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Tag Archives feed grains

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

Klassen: Calves jump on corn outlook

Softer barley values underpin yearling market

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Compared to last week, western Canadian feeder cattle markets traded $5 to as much as $12 above week-ago levels. Alberta packers were buying fed cattle on a dressed basis in the range of $332-$335 delivered, up $5-$8 from last week. Stronger fed cattle prices and softer barley values underpinned the yearling market. Buyers were finicky […] Read more
(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed grain weekly: Prices slip back on good supplies

Demand for corn from Manitoba, U.S. wanes

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

Klassen: Feeder market stabilizes after recent climb

Calf prices in Manitoba show premium over Alberta

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Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Replacements weighing 650-800 lbs. appeared to traded steady to $4 higher while calves under 650 lbs. were steady to $4 lower. The cost per pound gain is reaching unprecedented levels and fleshier cattle were discounted quite severely in some cases. […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Grain stocks set tone for barley, wheat

Barley expected to go bullish in April, May

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MarketsFarm — Statistics Canada’s (StatCan) grain stocks report issued earlier this week largely met trade expectations, according to Winnipeg-based independent trader Jerry Klassen. The survey-based report, which estimated the country’s grain stocks as of Dec. 31, was neutral for spring wheat, supportive of durum, and pointed toward barley being somewhat bullish come spring, he said. […] Read more
(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Prairie markets hold steady

U.S. corn imports keep lid on domestic grains

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MarketsFarm — Feed grain markets in Western Canada have seen little change over the past few weeks. Feed barley bids across Western Canada have generally held steady over the past month, with the spot market topping out at $9.58 per bushel in Alberta, according to Prairie Ag Hotwire data. Prices in Manitoba and Saskatchewan are […] Read more
(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Barley, wheat prices continue downward

Oats, canola meal also bound for feedlots

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MarketsFarm — As colder temperatures descend onto the Prairies, buying activity for feed barley and wheat was just as frigid. “A lot of guys are fairly caught up with purchasing,” said Mike Fleischhauer of Eagle Commodities Inc. in Lethbridge. “You see the prices of wheat and barley start to trickle down a little bit. Corn’s […] Read more
(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Prices slip during quiet January

Shortages of trucks, drivers still trouble cattle sector

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MarketsFarm — With January being a quiet time there’s isn’t a whole lot of direction for feed grains, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. Prices for feed barley and wheat have been slowing slipping, he said — especially with feedlots not having to buy and farmers not needing to sell — […] Read more
(Photo courtesy Canada Beef Inc.)
Cereals, Corn, Crops, Markets

Feed weekly outlook: Corn imports still weigh on domestic feed market

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MarketsFarm — Ample corn imports from the U.S. continue to keep the western Canadian feed grain market under pressure, with barley bids in Lethbridge trending lower through the early days of 2023. “We started the year with cash barley trading at roughly $450 (per tonne) in Lethbridge, it’s since declined to roughly $435,” said Jim […] Read more
Photo: Canada Beef
Finishers, Livestock, Markets

Klassen: Feeder market to start 2023 on firm tone

Counter-seasonal behaviour expected

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There were no market reports last week due to the holiday season; however, I still received a few calls from cattle producers regarding the feeder market outlook for the first quarter of 2023. The feeder market finished 2022 at 52-week highs. Steers averaging 500 lbs. were readily trading over the psychological $300 level while 900-lb. […] Read more

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