(Photo courtesy Canada Beef Inc.)

Klassen: Barley price forecasts enhance feeder cattle demand

Recent rains nearly guarantee at least average yields

Compared to last week, western Canadian yearling prices were relatively unchanged. Heifer and steer calves were quoted steady to $3 lower on average but the market was harder to define due to limited numbers. Small packages of calves of various quality resulted in the wide-ranging price structure. Buying interest for grassers appears to have subsided.

Wheat fields being harvested

EU nudges up soft wheat crop forecast, cuts barley and maize

The European Commission has raised slightly its monthly forecast of usable production of common wheat, or soft wheat, in the European Union in 2022-23, to 130.4 million tonnes from 130.1 million previously, data posted on its website showed. The latest projection was also slightly above production of 130.1 million tonnes in the current 2021-22 season.



(Photo courtesy Canada Beef Inc.)

Klassen: Rains enhance demand for grass cattle

Deferred cattle futures showing strength

Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged; steer calves under 700 lbs. were steady to $2 higher on average; heifer calves were steady to $5 higher. Southern Alberta, along with the western half of Alberta, received 30-40 mm of rain over the week which enhanced demand for









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StatsCan reports sharp decline in field crop stocks

Stocks tighter than most traders had estimated

MarketsFarm — Statistics Canada’s report on the country’s principal field crop stocks, released Friday, reflects an ever-tightening supply brought on by last year’s drought. With the exception of corn and soybeans, all of the crops listed suffered a supply decline of at least 10 per cent compared to the year before, as of March 31.