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CME October 2023 feeder cattle with 20-, and 100-day moving averages and May 2023 feeder cattle (black line). (Barchart)
Finishers, Livestock, Markets

Klassen: Weather forecasts underpin feeder market

High forage costs pose problem for cow-calf expansion

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For the week ending Saturday, western Canadian feeder cattle markets were relatively unchanged from seven days earlier. The finishing feedlot operator appears to be dominating the feeder market across all weight categories. Ontario interest was creeping all the way into Alberta, especially for Limousin-type genetics. There were limited numbers on offer in Manitoba and Saskatchewan […] Read more
Smoke rises from the southeast side of a wildfire being tackled by helicopters near Shining Bank, Alta., about 200 km west of Edmonton, on May 19, 2023. (Photo: Alberta Wildfire/Handout via Reuters)
General, Weather

Prairie Forecast Update: A few small tweaks

Update issued May 21, 2023, covering May 21-24, 2023

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The weather models are continuing to do a good job with the short- to medium-range forecasts, but there have been a couple of small changes that have been slowly working into the forecast. Weak troughing off the West Coast is still forecasted to kick off the development of a leeside low in Alberta. This low […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Barley market steady for now

Feedlots still importing U.S. corn

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MarketsFarm — Feed barley bids in Western Canada continue to hold steady, while attention in the market turns to the new crop going into the ground. “There currently is an uptick in demand for quick movement presenting good opportunities for producers ready to sell,” Alberta grain brokerage Agfinity said in a note to clients. “However, […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids soften

Chicago, Minneapolis wheats down on week

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MarketsFarm — Spring wheat bids in Western Canada softened during the week ended Thursday, as the bearish influence of the extended Black Sea Grain Initiative more than countered any support from poor winter wheat production prospects in the U.S. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3.60-$6.70 […] Read more
Smoke from active wildfires in Alberta’s north and west hangs over Calgary on May 16, 2023. (Photo: Reuters/Leah Hennel)
Livestock, Reuters, Weather

No respite expected for wildfire-hit Alberta

Forecasts call for fire conditions to worsen

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Ottawa | Reuters — Abnormally hot and dry weather is set to return to Alberta on Thursday after a couple of cooler days helped calm wildfires that have forced thousands of evacuations in the province. Record-high temperatures and tinder-dry vegetation have led to an intense, early start to wildfire season in Western Canada this year. […] Read more
Members of the Third Princess Patricia’s Canadian Light Infantry (3PPCLI) take part in wildfire prevention operations near Grande Prairie, Alta. on May 12, 2023. (Photo: MCpl, Cass Moon/Canadian Forces/Handout via Reuters)
General, Livestock, Reuters, Weather

Air quality deteriorates as wildfires rage in Western Canada

Evacuations continue in Alberta, B.C., Saskatchewan

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Reuters — Calgary received a special weather alert on Tuesday, warning residents of poor air quality and reduced visibility as tinder-dry weather and shifting winds elevated the risk of spreading wildfires in Alberta’s north and west. As of Tuesday evening 89 wildfires are active in Alberta, with 25 out of control, according to the provincial […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Lower beef production forecast drives feeder market higher

Feedlots factoring in lower feed grain values

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Compared to the week ending May 6, western Canadian yearling prices were $2-$4 higher while calf values were up $2 to as much as $8 on average. The feeder market was well bid across all weight categories. Demand for grass cattle appeared to be more aggressive this past week. Yearling supplies will decrease over the […] Read more
Prime Minister Justin Trudeau, federal Emergency Preparedness Minister Bill Blair and Edmonton MP and Tourism Minister Randy Boissonnault are briefed by Canadian Forces Lt. Col. Ben Schmidt at CFB Edmonton on May 15, 2023. (Photo: Reuters/Amber Bracken)
Livestock, Reuters, Weather

Little chance for rain on Alberta wildfires

Coming cold front more windy than rainy in nature, Environment Canada says

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Ottawa | Reuters — Prime Minister Justin Trudeau visited Alberta on Monday as raging wildfires prompted mass evacuations and reduced energy production in Canada’s main oil-producing province, where meteorologists expect virtually no rain for 10 days or so. In Edmonton, Trudeau received an update on firefighting efforts by Canadian soldiers sent to help provincial firefighting […] Read more

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