CHICAGO, Oct 8 (Reuters) – Chicago Mercantile Exchange live cattle rose for third straight session Thursday, helped by more short-covering following a morning jump in wholesale beef quotes, traders said. Spot October finished 1.825 cents per lb higher at 131.175 cents, and December up 1.525 cents at 137.675. Thursday morning’s wholesale choice beef price, or […] Read more
Daily news
Bump in beef price extends CME live cattle futures gains
Crop futures adjust lower in advance of Friday’s USDA report
It was a down day in crop markets Thursday, with traders perhaps thinking that the recent gains tied to ideas of a bullish USDA report on Friday were a little overdone. Watch Producer.com for coverage of the USDA report on Friday morning. Forecasts of generally good harvest weather over the next several days put downward […] Read more
Manitoba hail and reseed damage claims above average
WINNIPEG — Farmers have seen more weather related hardships this year than normal, which is reflected in an above-average number of hail and reseed damage claims. Summer hail and frost at the end of June and beginning of July took a toll on crops, leading to insurance claims higher than the five-year average. The Manitoba […] Read more
Canola futures dip along with most other crops
Canola futures dipped slightly on weaker soy oil and a stronger loonie on Wednesday, but stayed in the narrow trading range that has been in place for about two weeks. An uptick in producer deliveries weighed on the market but there was some support from delays and quality downgrades in the tail end of the […] Read more
Producers enter running for Sask Wheat positions
The Saskatchewan Wheat Development Commission is holding producer elections to fill three vacant seats on the its board of directors. As of last week, Sask Wheat had not yet confirmed the names that will appear on ballots but sources familiar with the election say a total of seven candidates will be vying for the three […] Read more
Vigorous short-covering drives CME live cattle futures higher
CHICAGO, Oct 7 (Reuters) – Chicago Mercantile Exchange live cattle closed higher on Wednesday, fueled by active short-covering in anticipation of cash and wholesale beef prices bottoming out soon, traders said. Spot October finished 4.225 cents per lb higher at 129.350 cents, and December up 2.925 cents at 136.150. “So many of these holders of […] Read more
Former CWB head dies
Lorne Hehn, a key figure in prairie farm policy for more than 30 years, died recently in Saskatoon. He was 79. Hehn was born and raised on a farm at Markinch, Sask., and studied agriculture at the University of Saskatchewan. He returned to the farm in 1962 and became active in farm policy five years […] Read more
ICE Canada weekly outlook: canola poised to test resistance
Winnipeg — ICE Futures Canada canola futures tried and failed to break higher on numerous occasions over the past two weeks, but could be poised to finally see a bounce, according to a market analyst. A rebound in palm oil is supporting soybean oil, which in turn is supportive for canola, said Errol Anderson, of […] Read more
CBOT corn, soybeans resting on USDA report
Winnipeg — The short-term fate of corn and soybean futures at the Chicago Board of Trade rests on an upcoming supply and demand report, according to one analyst. Long-term, traders are watching global weather patterns, which could put crops at risk. The United States Department of Agriculture is expected to release its monthly World Agricultural […] Read more
College gets donation for heavy equipment training
A Lethbridge-based custom-harvest and farm operation has donated $100,000 to Lethbridge College to augment heavy equipment mechanics training. Taylor Harvesting will have its name on a heavy equipment bay in the college’s new trades and technologies facility in acknowledgement of the donation, which was announced by the college Oct. 7. Taylor Harvesting Ltd. founder Ray […] Read more
