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Increasing Canadian barley production is likely to keep the market under pressure for the 2019-20 crop year.
Market talk, Markets

Fall feed barley update

Market Talk with Jerry Klassen

By
It’s that time of year when I receive many inquiries about the feed barley outlook. During late June and early July, feed barley in the Lethbridge area was trading in the range of $285/mt to as high as $300/mt. At the time of writing this article in early September, feed barley was trading from $210/mt […] Read more
The U.S. bond yield premium over Canadian bond yields is eroding.
Market talk, Markets

Canadian dollar enters fresh fundamentals: Klassen

Market Talk with Jerry Klassen

By
Canadian fed and feeder cattle prices have been enhanced by the weaker exchange rate since oil prices crumbled back in the spring of 2014. At that time, the Canadian dollar was highly correlated with crude oil values. The Canadian election in 2015 contributed to the softer currency as the Liberal fiscal policies were negative for […] Read more
A variety of factors produced record profits for all processors of fed cattle last year.
Markets, News, Prime cuts

Beef packers enjoy purple profit patch

Prime Cuts with Steve Kay

By
North American beef processors are enjoying an extended period of profits that is unprecedented in the industry’s history. Packers on both sides of the border are seeing margins that would have been unthinkable five years ago. U.S. packers racked up record profits in 2017, surpassed them in 2018 and are on track for more records […] Read more
News, News Roundup

Merck acquiring owners of Allflex ear tags

Traceability: News Roundup from the February 2019 issue of Canadian Cattlemen

By
Merck is set to acquire the Antelliq Group for $2.37 billion, Drovers Daily reports. Merck will also assume the company’s remaining debt. Antelliq will operate as a subsidiary of Merck Animal Health Division. Antelliq Group, formerly known as the Allflex Group, owns Allflex ear tags and SCR dairy monitoring technology. In a 12-month period ending […] Read more
Market talk, Markets

Feeder cattle market digesting many variables

Market Talk with Jerry Klassen

By
The feeder cattle market was quite volatile throughout the final quarter of 2018. The weaker Canadian dollar enhanced demand from south of the border. At the same time, domestic feedlot operators were contending with rising feed grain prices and uncertain fed cattle prices for the first and second quarters of 2019. April live cattle futures […] Read more
Feedlot margins are set up to move into the negative for the second quarter of 2019.
Finishers, Market talk, Markets

Feeder cattle outlook lower in 2019

Market Talk with Jerry Klassen

By
I’ve received many calls from cattle producers over the past couple of weeks with regard to the feeder cattle outlook for the spring period. Feeder cattle prices made seasonal highs during the first week of October and then started to trend lower. This weakness caught many cow-calf producers off guard as they failed to realize […] Read more
Undeterred by tariffs, U.S. beef exports were up nine per cent from a year ago seen January through August.
Beef Cattle, News, Prime cuts

Tariffs remain irritant

Prime Cuts with Steve Kay

By
One word — relief — summed up the completion of a new trade pact to replace the North American Free Trade Agreement. Agricultural leaders in Canada, the U.S. and Mexico all breathed deep sighs of relief after the three countries signed the new U.S.-Mexico-Canada Agreement. That’s because the new pact leaves intact all the elements […] Read more
CCA reports, News

CCA Report: Legislative update

From the November 2018 issue of Canadian Cattlemen

By
Canada’s participation in the USMCA agreement and continued progression of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) towards ratification have helped to alleviate a sense of unease for many producers at a crucial time in the beef cycle. The 2018 fall run got underway with assurances of uninterrupted access for Canadian beef and […] Read more
Beef Cattle, News, Prime cuts

U.S. cattle hides take a tariff hit

Prime Cuts with Steve Kay

By
The U.S. beef industry, like other sectors of U.S. agriculture, faces considerable losses because of the tariff wars between the U.S., Canada, Mexico and the European Union. The losses are not as severe as those seen in hog, corn and soybean production. But the tariffs imposed on U.S. beef products exported to China and Canada […] Read more
Canadian barley exports for 2018-19 are expected to exceed year-ago levels due to stronger demand from China.
Feed markets, Market talk, Markets

Feed grain update

Market Talk with Jerry Klassen

By
Western Canadian barley prices have been percolating higher throughout the harvest period. At the time of writing this article, Lethbridge-area feedlots were making barley purchases in the range of $245/mt to $260/mt delivered while central Alberta operations were showing bids from $235/mt to $245/mt. It’s important to realize that prices are about $60/mt above year-ago […] Read more

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending October 18, 2019.

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