-
1 week ago | 
producer.com | Jerry Klassen
For the week ending May 2, western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier. The heifer discount to steers continues to narrow. Steady buying interest from Ontario set the price structure in the eastern Prairie regions, while cattle west of Yorkton, Sask., flowed to major lots in Alberta.
-
1 week ago | 
farmtario.com | Jerry Klassen
The corn and soybean futures markets are incorporating a risk premium due to the uncertainty in production. Seasonally, the row-crops experience a rally during the planting period until acreage and weather is more certain. Quick look:Soybeans: Demand for Brazilian soybeans from China remains stellar. Corn: We anticipate higher prices in the latter half of the crop year. Wheat: United States soft winter wheat harvest begins soon, so Ontario farmers should sell the rest of their 2024 crop.
-
1 week ago | 
agcanada.com | Jerry Klassen
Introducing the NEW! AgCanada app. Stay in the know about the latest in agriculture. Thousands of topics, all carefully curated to match your interests! The app is now available for download on iOS and Android.
-
1 week ago | 
grainews.ca | Jerry Klassen
Prior to April 2, U.S. and Canadian cattle producers were bracing for U.S. tariffs to be placed on beef and cattle. However, goods imported under the existing continental trade deal, known as CUSMA, will not face tariffs, while those outside the deal will see a 10 per cent tariff. In the table here we have a list of countries that exported beef to the U.S. and volume for the 2024 calendar year. The top exporters to the U.S., excluding Canada and Mexico, shipped 1.345 million tonnes of beef in 2024.
-
2 weeks ago | 
producer.com | Jerry Klassen
For the week ending April 25, western Canadian feeder cattle markets traded $4 to $8 above prices from seven days earlier. Early in the week, prices were relatively unchanged from the previous week. On April 23, Alberta packers started buying fed cattle on a dressed basis at $486 per hundredweight delivered, up $11 per cwt. from the previous week. This spurred on stronger demand for all weight categories.
-
2 weeks ago | 
agcanada.com | Jerry Klassen
For the week ending April 26, Western Canadian feeder cattle markets traded $3 to $5 higher compared to seven days earlier. The week started off relatively unchanged. On Wednesday, Alberta packers were buying fed cattle on a dressed basis at $486/cwt delivered, up $11/cwt from the previous week. Using a 60 per cent grading, this equates to $292/cwt on a live basis. Breakeven pen closeout values are in the range of $256-$265/cwt.
-
3 weeks ago | 
grainews.ca | Jerry Klassen
U.S. President Donald Trump had implemented 25 per cent tariffs on Canadian goods on March 4, only to lift the tariffs on March 6. At the time of writing this article, the blanket tariffs of 25 per cent on Canadian goods (except steel at 50 per cent and energy at 10 per cent) were paused until April 2. All economists, whatever their political stripe, agree on one principle: disposable income increases when the individual household spends less of its income on food and energy.
-
3 weeks ago | 
farmtario.com | Jerry Klassen
The financial and commodity markets have been digesting consequences of U.S. tariffs and retaliation responses from various countries. Equity markets have sold off significantly and have further downside potential. Quick look:Soybeans: The export basis for Ontario soybeans is expected to increase due to higher demand from China. Corn: Corn futures will be extremely sensitive to weather and crop developments. Wheat: China has been strategic by not imposing tariffs on wheat importing countries.
-
3 weeks ago | 
producer.com | Jerry Klassen
For the week ending April 17, western Canadian feeder cattle markets traded steady to as much as $10 higher compared to seven days earlier. The market has fully recovered from U.S. tariff uncertainty. Strength in the fed cattle market and healthy feeding margins continue to drive replacement prices upward. Alberta packers were buying fed cattle in the range of $470-$475 per hundredweight. Using a 60 per cent grading, this equates to a live price of $282-$282 per cwt.
-
3 weeks ago | 
agcanada.com | Jerry Klassen
For the week ending April 19, Western Canadian feeder cattle markets traded $2 to $3 above week-ago levels. Many auction barns did not have sales due to Good Friday but sale volumes were also smaller at active locations. Alberta packers have insinuated that limited fed cattle supplies in the fall will significantly curtail the slaughter pace. Therefore, finishing feedlots were anxious to secure ownership across all weight categories.
