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GFM Network News

  • Photo: Canada Beef

    U.S. livestock: Cattle markets up ahead of report

    2 days ago
  • Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

    U.S. grains: Soybean futures fall after Trump-Xi call

    2 days ago
  • Prairie Wheat Weekly: Western Canadian bids slightly decline

    2 days ago
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Tag Archives markets


Photo: Canada Beef Inc.
Livestock, Markets

Klassen: Increased feeder cattle selling caps upside momentum

By Jerry Klassen January 21, 2025
There was a surge in farmer selling across Western Canada last week. Sales volumes were larger than normal at many auction barns.  The fear that President Trump would implement a tariff on feeder cattle ignited fears that that market would drop sharply.  

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Corn, Reuters, Soybeans, Winter Wheat

U.S. grains: Soy, corn futures retreat on profit-taking

By Julie Ingwersen, Reuters January 16, 2025
U.S. soybean futures fell about two per cent on Thursday as forecasts for much-needed rains in dry areas of Argentina's crop belt and expectations of a massive Brazilian soy harvest sparked a round of profit-taking, analysts said.


“I’ll be quite surprised if he (U.S. president-elect Donald Trump) doesn’t implement the tariffs on his first day,” said oat market analyst Randy Strychar at the SaskOats 2025 annual general meeting held today during Crop Week in Saskatoon. | File photo
Markets, News, Oats

Crop Production Show 2025: U.S. tariffs could impact Canadian oat market as early as next week

By Delaney Seiferling January 16, 2025
Producers shouldn't panic just yet, says oat market analyst at the 2025 Crop Production show

(WPohlDesign/iStock/Getty Images)
Livestock, Markets

Klassen: Demand surges for beef, live cattle and feeder cattle

By Jerry Klassen January 14, 2025
For the week ending January 11, Western Canadian feeder cattle prices were up $15-$20/cwt compared to the week ending December 21, 2024. In eastern Saskatchewan and Manitoba, quality packages of steers 800 pounds and over traded $20/cwt to $25/cwt higher compared to three weeks earlier. 


“But we lost a lot of acres… which suggests to me that some organic guys have let some of their organics land go. And they are growing canola on the side,” says Laura Telford. Photo: Greg Berg
Canola, Markets, Soybeans

ICE Weekly: No news means no canola price movement

By Adam Peleshaty January 8, 2025
A lack of significant news has prevented canola prices at the Intercontinental Exchange to break out of its recent trading range to start 2025.

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Markets

CBOT weekly: Chicago soybeans/corn looking for direction

By Phil Franz-Warkentin January 8, 2025
South American weather forecasts, positioning ahead of the Jan. 10 United States Department of Agriculture supply/demand report and uncertainty over trade policies under the incoming Trump administration were all influencing the Chicago grain and oilseed markets during the first days of 2025.


(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Stronger fed market to pull up feeder complex

By Jerry Klassen January 7, 2025
The Alberta fed cattle market was quoted on a live basis in the range of range of $262-$265/cwt fob feedlot last week. Fed cattle forward contracts for March and April delivery (Alberta) were quoted from $270 to $272/cwt.  Compared to last week of November 2024, fed prices are up $20/cwt on average.

Photo: Stefanlinton/iStock/Getty Images
Beef Cattle, Livestock, Markets

Klassen: Feeder market has many factors to digest in 2025

By Jerry Klassen December 31, 2024
For the week ending December 28, there were no feeder cattle sales in Western Canada; however, that didn’t stop cattle producers from emailing or calling me over the holidays inquiring about market direction. I thought it would be an opportune time to discuss a couple factors that will influence the market direction over the next couple of months.


Photo: iStock/Getty Images
Livestock, Markets

Klassen: Feeder market finishes 2024 on strong tone

By Jerry Klassen December 24, 2024
For the week ending December 21, Western Canadian backgrounded cattle and heavier calves were unchanged to $5 lower on average. Calves in the 600-800 pound range were relatively unchanged while calves under 600 pounds were steady to $10 higher.

Photo: Thinkstock
Livestock, Markets

Klassen: Feeder market consolidates at higher levels

By Jerry Klassen December 17, 2024
The market continues to digest the U.S. border closure to Mexican feeder cattle, which is drawing more U.S. demand towards Western Canada. Auction market volumes are declining at this time of year. The quality of cattle was sub-par in some regions which caused prices to be quite variable.


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