cattle in alberta feedlot

Feeder market trades at or near historical highs

The Markets: Larger supplies by numbers and weight will mean more beef supply year over year

During the last week of October, Alberta packers were buying fed cattle on a dressed basis in the range of $403-$408 per hundredweight ($242-$245/cwt on a live basis). This was unchanged from a month earlier. Breakeven pen closeouts are in the range of $250-$255/cwt, so margins are in negative territory for the time being. The […] Read more

Cattle at a feedlot near North Platte, Nebraska. (AndrewLinscott/iStock/Getty Images)

U.S. livestock: Feeder cattle drop on profit taking after 10-session rally

Chicago | Reuters – Chicago Mercantile Exchange feeder cattle futures retreated in a profit-taking setback on Monday after a ten-session rally that took prices to five-month peaks, while live cattle futures followed feeders lower. Monday’s cattle declines came after managed funds had bolstered their long holdings in both markets over recent weeks, encouraged by tight […] Read more


Canadian Financial Close: Loonie pulls back

Greenback adds more strength

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar dropped almost a quarter of a cent on Monday in the face of a stronger United States dollar and little direction from crude oil. The loonie closed at US$0.7114 or US$1=C$1.4056 compared to Friday’s finish of US$0.7138 or US$1=1.4010. On the U.S. Dollar […] Read more



North American grain/oilseed review: Canola stronger Monday

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Monday, recovering from overnight losses to see a continuation of last week’s correction off nearby lows. Tightening supply projections and solid end user demand remained supportive from a fundamental standpoint. Statistics Canada releases updated production estimates on Thursday Dec. […] Read more

ICE canola correcting higher to start week

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was holding onto small gains at midday Monday, seeing a continuation of last week’s correction off nearby lows. “The fundamentals on canola look good,” said an analyst pointing to tightening supply projections and solid end user demand. Statistics Canada releases updated production […] Read more


Global Markets: Biden pardons son

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.   United States President Joe Biden has pardoned his son, Hunter, going back on previous promises that he would not use the powers of the presidency to benefit his family. Hunter Biden was facing possible prison […] Read more

ICE canola declines to start week

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made small declines on Monday morning, capped by a weaker Canadian dollar. Chicago soyoil, European rapeseed and Malaysian palm oil were both lower to start the day. However, crude oil was higher due to a stronger economy in China and a tenuous ceasefire between Israel […] Read more


Canadian Dollar and Business Outlook: Loonie steps back

Greenback on the upswing

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar stepped back on Monday morning, due to a stronger United States dollar. As of 8:35 am CST, the loonie was at US$0.7121 or US$1=C$1.4039 compared to Friday’s close of US$0.7138 or US$1=C$1.3010. On the U.S. Dollar Index, the greenback advanced 0.577 of a point at […] Read more