(Photo courtesy Canada Beef Inc.)

Klassen: Feedlot demand up prior to seasonal rally

Market for calves 'boiling hot' in Manitoba

For the week ending April 30, western Canadian feeder cattle prices were quite variable. Yearlings traded $8 lower as much as $5 higher. Severe discounts were noted on fleshier cattle; some auction barns reported the bulk of cattle over 800 pounds were medium to heavier flesh. Deferred live cattle futures were under pressure but the […] Read more


The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

USDA attache predicts large 2022-23 grain crops for Canada

MarketsFarm — Canada is expected to see a 30 per cent increase in grain production in 2022-23, according to estimates from the U.S. Department of Agriculture’s Foreign Agricultural Service post in Ottawa. Expectations for improved yields for Prairie grain crops after the 2021-22 drought accounted for much of the projected increase, although USDA also cautioned […] Read more



Flags in front of the European Commission headquarters in Brussels. (Inakiantonana/E+/Getty Images)

EU crops to face some challenges in 2022-23

MarketsFarm — Total grain production in the European Union is expected to decrease overall by 2.4 per cent in 2022-23, according to U.S. Department of Agriculture attachés throughout the multi-nation bloc. For the coming crop year, they forecast production to be 286.02 million tonnes of wheat, corn, barley, rye, oats, mixed grains and others. One […] Read more



(Greg Berg photo)

StatsCan predicts more Canadian wheat acres, less canola in 2022

Lentil, corn, soy acres are also expected up from 2021, barley down

MarketsFarm — Canada’s farmers intend to seed more acres to wheat and less to canola in 2022, according to the first survey-based estimates from Statistics Canada for the upcoming crop year released Tuesday. Canola area is forecast at 20.9 million acres by the government agency, which would be down by seven per cent from the […] Read more

Calves are being sold sooner than expected while cow culling rates are higher than normal.  Photo: Thinkstock

Klassen: Adverse weather tempers feeder cattle market

Compared to last week, western Canadian feeder cattle markets traded $3-$4 on either side of unchanged. Southern Alberta experienced severe wind and dust storms last week which softened buying interest from a large portion of feedlot operators. At the same time, grass conditions are quite variable across the Prairies despite the recent precipitation. Cooler temperatures […] Read more


(Dave Bedard photo)

Drought fears, fertilizer may affect Canadian acreage estimates

MarketsFarm — Traders and analysts awaiting Statistics Canada’s first survey-based acreage report for the 2022-23 crop year on Tuesday believe competition amongst crops — as well as their dependence on fertilizer, and the possibility of another drought this summer — will be determining factors. Canola stands as the best representation of traders’ concerns. Despite reaching […] Read more