Holstein-beef cross feeder cattle

Fed market reflects beginning signs of herd expansion

The Markets: Beef cow numbers are still expected to decline in 2024 and 2025

Western Canadian feeder cattle prices have been trading near historical highs throughout the summer and early fall period. At the time of writing this article, larger-frame Angus steers off grass averaging 950 lbs. were trading around $320/cwt in central Alberta. Steers averaging 500 lbs. were quoted between $450/cwt and $500/cwt, depending on weaning stage and […] Read more

Wheat stocks in major exporting nations are not considered burdensome and are rather seen to have become relatively tight.

Markets continue to push lower

Risk premiums created by Russia's invasion of Ukraine have evaporated

Market sentiment remains bearish for most agricultural commodities, including the major crops grown in Western Canada. Prices have been declining in most markets since the recent highs were set at the beginning of the Russian invasion of Ukraine in 2022. Markets have gradually adjusted to the news coming from the conflict and has effectively removed […] Read more


When commercial and managed-money positions are at an extreme low or high, that represents a turning signal for the market.

Understanding the Commitments of Traders report

The U.S. report, released every Friday, is an important indicator of cattle market movement

Who is long? Who is short? How much of each? This is the most important market information when studying the futures markets. The Commitments of Traders (CoT) report is released every Friday afternoon by the U.S. Commodity Futures Trading Commission (CFTC) and shows the trading positions of market participants as of Tuesday’s close. Whether you […] Read more

The Index of Wheat on The Screen.

What moves grain futures and cash markets?

Fundamentals and futures are the underlying structure. Then add on speculators


In the next few columns, I’ll review what makes futures and cash grain markets move. I’ll touch on fundamentals, futures markets, technical and speculation. Then I’ll throw in some tariff and trade issues and add a little political mayhem, in hopes of trying to make sense of how markets act and react. Market action starts […] Read more