Markets
You’d think it’d be easy to spot an enormous balloon floating over your sensitive bits, threatening your security and welfare. But in identifying a Chinese spy balloon, apparently as big as three school buses wafting high above North America and heading toward the nuclear missile fields of Montana, these things can be hard to spot […] Read more
Markets
New grain stocks report reveals no big surprises
Statistics Canada puts total canola stocks at slightly less than 11.36 million tonnes, which is up from 8.79 million last year
The most recent Canadian grain stock estimates are in line with market expectations. On Feb. 7, Statistics Canada issued its report on stocks as of Dec. 31, 2022, which highlighted notable increases in most grains and further signalled a recovery from the 2021 drought. “Stocks reports are important because they confirm the production numbers for […] Read moreCanfax 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 prices rise Alberta fed steers moved still higher last week, up $2.49 per hundredweight to $194.10, […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts Feb. 3 was $53.57. A Feb. 10 price was unavailable. U.S. hogs averaged $77.05 on a carcass basis Feb. 10, up from $72.65 Feb. 3. The U.S. pork cutout was $81.05 per hundredweight Feb. 10, up from $79.09 Feb. 3. The estimated U.S. weekly […] Read more
Durum has potential to make gains
Analyst thinks prices have peaked this year, but there are plenty of reasons not to lock in too much of the upcoming crop
Canadian durum prices have likely already peaked for the 2022-23 marketing year but there are plenty of factors that could drive durum markets higher in 2023-24, says a market analyst. Locking in a portion of the 2023 harvest might not be a bad option for some Canadian producers, added Marlene Boersch, owner of Mercantile Consulting […] Read more
China’s higher feed corn use could hit barley price
A large domestic crop and falling prices for imported product encourage producers to feed more corn to their livestock
China is using more corn in feed rations, which could result in lower feed barley prices in Western Canada, says an analyst. “Feed mills have resumed mixing more corn in feed rations as higher prices for wheat and sorghum reduce demand for corn alternatives,” the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) said in […] Read more
It’s time to drop emissions caps and re-embrace intensity
The federal government got smart on the firearms law. It’s time it got smart on the fertilizer emissions target as well as its oil emissions reduction targets. It’s time to back away from caps that ignore the role of Canada as a global leader in responsible commodity production. Canada needs to champion low-emissions commodity production […] Read more
Palm’s influence on veg oil market neutral to supportive
Palm oil production is expected to rise only a little this year and global use is rising, leading to expectations that year-end stocks will shrink. That is usually a recipe for solid price support, but the market is also influenced by policy decisions and energy markets so pricing predictions are hard to make. Palm oil, […] Read more
U.S. beef cow herd falls to lowest level since ’62
The sharp decline is blamed on last year’s drought, which forced producers to sell cattle in response to feed shortages
CHICAGO, Ill. (Reuters) — The beef cow herd in the United States dropped to its lowest level since 1962, U.S. Department of Agriculture data show, after a severe drought raised costs for livestock feed. American ranchers increasingly sent cows to slaughter last year, instead of keeping them to reproduce, as dry weather reduced the amount […] Read more
Agriculture carbon markets likely to look inward
Food companies are replacing carbon offsets with insets, in which they make investments in their own supply chains
Canada’s farmers should be prepared for a shift in how the carbon market operates. Denis Tremorin, Pulse Canada director of sustainability, said food companies are moving to insets from offsets as they look at reaching their net zero promises. He told a Saskatchewan Pulse Growers seminar that companies initially purchased offsets to deal with emissions […] Read more
