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. Fed prices strong The fed market digested negative news last week: a U.S. packing plant fire in […] Read more
Markets
Canfax report
WP livestock report
Hogs The U.S. national live price average for barrows and gilts Mar. 28 was $60.14; it was not available on Mar. 22. U.S. hogs averaged was $81.47 on a carcass basis Mar. 28, up from $79.30 on Mar. 22. The U.S. pork cutout was $94.52 per Hundredweight Mar. 28, up from $93.38 on Mar. 22. […] Read more
Russia doubles down on BRICS grain exchange proposal
The country says its proposal to lower volatility has support from other countries and businesses and is gaining traction
MOSCOW, Russia (Reuters) — A Russian idea backed by President Vladimir Putin for a BRICS grain exchange that would allow buyers to purchase directly from producers is gaining traction ahead of a summit of the group in October, the head of the Russian Union of Grain Exporters said. China and India are the world’s biggest wheat producers […] Read more
Farmers know all about the inertia frustrating Canadians
Farmers have long been stewing in the frustration that’s beginning to boil across the rest of society. No matter where Canadians turn, they’re feeling frustrated by the barriers that they have to vault and the walls they need to breach to attain the most basic things. Housing: there’s a chronic shortage across the country, leaving […] Read more
Crude oil could hit the $80s, but little risk of price spikes
As crude oil climbs back above $80 per barrel, we see very different global demand outlooks that will affect fuel prices during the growing season. The Organization of Petroleum Exporting Countries and its associates, known as OPEC+, see strong demand growth that would push prices higher, but other forecasters are more reserved. The West Texas […] Read more
Brazil extends crop export dominance over U.S.
The South American agricultural giant solidifies its position so far this year as China’s top supplier of corn and soybeans
BEIJING, China (Reuters) — Brazil has extended its dominance over the United States as the largest corn supplier to China, Chinese customs data shows. The information, which was for the first two months of the year, also increased the South American country’s soybean exports. The surge in Brazilian supplies to China, the world’s largest agricultural […] Read more
Historian calls Canada mediocre and stagnant
Policy analyst gives a bleak assessment of the country’s world status but holds out hope for change
Canada is a morass of mediocrity and misspent opportunities, historian and policy analyst Ken Coates told the Canadian Crops Convention. In general: “We’re looking at the edge and we’re not doing very well.” On the economy: “We’re going the wrong way.” Compared to similar nations: “There are countries that are passing us by.” On retaining […] Read moreCanfax report
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. Fed prices steady Alberta fed cattle had light trade last week with dressed sales reported at $390 […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts March 22 was not available; it was $58.27 March 15. U.S. hogs averaged $79.30 on a carcass basis March 22, down from $79.94 March 15. The U.S. pork cutout was $93.38 per hundredweight March 15, down from $93.47 March 15. The estimated U.S. weekly […] Read more
‘Corrective bounce potential’ seen for canola
SASKATOON — Mike Jubinville is sensing that grains and oilseeds markets are slowly transitioning. “I’m willing to go as far as to say I’m no longer bearish on these agricultural markets,” the MarketsFarm analyst said during the company’s The Long and Short on Markets: Spring 2024 Edition webinar. Related stories: “But I think it’s premature […] Read more
