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Tag Archives feedlots

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

Feed weekly outlook: Barley, wheat prices continue downward

Oats, canola meal also bound for feedlots

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MarketsFarm — As colder temperatures descend onto the Prairies, buying activity for feed barley and wheat was just as frigid. “A lot of guys are fairly caught up with purchasing,” said Mike Fleischhauer of Eagle Commodities Inc. in Lethbridge. “You see the prices of wheat and barley start to trickle down a little bit. Corn’s […] Read more
(WPohlDesign/iStock/Getty Images)
Finishers, Livestock, Markets

Klassen: Feeder market’s upward trend continues

Manitoba, Saskatchewan see limited gains

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Compared to last week, western Canadian feeder cattle markets traded $2-$3/cwt higher on average. Southern Alberta appeared to lead Western Canada. Prices in the Lethbridge area were up $8/cwt to as much as $15/cwt from week-ago levels. Major operations have liquidated a significant amount fed cattle and become more current with production. There was a […] Read more
(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Prices slip during quiet January

Shortages of trucks, drivers still trouble cattle sector

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MarketsFarm — With January being a quiet time there’s isn’t a whole lot of direction for feed grains, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. Prices for feed barley and wheat have been slowing slipping, he said — especially with feedlots not having to buy and farmers not needing to sell — […] Read more
(PBouman/iStock/Getty Images)
Finishers, Livestock, Markets

Klassen: Feeder market price discovery continues

Ontario buying interest leading Prairie market

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In last week’s issue, we mentioned there was a large discrepancy in prices across Western Canada. Compared to the third week of December, prices in Manitoba were up $8/cwt to as much as $15/cwt, while Alberta markets were steady to $2/cwt higher. This past week, feeder prices in the eastern Prairie regions were relatively unchanged […] Read more
(Photo courtesy Canada Beef Inc.)
Cereals, Corn, Crops, Markets

Feed weekly outlook: Corn imports still weigh on domestic feed market

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MarketsFarm — Ample corn imports from the U.S. continue to keep the western Canadian feed grain market under pressure, with barley bids in Lethbridge trending lower through the early days of 2023. “We started the year with cash barley trading at roughly $450 (per tonne) in Lethbridge, it’s since declined to roughly $435,” said Jim […] Read more
Grain bins in a Saskatchewan field. (MysticEnergy/iStock/Getty Images)
Crops, Markets

Feed weekly outlook: Grain, price movement ongoing over holidays

Colder weather stymies deliveries

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MarketsFarm — With the Christmas break come and gone, more grain is being delivered to feedlots, according to one Lethbridge trader. Mike Fleischhauer of Eagle Commodities Ltd. said that despite the holiday season, in which lighter activity is expected, there was still some movement in feed grain prices. Wheat and barley were both valued at […] Read more
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Finishers, Livestock, Markets

Klassen: Historically high deferred live cattle futures support feeder complex

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Compared to last week, western Canadian feeder cattle markets traded $2 lower to $4 higher on average. Many auction barns were on holidays last week; therefore, the buying interest appeared to be more concentrated on the major markets. There were no reports from Manitoba last week. Alberta packers were buying fed cattle on a dressed […] Read more
Barley. (Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Alberta barley bids steady heading into holidays

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MarketsFarm — The Lethbridge feed grain market is holding relatively steady heading into the holiday season, with ample imports of corn from the U.S. keeping a lid on prices. Reports out of Alberta’s feedlot alley peg the upper edge of delivered barley bids in the $430-$435 area, with feed wheat seeing similar prices. Feedlots are […] Read more
Klassen: USDA lowers beef production estimates for 2023
Cattleman’s Corner, Markets

Klassen: USDA lowers beef production estimates for 2023

Three months needed to clean up the backlog in Canadian feedlots

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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

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