For the week ending August 17, Western Canadian feeder cattle prices were $3-$5 lower on average. Three weeks ago, 1,000 pound steers off grass reached up to $340/cwt. This past week, these same cattle were quoted in the range of $315-$325/cwt.
Tag Archives markets
Klassen: Yearling market softens on economic uncertainty
U.S. grains: Soybeans rally as US crop tour begins
Chicago soybean futures rallied on Monday, recovering from nearly four-year lows as traders waited to see if a major field tour this week will support expectations of bumper U.S. yields.
U.S. grains: Soybeans, corn fall on bumper yield forecasts; wheat steadies
Chicago Board of Trade soybeans and corn futures turned lower on Friday, with both also notching a third weekly loss, as farmers kept clearing out their grain bins ahead of a U.S. harvest that is forecast to see massive yields, traders said.
U.S. grains: Wheat loses overnight rally; soybeans and corn futures dip
Chicago Board of Trade wheat futures ended lower on Thursday as cheap Black Sea exports kept weighing on the market, which had risen overnight on a rally sparked by a Russian attack on Ukrainian port infrastructure.
U.S. grains: Soybeans firm after bouncing back from latest four-year low
Chicago soybeans rose on Wednesday, bouncing back on technical trading after hitting another four-year low, according to analysts.
U.S. grains: Soybeans set another four-year low following USDA report
Chicago soybean futures lost more ground on Tuesday, setting another four-year low a day after U.S. Department of Agriculture data reinforced the prospect of a bumper U.S. harvest.
Klassen: Feeder market holds value amid economic uncertainty
Overall, the calf market appeared to be more sensitive to the weakness in the deferred live cattle futures while buyers of yearlings were focused on securing ownership. Ideas are that yearling supplies are down from year-ago levels and scarcity factor is driving the bullish enthusiasm.
U.S. grains: Corn and soy futures near four-year low, wheat rises
Chicago corn and soy futures closed near four-year lows on Friday and posted weekly losses, while wheat prices rose on expectations of a poor crop in France as traders positioned for Monday's U.S. supply and demand report.
U.S. grains: Corn, soybeans face bearish pressure on hefty supplies
Chicago Board of Trade (CBOT) corn futures fell on Thursday, and soybean futures set new life-of-contract lows, as U.S. farmers scramble to sell their bins of old-crop grain and oilseeds into a global market awash in supplies, traders said.
U.S. grains: Corn, soybeans ease on US crop expectations, demand concerns
Chicago Board of Trade corn and soybean futures turned lower on Wednesday as markets came under pressure from expectations of a U.S. bumper crop, moderate weather in the Midwestern corn belt and sluggish oilseed demand, traders said.