Klassen: USDA lowers beef production estimates for 2023

Klassen: USDA lowers beef production estimates for 2023

Three months needed to clean up the backlog in Canadian feedlots

During the third week of November, Alberta packers were buying fed cattle on a dressed basis in the range of $303-$305/cwt f.o.b. the plant for late December delivery. Live prices in Alberta were quoted at $178-$180 f.o.b. the feedlot. Feedlots in Alberta and Saskatchewan are backed up with market-ready supplies of fed cattle. Carcass weights […] Read more






Cattle outlook brightens for 2021

Cattle outlook brightens for 2021

Feeder market influenced by lower overall supplies

During mid-December, Lethbridge-area feedlots were selling fed cattle in the range of $138 to $140, up $2 to $4 from 30 days earlier. While Canadian feedlot operators are contending with a backlog of market-ready supplies, cattle on feed 150 days and longer are actually below year-ago levels south of the border. The USDA lowered its […] Read more



(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Firm undertone to Prairie grains

MarketsFarm — Solid demand from cattle feeders and ongoing logistic issues across the Prairies should keep a firm undertone in the feed grain market for the time being, according to an Alberta broker. “The feed market has definitely moved higher,” said Brandon Motz of CorNine Commodities at Lacombe, Alta., adding “demand is strong through feedlot […] Read more

Barley south of Ethelton, Sask. in early August 2017. (File photo by Dave Bedard)

Feed weekly outlook: Barley’s slide slows as harvest drags

MarketsFarm — The slide in western Canadian feed grain prices over the past few months shows signs of slowing, as concerns over harvest delays supplant earlier concerns over large crops and quality downgrades. “The weather over the next week or so doesn’t look that great,” Allen Pirness of Market Place Commodities in Lethbridge said Thursday. […] Read more