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Tag Archives feedlots

File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)
Barley, Corn, Crops, Markets

Feed weekly outlook: Rain falls, grain prices to follow

U.S. corn values expected to decline

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MarketsFarm — Feed grain prices in Western Canada are showing the usual seasonal weakness as spring seeding continues, but prices are set to fall further. “I think as we get going, (prices) are going to lower down quite a bit,” Mike Fleischhauer of Eagle Commodities Ltd. at Lethbridge said. “The corn market over the next […] Read more
CME October 2023 feeder cattle with 20-, and 100-day moving averages and May 2023 feeder cattle (black line). (Barchart)
Finishers, Livestock, Markets

Klassen: Weather forecasts underpin feeder market

High forage costs pose problem for cow-calf expansion

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For the week ending Saturday, western Canadian feeder cattle markets were relatively unchanged from seven days earlier. The finishing feedlot operator appears to be dominating the feeder market across all weight categories. Ontario interest was creeping all the way into Alberta, especially for Limousin-type genetics. There were limited numbers on offer in Manitoba and Saskatchewan […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Barley market steady for now

Feedlots still importing U.S. corn

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MarketsFarm — Feed barley bids in Western Canada continue to hold steady, while attention in the market turns to the new crop going into the ground. “There currently is an uptick in demand for quick movement presenting good opportunities for producers ready to sell,” Alberta grain brokerage Agfinity said in a note to clients. “However, […] Read more
CME August 2023 feeder cattle with 20-day moving average (red line, right column) and CBOT July 2023 corn (yellow line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures up ahead of USDA feedlot data

Hog futures mixed; U.S. pork export sales up on week

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Thursday on technical buying and position-squaring ahead of a monthly U.S. Department of Agriculture (USDA) report that is expected to show fewer cattle in U.S. feedlots compared to a year ago, traders said. CME June live cattle settled up 0.7 cent at 165.525 […] Read more
CME June 2023 lean hogs with 20- and 50-day moving averages and CME cash lean hog index (blue line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs pressured by cheap cash prices, softer pork prices

Nearby live cattle higher, feeder cattle down

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures declined on Wednesday, snapping a three-session advance, pressured by a discounted cash hog market and declining wholesale pork prices, traders said. CME June lean hog futures settled down 2.325 cents at 84.875 cents/lb. and the July contract fell 2.575 cents to end at 85.55 cents […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Lower beef production forecast drives feeder market higher

Feedlots factoring in lower feed grain values

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Compared to the week ending May 6, western Canadian yearling prices were $2-$4 higher while calf values were up $2 to as much as $8 on average. The feeder market was well bid across all weight categories. Demand for grass cattle appeared to be more aggressive this past week. Yearling supplies will decrease over the […] Read more
File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)
Cereals, Corn, Crops, Markets

Feed weekly outlook: Short-term premiums add to fluctuations

Truckers seen trying to stay as local as possible

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MarketsFarm — Although most feed grain buyers were fairly well covered through spring seeding, Susanne Leclerc of Market Master Ltd. at Edmonton said some were looking for feed to get through the coming weeks and offered premiums. “Which is a shock for seeding season,” she said, suggesting it’s best to shop around, with prices fluctuating […] Read more
Photo: Canada Beef Inc.
Beef Cattle, Cow-Calf, Finishers, Livestock

Klassen: Feeder market remains firm on fed cattle strength

Alberta's disastrous wildfires may disrupt calf marketings

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Compared to last week, western Canadian prices for yearlings over 800 lbs. were quoted steady to $4 higher; feeders between 600-800 lbs. were relatively unchanged while calves under 600 lbs. were $5-$10 higher. The market for calves under 600 lbs. was hard to define due to limited volumes. Alberta packers were buying fed cattle on […] Read more
Photo: File
Barley, Crops, Markets

Feed weekly outlook: Futures pressure Canadian prices

Some buyers still seeking coverage

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MarketsFarm — Prices for feed grains in Western Canada continue to ease off, but seasonal activity isn’t the only reason contributing to the declines. Erin Harakal, trade manager at Agfinity Inc. at Stony Plain, Alta., said futures markets are also playing their part in pressuring feed grain prices. “Especially with the wheat markets due to […] Read more
File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)
Cereals, Crops, Markets

Feed weekly outlook: Grain area to increase this year

Oats area expected to be reduced

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MarketsFarm — Early signs point to increased Canadian feed grain production in 2023-24, with record corn acreage intentions and increases in both barley and wheat area on the year, according to the latest estimates from Statistics Canada. Planted corn area in the country is forecast at 3.725 million acres in 2023, which would be up […] Read more

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