Grain bins in a Saskatchewan field. (MysticEnergy/iStock/Getty Images)

Feed weekly outlook: Grain, price movement ongoing over holidays

Colder weather stymies deliveries

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)

Klassen: Historically high deferred live cattle futures support feeder complex

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.)

Feed weekly outlook: Alberta barley bids steady heading into holidays

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

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


(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Barley, wheat prices pull back

Truck shortage 'hasn't gotten any better'

MarketsFarm — Prices for feed barley and wheat are coming down on the Prairies, said Susanne Leclerc of Market Master Ltd. in Edmonton — and a big part of that trend is the lack of demand for either commodity. “Buyers are fairly well covered. There seems to be a lack of desire for buyers to […] Read more

CBOT March 2023 oats with 20- and 50-day moving averages. (Barchart)

Feed weekly outlook: Wheat, barley eschewed for other grains

Oats, corn finding demand as feed

MarketsFarm — Feed wheat and barley prices in Alberta’s feedlot alley are coming down, largely due to the increasing presence of corn imported from the U.S. The high-delivered bid for Alberta feed barley on Wednesday was $9.80 per bushel, 11 cents lower than the previous week and 22 cents lower than one month earlier, according […] Read more


While the fed cattle market has held value, the feeder market has come under pressure.

Prairie feeder outlook bullish in the long term

Market Update with Jerry Klassen: Prices are encouraging many Canadian producers to keep replacement heifers

During the first half of October, Alberta packers were buying fed cattle on a dressed basis in the range of $300-$305 delivered. Using a 60 per cent grading, this would equate to $180-$183/cwt on a live basis. For March and April delivery, Alberta packers have been forward contracting in the range of $345-$350 cwt on […] Read more

(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Looming corn imports to keep lid on Prairie barley

MarketsFarm — Large shipments of corn from the U.S., slated for delivery to Alberta’s feedlot alley, should keep domestic barley prices under pressure going forward, according to an analyst. “The barley price here will gradually decline,” said Errol Anderson of Pro Market Communications in Calgary, adding that up to 30 unit trains of U.S. corn […] Read more


CME August 2023 live cattle (candlesticks) beneath CME December 2023 live cattle (top line),  The spread between the two has been influencing the price structure for calves, Jerry Klassen writes. (Barchart)

Klassen: Stronger deferred live cattle futures support feeder market

Fall run seen moving into final stages

Compared to last week, western Canadian calf markets traded $5 lower to as much as $3 higher. Quality groups of heifers weighing 550-700 lbs. were notably $2-$3 higher and this was largely due to lower supplies of steers. Weather conditions improved in southern Alberta, which was supportive; however, buyers were cautious. Quality pre-conditioned calves held […] Read more

CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle up on firm cash, speculative buying

February lean hogs end lower

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) hit the highest in nearly three weeks on Friday, supported by firm cash cattle markets and what appeared to be speculative buying, analysts said. Most-active CME February live cattle futures settled up 0.45 cent at 155.85 cents/lb. after reaching 156.125 cents, the […] Read more