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(Geralyn Wichers file photo)
Livestock, Markets

Klassen: Feeder market consolidates

USDA report considered supportive for Q4 fed cattle

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Compared to last week, western Canadian yearling markets traded $2-$3/cwt on either side of unchanged. The steam appears to be coming off the market as larger volumes become available. Pastures have basically dried up in many areas of Western Canada, which has spurred on producer selling. The calf market was hard to define due to
(Geralyn Wichers photo)
Livestock, Markets

Klassen: Upward momentum in feeder market eases

Feedlots seen in 'risk assessment mode'

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Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Higher-quality groups of yearling heifers appeared to trade steady to $2 higher on average while steer markets traded $3-$4 higher to $2 lower. Calf prices are unchanged from seven days earlier. The rally in deferred live cattle futures has stalled for the time
Photo: MaksymTopchyi/iStock/Getty Images
Cereals, Crops, Livestock, Markets

Feed weekly outlook: wheat, barley prices still on the rise 

Demand for feed grains on the quiet side as feedlots order more United States corn says analyst

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Marketsfarm – Variable crop conditions in Alberta and Saskatchewan are contributing to rising feed grain prices on the Prairies just weeks away from harvest.  Erin Harakal, trade manager for Agfinity Inc. in Stony Plain, Alta., said while conditions in the northern half of Alberta are good in some places, areas around Red Deer and parts
A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)
Crops, Markets

Feed weekly outlook: Dry weather cuts into barley prospects

Canadian buyers already booking new-crop U.S. corn

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MarketsFarm — Dry weather across the Canadian Prairies may be cutting into barley production prospects, keeping domestic feed prices underpinned for the time being despite the likelihood of large corn imports from the United States. Alberta’s barley crop was only rated 43 per cent good to excellent in the latest weekly report, well off the
Barley south of Ethelton, Sask. in early August 2017. (File photo by Dave Bedard)
Crops, Markets

Feed weekly outlook: Dryness helps push up grain prices

Market seen shifting between 'no need' and 'giant need'

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MarketsFarm — As dry conditions continued to take root across much of the Canadian Prairies, feed grain prices have for the most part been climbing, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “The futures are coming up on quite a few commodities, so the prices have been coming up slightly,” Leclerc said
(Geralyn Wichers photo)
Crops, Markets

Feed weekly outlook: Falling corn prices not spurring new demand

Feed barley bids in Alberta, Manitoba up from month-ago

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MarketsFarm — Falling prices for U.S. corn futures on the Chicago Board of Trade (CBOT) are having little effect on shipments going to Alberta feedlots, according to one grain buyer. The September corn contract fell to its lowest price since January 2021 when it dropped to US$4.79 per bushel on Wednesday, before closing at US$4.8525/bu.
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: U.S. feeder markets pull Canadian values higher

Feedlots aggressively seek U.S. corn

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For the week ending July 1, western Canadian feeder markets traded $2-$5/cwt higher compared to seven days earlier. Quality groups of yearlings were up $8-$10/cwt from a week earlier. South of the border, major markets in Oklahoma had feeder steers and heifers trading US$5-$10/cwt above week-ago levels. The Canadian market is functioning to ration demand
(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Rains lift interest, prices

Dry conditions in U.S. Corn Belt supportive

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MarketsFarm — When Alberta was dry, feed prices drew little interest according to Susanne Leclerc of Market Master Ltd. in Edmonton. But that changed after some timely rains, with prices on the rise. “There’s more demand than we have seen in a while,” Leclerc said. “When crops were looking crappy and people were worried about
Photo: File
Livestock, Markets

U.S. livestock: Hogs rally to nine-month high; cattle ease

Cattle futures weaker on seasonal slowdown and profit-taking round

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Chicago | Reuters — Chicago Mercantile Exchange hog futures rose to a nine-month high as a recent slowdown in the pace of slaughter limited the amount of retail supplies. Cattle futures were weaker on an expected seasonal slowdown and a round of profit-taking, traders said. CME July hogs jumped three cents to 95.85 cents per

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