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(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Yearling demand remains firm

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Compared to last week, western Canadian yearlings fresh off grass traded steady to $2 higher; backgrounded yearlings were relatively unchanged. The calf market was too thin to quote. Major feedlot operators set the price structure and were once again very aggressive. While many feedlots are backed up with market-ready supplies of fed cattle, some feedlots
CME September 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

Klassen: Strong demand underpins yearlings

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Compared to last week, yearlings traded steady to $4 higher on average; calves traded $2-$4 lower, although light volumes made the market hard to define. All eyes were on feeder cattle futures, which closed up nearly $4 for the week. This set the direction in Western Canada. Auction barns in Manitoba and Saskatchewan remain in
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle market searching for direction

Feedlots expecting barley prices to drop

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Western Canadian feeder cattle prices continue to trade in a sideways pattern. Compared to last week, prices were quoted $2-$3 on either side of unchanged. Most auction barns were on holidays last week and arenas that did hold sales experienced limited volumes. Therefore, the market was hard to define. U.S. feeder cattle markets were steady
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle market grinds lower

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Compared to last week, western Canadian feeder cattle prices were steady to $4 lower on average. Small packages were available and buyers were picking away with subdued interest. There were some “green” strings of yearlings in Alberta and Saskatchewan which were well bid; however, most cattle were characterized by medium to smaller frames. Some of
Barley. (Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Lower stocks support grain prices

Corn still 'competitively' priced

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MarketsFarm — Feed grain prices in Western Canada have been strong lately, as old-crop supplies reach seasonal lows. “We’re getting to the bottom of old-crop stocks,” said Allen Pirness of Market Place Commodities in Lethbridge. However, he noted, growing conditions on the Prairies have been favourable, with no indication of a “drought-induced early harvest.” Old-crop
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market recovery continues

Strength in fed cattle prices the main driver

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Compared to last week, western Canadian yearling prices were $6-$8 higher on average while calves were unchanged to $4 higher. Strength in fed cattle prices was the main factor driving the feeder cattle market this week. Alberta direct fed cattle sales were reported on a live basis from $150 to $153 f.o.b. the feedlot, up
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle markets reflect mixed tone

U.S. corn offered into southern Alberta

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Compared to the previous week, western Canadian yearling prices were $2-$4 higher on average while calves traded unchanged to as much as $8 lower. Larger feedlot operations were actively bidding for 800-plus-lb. feeders across the Prairies due to the limited supply. Lower volumes were available this past week which was supportive for the market. Southern
(Doug Wilson photo courtesy ARS/USDA)
Crops, Markets

Feed weekly outlook: Overwintered barley beats expectations

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MarketsFarm — Last fall’s remaining barley crops coming off the field this spring were at risk of causing a supply glut in feed grain markets. Luckily, however, those overwintered barley crops are in better-than-expected condition, and not all of them are going into the feed market. “We thought there would be a lot more coming

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