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(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Barley prices still historically high, but face headwinds

Bulk corn delivery remains more convenient

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MarketsFarm — Feed barley bids in Western Canada remain historically strong, despite easing off their highs over the past month and trending lower. With bids of around $410 per tonne into the Lethbridge feedlot alley, feed barley “is still a sell,” according to Mike Jubinville of MarketsFarm, speaking on a webinar. However, he noted there […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Alberta fed cattle lead feeder market higher

Traders expecting more barley acres this year

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Compared to last week, western Canadian yearling markets traded $3-$5 higher while calf prices advanced $1-$3 on average. Alberta packers were buying fed cattle on a dressed basis of $360/cwt last week, up $3-$10 from a week earlier. Using a 60 per cent grading, live prices would be equivalent to $216. Feeding margins have improved […] Read more
(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Prices continue to soften as April approaches

Seeding start in Alberta remains a question mark

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MarketsFarm — Corn is still moving into feedlots in southern Alberta as it approaches not only the end of its contracts, but also the end of winter. “We’ve been seeing here in Lethbridge prices at $395-$400 per tonne ($10.03-$10.16 per bushel),” said Erin Harakal, trade manager at Agfinity Inc. at Stony Plain, Alta. “It seems […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Domestic grain prices slipping

Prairie wheat, barley on par with U.S. corn

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MarketsFarm – Feed wheat and barley prices in Western Canada have slowly trended lower over the past few months, with prices for both grains now on par with imported corn from the U.S. into Alberta’s key Lethbridge feedlot alley. All three grains are trading at around $410 per tonne into Lethbridge, according to Jim Beusekom, […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Stronger fed cattle market pulls feeders upward

Feedlots becoming more current with production

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Compared to last week, western Canadian yearling and calf markets were quoted steady to $5 higher on average. Strength was noted in southern Alberta. In the Lethbridge area, prices for lighter flesh replacements were up as much as $10 from seven days earlier. Larger supplies of backgrounded cattle are coming on the market at this […] Read more
Barley. (Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Grains wait for demand to pick up

Trucking availability still seen as an issue, but less of one

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MarketsFarm — As feed barley continued to sit in a lull, there have been some increases in feed wheat, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “There’s a little of downward pressure on barley,” Motz said, noting demand for it is expected to soon pick up. Feed wheat prices have increased recently, […] Read more
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Finishers, Livestock, Markets

Klassen: Feeder market scaling fresh heights

Heifer retention expected in U.S. this spring

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Compared to last week, western Canadian yearling markets traded $5 to as much as $10 higher. Replacements in the 650- to 800-lb. category were up $6-$12; calves under 650 lbs. were relatively unchanged although volumes were limited. Lightweight calves were hard to come by last week. Weather may have been a factor. Many factors contributed […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Corn, Crops, Markets

Feed weekly outlook: Corn the choice crop in feedlots

'Bigger feedlots are looking for volume'

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MarketsFarm — Copious amounts of corn are still being delivered to feedlots in southern Alberta despite slowly declining prices for other feed grains. “Corn is coming down over the last little bit,” Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge said. “You think that there would be a little bit more barley hitting the market. […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market continues the climb

Statistics show tightening supplies in Canada, U.S.

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Compared to last week, western Canadian feeder markets yearling markets traded $2-$5 higher. Replacements in the 700- to 800-lb. weight category appeared to jump $5 to as much as $15 in some cases. Calves weighing 500-700 lbs. were unchanged to $4 higher on average after rallying nearly $20 over the past month. There were limited […] Read more
Photo: File
Barley, Crops, Markets

Feed weekly outlook: Barley exports slowing down, local prices steady

Feedlots relatively well covered

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MarketsFarm — Canadian barley exports slowed down in January, but out-of-country movement is still running ahead of the year-ago pace, according to updated export data from the Canadian Grain Commission. Canada exported 131,100 tonnes of barley from licensed facilities in January, with China the top customer taking 100,500 tonnes. Total barley exports were well off […] Read more

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