Markets
Hogs The U.S. national live price average for barrows and gilts was not available Sept. 22; on Sept. 15 it was $61.93. U.S. hogs averaged $77.59 on a carcass basis Sep 22, up from $77.53 Sep 15. The U.S. pork cutout was $ 97.26 per hundredweight Sept. 22, down from $98.29 Sept. 15. The estimated […] Read more
Markets
WP livestock report
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s 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 market strong The fed market has outperformed expectations this summer and dropped only six percent from […] Read more
Lentil sales to India slow following murder allegation
WINNIPEG/MUMBAI (Reuters) — Canadian lentil sales to India have slowed since prime minister Justin Trudeau said last week he suspected India of involvement in an assassination on Canadian soil, industry sources in both countries say. Trudeau said Canada was “actively pursuing credible allegations” linking Indian government agents to the murder of a Sikh separatist leader […] Read more
Chinese canola purchases surpass USDA expectations
China imported a record amount of canola in 2022-23. The Asian giant purchased about 5.1 million tonnes of the oilseed for the Chinese crop year ending this month, according to the United States Department of Agriculture. That is way more than the USDA was initially forecasting. Back in January, it thought China would buy 2.5 […] Read more
Fertilizer prices could fall
Farm Credit Canada expects fertilizer prices to remain under pressure into early 2024. Prices have been falling since reaching record highs in 2022 as the world faced supply issues following Russia’s invasion of Ukraine. FCC senior economist Leigh Anderson thinks the recent downward trend will continue for the first part of 2024 and then recover […] Read more
Ag sector watches for fallout from India-Canada spat
The chief executive officer of a major Canadian pulse buyer and exporter said Sept. 21 he is closely watching political developments between Canada and India. Murad Al-Katib from AGT Foods told reporters in Regina that waiting and watching is about all the agriculture sector can do right now. He said geopolitical risks are a major […] Read more
Beekeepers face soft market for honey
Honey buyers say they have sufficient supplies so they aren’t buying, but Western Canada hasn’t seen a good crop in years
Earlier this year and for parts of 2022, honey prices in Canada were close to $3 per pound. That’s a massive jump from a few years ago, when honey in Western Canada was selling for $1.30 to $1.40 per lb. Prices are still good, about $2.40 to $2.50 per lb. but no one knows the […] Read more
Sales of plant-based meat-like products continue to shrink
Many people today are looking to cut their consumption of pork, beef, chicken and other animal proteins. And many might believe that proteins from plants are healthier and more environmentally friendly. But if a plant-based protein doesn’t deliver on taste or value, the better for you and better for the planet slogans will not work, […] Read more
Barley crop might be both short and overpriced
Barley growers might want to price their crops soon, regardless of bullishness among some growers because of the drought-reduced crop. The market has already compensated for the short crop and there’s going to be less barley demand for the rest of the year, says a Lethbridge feedgrain broker. “The market’s done its thing,” said Jim […] Read more
August report gives best assessment of canola crop size
Statistics Canada’s August production forecast released Sept. 14 showed mostly only small differences from the July forecast that was issued Aug. 29 and confirmed that dry weather hurt yields leading to a smaller crop than last year. The report showed declines in durum, canola and barley compared to the July report. The spring wheat number […] Read more
