(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market under weight of imports

Compared to last week, western Canadian feeder cattle markets traded $5 lower to $2 higher. It’s that time of year when most feedlots are carrying sufficient numbers and buyers are hesitant to increase ownership unless they can see profitability. Auction market volumes contained weaned and unweaned calves over the past week; premiums returned for feeders […] Read more



Canola in swath near Starbuck, Man. on Aug. 10, 2019. (MarketsFarm photo by Glen Hallick)

StatsCan report puts canola production at lowest since 2015

MarketsFarm — Data from Statistics Canada’s production of principal field crops report, released Friday morning, will likely be supportive of canola values, put pressure on barley, and keep wheat prices steady. In the report, canola production across Canada decreased by 8.3 per cent nationally to 18.6 million tonnes, compared to 2018 production volumes. The decreased […] Read more


A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Feed weekly outlook: Purchases delayed as prices steady, supplies ample

MarketsFarm — With good supplies available, don’t expect to see much movement in prices for feed wheat and barley over the next several months, according to Nelson Neumann. Neumann, senior trader for Agfinity at Stony Plain, Alta., said barley currently was around $223 per tonne Lethbridge delivered and wheat was a little back at $220 […] Read more

In southern Alberta, Simmental based steers weighing 510 pounds were quoted at $230 in mid-November while black heifers were valued at $195. It’s looking like feast-or-famine beef production in early 2020.

Calf prices will be sideways into 2020

Market Update with Jerry Klassen: Both the U.S. and Canada produced smaller calf crops in 2019

Alberta packers were paying $142 to $144 on a live basis in mid-November, relatively unchanged from last month’s average price. While Alberta prices have traded in a sideways range, fed cattle values south of the border have been percolating higher. In Nebraska, fed cattle were trading in the range of $114 to $116, up from […] Read more


(Dave Bedard photo)

Trade’s crop estimates vary ahead of StatsCan report

MarketsFarm — Barley and canola production expectations vary ahead of Statistics Canada’s production of principal field crops report, due out Friday. In September, the federal agency estimated Canada’s barley production to total just less than 10 million tonnes, two million higher than the final count for the 2018-19 growing year. However, some trade estimates are […] Read more