Markets
SWIFT CURRENT, Sask. — Durum wheat produced in Western Canada continues to have a solid reputation among semolina millers, pasta makers and consumers in Europe. But maintaining that reputation will take additional care and vigilance as Europe moves toward tighter food safety regulations related to vomitoxin levels and pesticide residues, said an industry leader from […] Read more
Markets
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. Beef prices price Alberta fed steers rose $1.89 per hundredweight last week to $191.61, continuing the trend […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts Feb. 3 was $53.57. U.S. hogs averaged $72.65 on a carcass basis Feb. 3, up from $70.63 Jan. 30. The U.S. pork cutout was $79.09 per hundredweight Feb. 3, down from $79.25 Jan. 27. The estimated U.S. weekly slaughter to Feb. 3 was 2.422 […] Read more
China’s higher feed corn use could hit barley prices
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
Feeder cattle at all-time high for Jan.
Packer margins are tightening as fewer cattle available for processing; overall North American herd shrinking
Canada’s cattle market is looking bullish in 2023 as feeders are at their highest price ever for January and as margins start tightening up for packers while inventories continue to fall across North America. “We’re starting off new year 2023, in terms of western Canadian feeder cattle and lighter feeder cattle prices very strong,” said […] Read more
Canadian grain marketing expands its options with apps
A couple of Fortune 500 companies are expanding their Canadian crop marketing services. StoneX Financial (Canada) Inc., a subsidiary of StoneX Group Inc., has launched its Farm Advantage mobile app, which provides growers with market data and intelligence. Meanwhile, Bayer CropScience has bought Combyne Ag, another Canadian crop marketing management app formerly known as FarmLead. […] Read more
Ag lender predicts profitable year
Canada’s leading farm lender is forecasting another good year for farmers in 2023. Farm cash receipts are expected to increase by 4.6 percent to $98.8 billion, according to Farm Credit Canada. The rate of growth will be down from last year’s 14.1 percent, but is still a healthy increase. Saskatchewan will lead the way with […] Read more
Weather, war and easing inflation dominate market issues
Argentina’s crops got much-needed rain last week, giving weight to the perception that the La Nina system, that has tended to deliver dry weather to the region, is weakening. Rain was also welcome in North Africa, which has experienced much drier than normal conditions this winter. But weather relief in the two areas in the […] Read more
Don’t mess with crop insurance, it does what it should
Thousands of Manitobans lost tens of millions of dollars when the Crocus Fund imploded. Thousands of Canadians lost a lot more when various other labour-sponsored venture capital funds failed. They were a nifty investing device, popular in the 1990s and 2000s, invented by governments to convince us to achieve multiple goals with the same buck. […] Read more
Red meat trade deficit with Europe: $343 million
EU imports $2.7 billion in beef, only $20 million from Canada, Germany exported $77 million in pork to Canada
The population of Bahrain, a tiny emirate next to Qatar, is about 1.5 million. The population of Germany, a large country that is part of the Canada-Europe free trade deal, is around 83.2 million. Logically, Germany should be larger market for Canadian beef but that wasn’t the case in 2022. Statistics Canada data shows: From […] Read more
