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CME August 2023 live cattle (candlesticks) beneath CME December 2023 live cattle (top line), The spread between the two has been influencing the price structure for calves, Jerry Klassen writes. (Barchart)
Livestock, Markets

Klassen: Stronger deferred live cattle futures support feeder market

Fall run seen moving into final stages

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Compared to last week, western Canadian calf markets traded $5 lower to as much as $3 higher. Quality groups of heifers weighing 550-700 lbs. were notably $2-$3 higher and this was largely due to lower supplies of steers. Weather conditions improved in southern Alberta, which was supportive; however, buyers were cautious. Quality pre-conditioned calves held
Drought expands across western Prairies
Crops, Weather

Drought expands across western Prairies

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MarketsFarm — Drought conditions expanded across Alberta and Saskatchewan in October, with very little precipitation across the agricultural regions of the two provinces since August. That’s according to the latest Canadian Drought Monitor from Agriculture and Agri-Food Canada, as of Oct. 31. At the end of that month, 72 per cent of the Prairie region
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Bids steady following Ukraine volatility

U.S. wheat futures up on week

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MarketsFarm — A roller-coaster type of week for grain markets, fuelled by the ongoing conflict between Ukraine and Russia, ended with slightly higher bids for western Canadian wheat for the week ended Thursday. As optimism grew over the renewal of Russia’s agreement to allow Ukrainian grain shipments on the Black Sea, wheat futures on the
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Adverse weather limits demand for calves

Stronger Canadian dollar adds pressure

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Compared to last week, western Canadian yearling prices were steady to $2 higher. Calves traded steady to $10 lower in Alberta while markets in Saskatchewan and Manitoba were quoted $5 lower to $2 higher. Adverse weather resulted in a softer tone for calves with Lethbridge temperatures dipping to -25 to -33 C last week. The
File photo of barley being loaded off the combine. (Collab Media/iStock/Getty Images)
Crops, Markets

Feed weekly outlook: Grain supplies good, freight costs higher

'They don't have as many drivers as normal'

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MarketsFarm — There are still sufficient supplies of feed barley and wheat to be had on the Canadian Prairies — but there are issues with getting that feed from point to point, according to Erin Harakal, senior trader at Agfinity at Stony Plain, Alta. “I do think there are enough supplies from what we have
(WPohlDesign/iStock/Getty Images)
Livestock, Markets

Klassen: Tighter supplies underpin western Canadian feeder market

Weather conditions may sway buying interest

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Compared to last week, western Canadian yearling prices were unchanged to $4 higher. Heavier calves notched a week-over-week gain of $2-$4. Mid-weight and lighter calves traded steady to $5 lower in Alberta but $4-$5 on either side of unchanged in Saskatchewan and Manitoba. Yearling numbers were limited and buyers paid up for quality packages while
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Bids dip with U.S. futures

Loonie down 0.4 U.S. cent on the week

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MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday, as losses in U.S. futures and a firmer tone in the Canadian dollar weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $2-$4.50 per tonne during the week, according to price quotes

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