feedlots Archives - Page 8 of 41

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

Feed weekly outlook: Dryness helps push up grain prices

Market seen shifting between 'no need' and 'giant need'

By GFM Network News July 14, 2023

MarketsFarm — As dry conditions continued to take root across much of the Canadian Prairies, feed grain prices have for the most part been climbing, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “The futures are coming up on quite a few commodities, so the prices have been coming up slightly,” Leclerc said […] Read more

Barley, Corn, Crops, Markets

Feed weekly outlook: Falling corn prices not spurring new demand

Feed barley bids in Alberta, Manitoba up from month-ago

By GFM Network News July 6, 2023

MarketsFarm — Falling prices for U.S. corn futures on the Chicago Board of Trade (CBOT) are having little effect on shipments going to Alberta feedlots, according to one grain buyer. The September corn contract fell to its lowest price since January 2021 when it dropped to US$4.79 per bushel on Wednesday, before closing at US$4.8525/bu. […] Read more

Finishers, Livestock, Markets

Klassen: U.S. feeder markets pull Canadian values higher

Feedlots aggressively seek U.S. corn

By Jerry Klassen, GFM Network News July 4, 2023

For the week ending July 1, western Canadian feeder markets traded $2-$5/cwt higher compared to seven days earlier. Quality groups of yearlings were up $8-$10/cwt from a week earlier. South of the border, major markets in Oklahoma had feeder steers and heifers trading US$5-$10/cwt above week-ago levels. The Canadian market is functioning to ration demand […] Read more

File photo of a BNSF grain train in Montana. (Photo courtesy BNSF Railway)

Barley, Corn, Crops, Markets

Feed weekly outlook: U.S. corn keeps making way into Canadian rations

Ease of sourcing corn by rail an attractive feature

By Phil Franz-Warkentin, GFM Network News June 29, 2023

MarketsFarm — The size and quality of the 2023 Canadian grain crop is still very much in the air, but domestic feeders intend to keep at least some corn from the U.S. in their rations going forward no matter what is grown on the Prairies. Canadian buyers have already booked 78,500 tonnes of U.S. corn […] Read more

Barley, Crops, Markets

Feed weekly outlook: Rains lift interest, prices

Dry conditions in U.S. Corn Belt supportive

By GFM Network News June 22, 2023

MarketsFarm — When Alberta was dry, feed prices drew little interest according to Susanne Leclerc of Market Master Ltd. in Edmonton. But that changed after some timely rains, with prices on the rise. “There’s more demand than we have seen in a while,” Leclerc said. “When crops were looking crappy and people were worried about […] Read more

Livestock, Markets, Reuters

U.S. livestock: Hogs rally to nine-month high; cattle ease

Cattle futures weaker on seasonal slowdown and profit-taking round

By Mark Weinraub, GFM Network News June 20, 2023

Chicago | Reuters — Chicago Mercantile Exchange hog futures rose to a nine-month high as a recent slowdown in the pace of slaughter limited the amount of retail supplies. Cattle futures were weaker on an expected seasonal slowdown and a round of profit-taking, traders said. CME July hogs jumped three cents to 95.85 cents per […] Read more

CME August 2023 live cattle with Bollinger bands (20,2). (Barchart)

Livestock, Markets, Reuters

U.S. livestock: CME live cattle up as beef prices climb

Chicago lean hogs close mixed

By Julie Ingwersen, GFM Network News June 17, 2023

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rose on Friday ahead of a long U.S. holiday weekend, supported by strong beef prices and profitable margins for beef packers, traders said. CME’s benchmark August live cattle contract settled up 0.65 cent at 171.725 cents/lb. (all figures US$). The U.S. Department of […] Read more

File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)

Barley, Crops, Markets

Feed weekly outlook: Market in a waiting game

U.S. corn, available wheat keep market supplied

By Phil Franz-Warkentin, GFM Network News June 8, 2023

MarketsFarm — The feed grain market in Western Canada is holding relatively steady for the time being as both buyers and sellers wait to get a better handle on new-crop production. “It’s a waiting game at this point between the farmer and the feedlot,” said grain merchant Jay Janzen of CorNine Commodities at Lacombe, Alta. […] Read more

Pasture conditions during the spring and summer always have an affect on beef markets.

Cattleman’s Corner, Livestock, Markets

Positive margins underpin feeder complex

Market Update with Jerry Klassen: As usual, a lot will depend on whether there’s moisture for grass and feed grains

By Jerry Klassen June 3, 2023

During the second week of April, Alberta packers were buying live fed cattle in the range of $229-$230/cwt f.o.b. feedlot in southern Alberta. This is up approximately $7 from mid-April. Breakeven pen closeouts are around $220/cwt. After struggling for nearly three years in a row, feeding margins have finally moved into positive territory. Strength in […] Read more

Cereals, Crops, Markets

Feed weekly outlook: Weather market will determine grain prices

Old-crop pricing is starting to come down

By GFM Network News June 1, 2023

MarketsFarm – To Glen Loyns of JGL Commodities at Moose Jaw, Sask., feed grains on the Canadian Prairies are in a weather market, with prices for barley, wheat and corn quite able to go either way. “If it rains it’s going to be weak. If it’s dry it’s going to be higher. A pretty tough […] Read more

U.S. grains: Soybean futures edge up as Argentina ends export tax waiver

U.S. livestock: Hog futures hit contract high, herd falls short of estimates

Eastern wheat to be included in Cereals Canada’s harvest assessment

GFM Network News