Daily news

LIVESTOCK-Cash price sentiments extend CME live cattle gains

No Comments

CHICAGO, Aug 28 (Reuters) - Chicago Mercantile Exchange live cattle futures closed higher for a second straight session on Friday in anticipation of this week's cash prices, traders said. Spot-August futures, which will expire on Monday, ended 1.875 cents per lb higher at 146.525 cents, and October up 1.425 cents at 143.975 cents. "Feedyards and packers waited for futures to close before making their move," said a trader who predicted market-ready, or cash, sales of $146 to $147 per cwt. Early on Friday, processors in Kansas and Texas raised cash bids to $145 from $144 as sellers held out for at least $147, feedlot sources said. Last week, cash cattle in the U.S. Plains sold at…
[Read more]

Alberta releases latest crop report

No Comments

SOUTH More precipitation accumulated in the western areas and slowed harvest. One-quarter of the crop is in the bin and 17 percent swathed. Yield estimates improved to about 75 percent for spring wheat, durum, barley, oats and field peas, while canola declined slightly. Surface and sub-soil moisture improved with an average rating of about 35 percent good to excellent. Hayland and pastures improved with about 45 percent rated poor. CENTRAL Precipitation fell generally across the region but was heavier in the west. Less than five percent of the crop is harvested and less than 10 percent swathed. Yield estimates improved to about 80…
[Read more]

Canola rises on falling loonie

No Comments

Crops closed mixed Friday, ending a tumultuous week that fortunately did not contain a cascading collapse of all markets. For a few days, fear if not quite panic gripped equity markets as China's financial situation seemed to be coming apart, spurring losses in commodities and volatility in currency crosses. But stock markets bounced back from mid-week and commodity markets settled out. Crop futures were never the main show in the commodity reaction to the stock market turmoil, with oil showing the greatest twitchiness, dropping below $40 per barrel before bouncing back up. Canola benefitted Friday from a falling Canadian dollar, with November futures rising $4.90 per tonne to…
[Read more]

Ag labour shortage unlikely to become election issue

No Comments

The shortage of labour in Canada's agriculture and food processing sector is well documented. Meat packers, beekeepers, hog producers and large grain farms desperately need reliable and skilled employees. Yet it's unlikely to come up during the federal election campaign, said Rod Scarlett, Canadian Honey Council executive director. That's because politicians don't want to touch the temporary foreign workers topic. "I'm not certain that during the election that type of an issue will warrant a lot of discussion… because it's not a vote getter," Scarlett said, from his office in Sherwood Park, Alta. "It's not something that everybody will pay attention to. Or will ring positively…
[Read more]

New PED truck washing requirement worries hog producers

No Comments

Hog industry groups across the West fear Canadian Food Inspection Agency rules on washing trucks inbound from the United States will increase risk that porcine epidemic diarrhea virus will infect Canadian pigs. The CFIA served notice that as of Oct. 1, all pig transport trucks and trailers coming from the U.S. must be washed on the American side of the border. That means it will cancel an emergency protocol in place in Manitoba that allowed trucks to cross the border, be sealed and then taken directly to wash facilities for thorough cleaning. Requiring that trucks and trailers be cleaned on the U.S. side of the border sounds like a good idea, but there aren't enough U.S. truck…
[Read more]

Pooled wheat prices lower in latest CWB projections

No Comments

WINNIPEG — Projected prices for wheat marketed through CWB pools were lowered across the board in the latest Pool Return Outlooks from the company soon to be known as G3 Global Grain Group. Wheat PROs were down by $19 to $22 per tonne from July, with declining US futures and large world supplies said to be behind the weakness. Projected durum prices were revised lower by $15 per tonne as better-than-expected Canadian and North American crops were easing any supply concerns in the market. Canola PROs were down by $39 to $41 per tonne, in line with the futures, while malt barley prices held steady on the month. Only the PROs for peas were revised higher in the latest CWB…
[Read more]

Saskatchewan releases latest crop report, August 28, 2015

No Comments

SOUTHEAST About one-quarter of the crop is in the bin and another quarter is swathed or ready to be straight cut Precipitation ranged from eight to 60 mm. Some crop damage was caused by strong winds, hail, frost and flooding. Soil moisture conditions for cropland, hay land and pastures are about 72 percent adequate. SOUTHWEST One-third of the crop is in the bin and an additional 20 percent is swathed or ready to be straight cut. Rainfall varied from small amounts to 49 mm. Topsoil moisture conditions for cropland is about 85 percent adequate while, hayland and pasture is about 50 percent adequate. EAST-CENTRAL Less than five percent of the crop is harvested and…
[Read more]

EU dairy farmers get rude awakening in post-quota market

No Comments

PARIS, Aug 28 (Reuters) - European dairy farmers caught out by a global market decline as they emerge from a 30-year-old quota system may have little choice but to produce at full pelt, hoping for a recovery in international prices next year. Milk prices paid to EU farmers are down 20 percent from last year at 30 euro cents ($0.34) a litre on average, leaving some farms operating below production costs and upsetting the plans of farmers and dairy processors that expanded capacity before the abolition of EU milk production limits last April. The ending of output limits in the European Union has contributed to world oversupply just as demand has been curbed by an embargo by Russia,…
[Read more]

Standing crop now part of Alta. hay, pasture listings

No Comments

Alberta farmers can now list standing crop on the provincial hay and pasture listings. A new category, called Standing Annual Crop, has been added to the lists so farmers can sell crops for livestock feed. Alberta Agriculture farm business management specialist Ted Nibourg said in a news release that livestock feed is much needed this year in drought-stricken areas of the province, and some farmers have sub-standard crops that could suit the purpose. "The alternative uses can include grazing, greenfeed or silage. This year's dry conditions in parts of the province, along with recent hail storms, have resulted in crops either failing to make it to the bin or having such a wide range…
[Read more]

McDonald’s, Tyson Foods drop farm after videotape shows animal cruelty

No Comments

LOS ANGELES, Aug 27 (Reuters) - McDonald's Corp and Tyson Foods both severed ties on Thursday with a Tennessee farm where workers were seen stabbing, beating and stomping on chickens in an undercover video shot by animal rights activists. The videotape, which was unveiled by Mercy For Animals at a news conference in Los Angeles, depicts gruesome animal cruelty toward the birds at what the group said was T&S Farm in Dukedom, Tennessee, which was under contract to Tyson Foods. Tyson supplies chicken meat to McDonald's, the world's biggest fast-food chain, for its McNuggets. Representatives for T&S Farm could not immediately be reached for comment on Thursday. "Animal…
[Read more]
Load more articles