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CME August 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day movjng averages (pink, red and black lines). (Barchart)
Finishers, Livestock, Markets

Klassen: Canadian feeder market divorces from feeder cattle futures

Timing of new-crop feed grains leads to shift

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Compared to last week western Canadian yearling markets traded $3-$4 on either side of unchanged. The quality was quite variable resulting in the wide price structure; however, decent genetic and lower flesh packages were red hot. Feedlot operators were extremely aggressive on 700- to 800-lb. steers although higher weight categories were also well bid. Auction […] Read more
Standing corn north of St. Adolphe, Man. on Sept. 19, 2021. (Dave Bedard photo)
Barley, Corn, Crops, Markets

Feed weekly outlook: Corn trading higher than barley

Seeding begins in Alberta

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MarketsFarm — Imported corn from the U.S. is still the grain of choice for feedlots in southern Alberta, despite the fact feed barley is at a slightly lower price right now. Corn traded on Wednesday at around $480 per tonne ($12.19 per bushel) in Lethbridge, said Jim Beusekom, president of Market Place Commodities in Lethbridge. […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feedlot demand up prior to seasonal rally

Market for calves 'boiling hot' in Manitoba

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For the week ending April 30, western Canadian feeder cattle prices were quite variable. Yearlings traded $8 lower as much as $5 higher. Severe discounts were noted on fleshier cattle; some auction barns reported the bulk of cattle over 800 pounds were medium to heavier flesh. Deferred live cattle futures were under pressure but the […] Read more
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Crops, Markets

USDA attache predicts large 2022-23 grain crops for Canada

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MarketsFarm — Canada is expected to see a 30 per cent increase in grain production in 2022-23, according to estimates from the U.S. Department of Agriculture’s Foreign Agricultural Service post in Ottawa. Expectations for improved yields for Prairie grain crops after the 2021-22 drought accounted for much of the projected increase, although USDA also cautioned […] Read more
Flags in front of the European Commission headquarters in Brussels. (Inakiantonana/E+/Getty Images)
Crops, Markets

EU crops to face some challenges in 2022-23

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MarketsFarm — Total grain production in the European Union is expected to decrease overall by 2.4 per cent in 2022-23, according to U.S. Department of Agriculture attachés throughout the multi-nation bloc. For the coming crop year, they forecast production to be 286.02 million tonnes of wheat, corn, barley, rye, oats, mixed grains and others. One […] Read more
(Greg Berg photo)
Crops, Markets, Weather

StatsCan predicts more Canadian wheat acres, less canola in 2022

Lentil, corn, soy acres are also expected up from 2021, barley down

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MarketsFarm — Canada’s farmers intend to seed more acres to wheat and less to canola in 2022, according to the first survey-based estimates from Statistics Canada for the upcoming crop year released Tuesday. Canola area is forecast at 20.9 million acres by the government agency, which would be down by seven per cent from the […] Read more
Calves are being sold sooner than expected while cow culling rates are higher than normal. Photo: Thinkstock
Finishers, Livestock, Markets

Klassen: Adverse weather tempers feeder cattle market

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Compared to last week, western Canadian feeder cattle markets traded $3-$4 on either side of unchanged. Southern Alberta experienced severe wind and dust storms last week which softened buying interest from a large portion of feedlot operators. At the same time, grass conditions are quite variable across the Prairies despite the recent precipitation. Cooler temperatures […] Read more

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