Markets
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattle Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Tight fed supplies Fed cattle are working through tight supplies. Prices rallied $13 per hundredweight over the […] Read more
Markets
Canfax report
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available April 26. It was $67.09 April 19. U.S. hogs averaged $90.38 on a carcass basis April 26, up from $88.49 April 19. The U.S. pork cutout was $97.63 per hundredweight April 26, down from $100.09 April 19. The estimated U.S. weekly […] Read more
U.S. official defends free trade agreement stance
Senators rake the U.S. Trade Representative over the coals for the Biden administration’s trade policy agenda
SASKATOON — U.S. Trade Representative Katherine Tai was taken to task in her recent appearance before the U.S. Senate’s finance committee to discuss the president’s 2024 trade policy agenda. Tai was grilled about why president Joe Biden’s administration has abandoned the free trade agreements that farmers love. Related stories: “You say we’ve got a different […] Read more
U.S. shuns free trade agreements
SASKATOON — Canadian farm groups used to fret that Canada was falling behind the United States in signing free trade agreements. They can now rest easy because the U.S. is no longer negotiating those types of pacts, much to the chagrin of U.S. farm groups. Related stories: Virginia Houston, director of government affairs with the […] Read more
Pea protein sector wants duty
Manufacturers claim Chinese companies are exporting product into Canada at subsidized prices
SASKATOON — Canadian pea protein manufacturers have filed an anti-dumping and countervailing duty case against Chinese imports. “We believe the evidence shows Chinese companies are competing unfairly by selling product into Canada at dumped and subsidized prices,” Nutri-Pea said in an email. Related stories: The Portage la Prairie, Man., company manufactures food-grade protein isolates, starches […] Read more
Canadian canola exports to Mexico plummet 65 per cent
Canada is expected to remain Mexico's largest supplier of canola, but Australia is making major inroads in that market
SASKATOON — Canada’s canola shipments to Mexico are plummeting. Exports to that destination totaled 279,900 tonnes through the first seven months of the 2023-24 campaign. Related stories: That is down from 801,100 tonnes for the same period a year ago, a 65 percent drop. Canadian canola sales have generally been lacklustre to date, but the […] Read more
Global soybean glut could pressure canola prices
The current estimate calls for a 13 per cent increase from last year, but how that affects canola prices remains to be seen
SASKATOON — The world will be awash in soybeans in 2024-25, and that could be an anchor on canola prices, say analysts. The International Grains Council is forecasting 75.4 million tonnes of global soybean carryout, excluding China. Related stories: That would be 13 per cent more than last year and 31 per cent above the […] Read more
China’s Belt & Road initiative hits speed bump
SASKATOON — China’s Belt & Road Initiative is falling short of expectations, according to a new report. The country embarked on the initiative in 2013, vowing to revitalize the ancient Silk Road and enhance trade with Europe, Asia and Africa. Related stories: At the time, Canadian grain analysts flagged the BRI as a big threat […] Read more
U.S. plans to fix export reporting
CHICAGO, Ill. (Reuters) — The U.S. Department of Agriculture expects to roll out an upgraded system for its weekly export sales reporting program in late 2025. Exporters are required by law to report sales of U.S. agricultural commodities to the USDA’s Foreign Agricultural Service (FAS), which reports weekly export sales each Thursday. The reports are […] Read more
Meat sector must help unlock the value of shunned cuts
The pig’s head is impressive: those wing-like ears that make one question the skeptical saying about “when pigs fly,” that sensitive snout, the flat forehead that protects a prodigious intelligence, those squinty eyes that remind one of Lyle Van Cleef, those muscular cheeks. All this beauty is lost on 90 per cent of Canadians and […] Read more
