFarm — Feed prices are set continue grinding lower for the balance of 2023, “as domestic end users are covered,” according to Jim Beusekom, president of Market Place Commodities in Lethbridge. Beusekom pointed to the amount of contracted corn being imported from the United States as well as better-than-expected yields across the Prairies this harvest.
A sea otter floats near the Columbia Glacier along Alaska’s southern gulf coast. (Chansak Joe/iStock/Getty Images)
Weather

Prairie Forecast: Nice, quiet early-winter weather

Issued Nov. 1, covering Nov. 1 to 8

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Interesting weather pattern setting up across the Prairies during this forecast period. Well, maybe “interesting” isn’t the right word; “boring” might be a better one. What I mean by “interesting” is just how quickly we swung from a warm fall pattern to a cool winter pattern. Low temperatures across the Prairies over the last week
Long-range outlook points to warmer winter
Weather

Long-range outlook points to warmer winter

Odds less likely for Prairies next three months

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MarketsFarm — Warmer than normal temperatures are expected across nearly all of Canada this winter, with average precipitation for most of the agricultural areas of the Prairies. The latest long-range seasonal forecast from Environment Canada, released Tuesday, calls for a 40 per cent chance of above-normal temperatures from November through January across most of Alberta,
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Canadian feeder market holds value despite weaker futures

Weaker loonie offers support

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Compared to last week, western Canadian yearling prices traded $3-$5 lower while calf values were relatively unchanged. The market was slightly softer early in the week. On Wednesday, Alberta packers renewed fed cattle bids similar to week-ago levels and the aggressive buying lifted calf prices back up to levels similar to seven days earlier. Adverse
(Mysticenergy/iStock/Getty Images)
Weather

Prairie Forecast Update: Warmer air not in the cards

Issued Oct. 29, covering Oct. 29 to Nov. 1

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The forecast for this period has been playing out pretty close to what the weather models were predicting, but with a few small differences. For Alberta, the forecasted upper ridge does not look like it will get nearly as strong as originally forecasted as a strong northwesterly flow helps to flatten the ridge. This means
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Bids book week of losses

U.S. wheat futures down on week

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MarketsFarm — Western Canadian wheat bids took a tumble with durum prices having the largest losses during the week ended Oct. 26. U.S. wheat futures were pressured throughout the week as rains fell on winter wheat-growing areas in the country, as well as in Argentina, Ukraine and Australia. Export sales for U.S. wheat were lower
(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Grains see flat demand, price movement

A clearer picture of new-crop corn availability may provide direction

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MarketsFarm — Recent demand for feed grains from feedlots has been in a standstill, according to Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. “It’s been flat, probably since the end of September. We haven’t seen any big changes when it comes to demand or prices,” she said. “From what we’ve been
Fresh snow on an ornamental crabapple tree in Winnipeg, Oct. 25, 2023. (Dave Bedard photo)
Weather

Prairie Forecast: Arctic high slowly moving out

Issued Oct. 25, covering Oct. 25 to Nov. 1

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As is often the case at this time of the year, the weather models got the general picture right, but the finer details were much to be desired. Usually, the models struggle with the forecast beyond two to five days out, but for much of this forecast period they struggled with the finer details on
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market vulnerable to weakness

Placements higher than expected

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Compared to last week, western Canadian yearling markets traded $3-$5 on either side of unchanged. Prices for 800-plus-lb. yearlings were firm in Manitoba but softened in western regions. Calf prices were relatively unchanged from week-ago levels. There were larger volumes of calves on offer with many auction barns holding feature sales. The increase in supplies
A black-billed magpie in Edmonton on Oct. 19, 2023. (Photo: Artur Widak/NurPhoto via Reuters)
Weather

Prairie Forecast Update: Cold and some snow coming

Issued Oct. 22, covering Oct. 22 to 25

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I have been waiting to see if the weather models were going to come into agreement on the upcoming shift on our weather pattern and for the most part, they have: it’s going to get cold! A large area of low pressure has formed over the eastern Arctic and the counterclockwise rotation around that low

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