(Photo courtesy Canada Beef Inc.)

Klassen: Feedlots value feeders on finished cattle price projections

Compared to the week ending March 2, western Canadian yearling prices were $3-$5 lower on average. Mid-weight replacements in the range of 650-800 lbs. were down $8-$12. Steer calves under 650 lbs. traded steady to $5 lower. Heifer calves under 650 lbs. were also down $8-$12. The market was hard to define for heifer calves […] Read more

File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)

Argentine grain truckers strike, threatening exports amid harvest

Buenos Aires | Reuters — Truckers in Argentina began an open-ended strike on Monday to demand higher rates for transporting grain and livestock, an action that could hit grain exports during a key part of the harvest. Argentina, the world’s leading exporter of soy derivatives and second-largest corn exporter, recently started harvesting both grains, which […] Read more



(Qingwa/iStock/Getty Images)

U.S. crop prices climb following April WASDE report

MarketsFarm — There were two notable surprises in the latest supply and demand estimates from the U.S. Department of Agriculture, according to Ryan Ettner, trader with Allendale Inc. in McHenry, Ill. One was USDA having maintained its carryout for corn; the other was the carryover for wheat being a little larger than what the markets […] Read more


CBOT July 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: CBOT wheat, soybeans firm on tighter stocks

Corn firm, ending stocks unchanged

Chicago | Reuters — Chicago wheat, corn and soybean futures firmed on Friday after the U.S. Department of Agriculture (USDA) assessed global supply and demand, reflecting the impact that Russia’s invasion of Ukraine has had on Black Sea exports. Grain prices remained underpinned by Russia’s six-week-old invasion, which has stalled large amounts of Ukrainian exports […] Read more

Beef demand appears to be somewhat softer compared to January.

Cattle market contends with softer demand and rising grain prices

Market Update with Jerry Klassen: As Russia and Ukraine ban grain exports, Canada may become a major supplier in some markets

Alberta packers were buying fed cattle on a dressed basis in the range $272-$275 during the second week of March, relatively unchanged from 30 days earlier. Live bids were reported at $161 f.o.b. the feedlot in Alberta. The Alberta cash trade continues to trade at a $13-14 discount to the U.S. However, this spread had […] Read more


CBOT May 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybeans, corn firm ahead of WASDE

Wheat down, but supported by winter crop stress

Chicago | Reuters — Chicago Board of Trade soybean futures climbed on Thursday, bolstered by eroding South American production and steady U.S. export sales. CBOT wheat and corn futures eased ahead of the U.S. Department of Agriculture’s monthly global supply and demand report due Friday, expected to reflect the potential impact of the war in […] Read more



CBOT May 2022 soybeans (candlesticks) with 10-, 20- and 50-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Chicago soybeans, corn consolidate

CBOT wheat mixed pending sanctions

Reuters — Chicago soybeans and corn eased on Wednesday, consolidating after two days of gains, as traders watch U.S. weather and planting, while wheat traded mixed pending further sanctions against Russia following reports of civilian deaths in Ukraine. The most-active soybeans on the Chicago Board of Trade (CBOT) eased 11-1/2 cents to $16.19-1/2 a bushel […] Read more