Markets
SASKATOON — Bruce Burnett doesn’t see anything in the 2024-25 wheat market that screams rally. The International Grains Council is forecasting 392 million tonnes of production by the major exporters, an eight million tonne increase over 2023-24 levels. Related stories: The United States and Australia will be responsible for most of the increase, said the […] Read more
Markets
Mexico in the market for more beans this year
SASKATOON — Mexico is buying far more dry beans than usual, according to an agricultural consultant from that country. The country usually imports about 135,000 tonnes of the crop annually. Related stories: “This year, during October, November and December, we already imported 150,000 tonnes,” Vicente Mendoza recently stated in a Global Pulse Confederation article. That […] Read more
WTO may be close to fixing dispute settlement system
U.S. says negotiations have produced more results in the last year than previous reform efforts achieved in decades
SASKATOON — The World Trade Organization is making big strides on dispute settlement reform. U.S. Trade Representative Katherine Tai praised the WTO following its Thirteenth Ministerial Conference (MC13) held in February. Related stories: “The United States applauds the significant amount of work done on dispute settlement reform and recognizes that additional efforts are needed to […] Read more
New American pork regulations will likely boost inflation
In the next months, American consumers are going to be getting a textbook case of inflation creation as pork prices respond to recent snags regulated into the industry. Canadian farmers are going to be experiencing a textbook example of how regulatory inefficiencies often cost everybody money and benefit almost nobody, as well as achieving few […] Read more
Weight loss drug craze could impact food manufacturers
There is a weird juxtaposition in society today as a deep concern over food affordability and accessibility coincides with enormous interest in new types of weight loss drugs. You might not have heard of semaglutide, but that is the active ingredient in the brand name drug Ozempic, which is hard to not know about if […] Read more
Prairies expected to be cooler, wetter this year
There’s a good chance western Canadian farmers and ranchers will see rain in April and May to get crops started and grass growing, says a U.S. based weather scientist. It is only a forecast, says Matt Makens with Makens Weather based in Colorado, but the El Nino weather pattern is fizzling out and the La […] Read more
Australian canola a ‘thorn in our side’
The country has become a major competitive threat to Canada's canola sector, helping reduce exports to most markets
SASKATOON — Canada is facing stiff competition from Australia in many canola export markets. “They’re here to stay,” Jarrett Beatty, an exporter with Parrish & Heimbecker, said during the Canola Council of Canada’s Canola Utilization Forum. Related stories: “Unless they have an environmental issue, they’re going to continue to be a bit of a thorn […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts March 15 was $58.27. It was not available March 8. U.S. hogs averaged $79.94 on a carcass basis March 15, up from $76.18 March 8. The U.S. pork cutout was $93.47 per hundredweight March 15, down from $92.11 Mar. 8. The estimated U.S. weekly […] Read more
Canfax 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. U.S. packer interest Dressed sales last week were reported from $380-$390 per hundredweight delivered. In some cases, […] Read more
Demonstrators stop CN train in Winnipeg
UPDATED: March 15, 2024 – 1310 CST – Comment from CN added – Glacier FarmMedia – A union representing striking workers in Halifax said it stopped a Canadian National Railway train in Winnipeg yesterday as part of escalations against that company. “CN cannot escape the spotlight. The shameful behaviour by CN Autoport in Halifax will […] Read more
