markets Archives - Page 62 of 92

Klassen: Feeder market scaling fresh heights

Heifer retention expected in U.S. this spring

By Jerry Klassen, GFM Network News March 15, 2023

Compared to last week, western Canadian yearling markets traded $5 to as much as $10 higher. Replacements in the 650- to 800-lb. category were up $6-$12; calves under 650 lbs. were relatively unchanged although volumes were limited. Lightweight calves were hard to come by last week. Weather may have been a factor. Many factors contributed […] Read more

Barley, Corn, Crops, Markets

Feed weekly outlook: Corn the choice crop in feedlots

'Bigger feedlots are looking for volume'

By GFM Network News March 10, 2023

MarketsFarm — Copious amounts of corn are still being delivered to feedlots in southern Alberta despite slowly declining prices for other feed grains. “Corn is coming down over the last little bit,” Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge said. “You think that there would be a little bit more barley hitting the market. […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market continues the climb

Statistics show tightening supplies in Canada, U.S.

By Jerry Klassen, GFM Network News March 8, 2023

Compared to last week, western Canadian feeder markets yearling markets traded $2-$5 higher. Replacements in the 700- to 800-lb. weight category appeared to jump $5 to as much as $15 in some cases. Calves weighing 500-700 lbs. were unchanged to $4 higher on average after rallying nearly $20 over the past month. There were limited […] Read more

Crops, Markets, Spring Wheat

Prairie cash wheat: Bids dip with U.S. futures

Canadian dollar also down on week

By Phil Franz-Warkentin, GFM Network News March 4, 2023

MarketsFarm — Spring wheat bids in Western Canada posted losses during the week ended Thursday, underpinned as losses in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3.50-$8.10 per tonne across the Prairies, according to price quotes from a cross-section of delivery points […] Read more

Barley, Crops, Markets

Feed weekly outlook: Barley exports slowing down, local prices steady

Feedlots relatively well covered

By Phil Franz-Warkentin, GFM Network News March 3, 2023

MarketsFarm — Canadian barley exports slowed down in January, but out-of-country movement is still running ahead of the year-ago pace, according to updated export data from the Canadian Grain Commission. Canada exported 131,100 tonnes of barley from licensed facilities in January, with China the top customer taking 100,500 tonnes. Total barley exports were well off […] Read more

Cattleman’s Corner, Feed markets, Markets

Understanding feedlot margins

Market Update with Jerry Klassen: Much depends on having a risk management plan in place

By Jerry Klassen March 2, 2023

Feeding cattle is a unique business. Feedlot margins are often in negative territory. When there is a profitable period, it is relatively short lived. I often receive calls from cow-calf producers and other readers asking about margins for the feedlot operator. How can feedlots continue to operate after a prolonged period of negative margins? In […] Read more

ICE May 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola drifts downward with soybeans

Wheat's recent decline may spur canola acres

By GFM Network News March 2, 2023

MarketsFarm — The ICE Futures canola market drifted downward during the week ended Wednesday largely due to macroeconomic activity in the markets, according to one analyst. Jerry Klassen from Resilient Commodity Analysis in Winnipeg said canola prices have mostly followed the lead of the Chicago soy complex, while rains fell on Brazil as its soybean […] Read more

A dried-out corn crop next to cotton planted into a dried-out cornfield at Tostado in Argentina’s northern Santa Fe province, on Feb. 8, 2023. (Photo: Reuters/Miguel Lo Bianco)

Crops, Markets, Reuters

CBOT weekly outlook: It still comes down to South America

Continent's soy situation conflicting

By GFM Network News March 2, 2023

MarketsFarm — Although the U.S. Department of Agriculture (USDA) is set to issue its next supply and demand estimates on March 8, what’s going on in South America continues to dominate the Chicago Board of Trade (CBOT), according to Andrew Mages of Progressive Ag in Fargo, N.D. “Typically it’s not the most important report because […] Read more

File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)

Crops, Markets, Peas

Pulse weekly outlook: Peas seeing good Prairie movement

By Phil Franz-Warkentin, GFM Network News March 1, 2023

MarketsFarm — Peas are seeing good movement in Western Canada ahead of spring, although prices have held steady over the past month. “The yellow pea market has some life again,” said Allan Johnston of Johnston’s Grain at Wellwyn, Sask. He added there were also a few companies chasing after some coverage for green peas with […] Read more

Cereals, Crops, Markets

Feed grain weekly: Prices slip back on good supplies

Demand for corn from Manitoba, U.S. wanes

By GFM Network News February 23, 2023

MarketsFarm — There are sufficient supplies of feed barley, wheat and corn across the Prairies, according to Evan Peterson, trader with JGL Commodities. In turn, that’s putting pressure on prices. Peterson said a shortage of trucks and truck drivers last summer and fall led buyers to acquire as much feed as possible to get through […] Read more

U.S. livestock: Feeder contracts set fresh highs

U.S. grains: Soybeans, corn choppy as trade awaits U.S. crop tour results

Livestock Tax Deferral regions announced for drought-affected producers

GFM Network News