(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market stabilizes after December surge

Compared to last week, western Canadian feeder cattle prices traded $3-$4 on either side of unchanged. Small groups of various quality characterized sale volumes. There were a few packages of backgrounded yearlings that sold at decent levels. Finishing feedlots were fairly aggressive on groups in the 700- to 800-lb. category. Higher flesh levels have become […] Read more

(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Bids high, but limited supplies mean little moving

MarketsFarm — Feed grain prices in Western Canada remain at very high levels heading into the New Year, but little is actually trading as feedlots fill up with cheaper corn from the U.S. “The volume trading of Canadian feed grains has dropped significantly,” said Jim Beusekom, of Market Place Commodities at Lethbridge, noting about 80 […] Read more


(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Wheat, barley supplies tighten, replaced by corn

MarketsFarm — The further tightening of wheat and barley feed supplies is prompting feedlots to purchase more corn from the U.S., according to an Alberta-based analyst. “We’re nine months away, or almost 10 months away from more inventory coming in. There’s not much there for wheat and barley,” said Mike Fleischhauer of Eagle Commodities at […] Read more

(Dave Bedard photo)

Canola declines, durum drops in new StatsCan estimates

Soybean, oats estimates raised

MarketsFarm — There were very few surprises in Statistics Canada’s latest principal field crop production estimates released Friday — the first in 2021-22 to use a survey of producers. Nevertheless, they quantified just how severe last summer’s drought was in Western Canada. Canola production for the 2021-22 marketing year was estimated to be 12.595 million […] Read more