Markets
Hogs The U.S. national live price average for barrows and gilts Jan. 30 was $54.54. U.S. hogs averaged $70.63 on a carcass basis Jan. 30, down from $71.80 Jan. 13. The U.S. pork cutout was $79.25 per hundredweight Jan. 13, down from $81.64 Jan. 13. The estimated U.S. weekly slaughter to Jan. 30 was 2.441 […] 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. Beef demand good Beef demand and prices have been solid even given larger production. Year to date […] Read more
How the pandemic changed organic markets
Allison Squires has noticed a change in domestic consumption of organic goods in the post-COVID environment. “It has been really interesting to see the shift for us because normally we sell bulk like many producers in the prairie provinces,” said the owner of Upland Organics, an organic farm located near Wood Mountain, Sask. These days […] Read more
Tight supplies support durum
Global shortages not likely severe enough to send prices soaring, but markets are still favourable
Durum growers in Saskatchewan and Alberta will probably benefit from relatively strong market conditions in the months ahead, says a market analyst. On-farm inventories across the West are still relatively tight and producers in other major durum-producing countries such as the United States and Morocco are also facing drought-related production challenges, said Chuck Penner, market […] Read more
Time now right for renewable diesel
BRANDON — A typical private sector, commercial market it sure ain’t. But the booming market today and in the near future for renewable diesel from canola is very real, despite being a product of government. “It really is about policy and regulations that are driving the market for renewable fuels like renewable diesel,” said Chris […] Read more
Speculators distort wheat markets, suppressing prices
Farmers should consider what the largest commercial players are doing, which is going long on the crop
The stubbornly bearish wheat market is overdue for a correction, says an analyst. Speculators are keeping prices depressed with their short positions, but they should pay attention to what the commercials are doing, which is going long, says DTN lead analyst Todd Hultman. The United States Department of Agriculture reported 1.28 billion bushels of U.S. […] Read more
Producers can cut emissions by boosting profitability
Speakers often spout platitudes about farmers already operating at peak efficiency. There was lots of that kind of talk at Manitoba Ag Days last week. But there were also bizarre bits of contradicting information that popped out during the dozens of presentations, speeches and discussions that thousands of farmers attended over the three-day event. Did […] Read more
Gas price shock moderates, but costs remain high
Natural gas prices have fallen sharply, helping to lower the cost of making nitrogen fertilizer, but the critical input remains expensive relative to pre-pandemic norms. Gas futures on the New York Mercantile Exchange for February delivery traded last week at an 18-month low near US$3.10 per million British thermal units (MMBtu) as warmer than normal […] Read more
Chinese recovery to drive crude oil price hike
The country’s economic reopening following COVID-19 restrictions is expected to increase demand for the commodity
China is largely responsible for the current upticks in global crude oil prices, according to Tom Kloza, global head of energy analysis for Oil Price Information Services in Lakewood, New Jersey. He suggested that China’s economy will begin to pick up steam in 2023 after the government loosened its super-tight COVID-19 restrictions. “You can call […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts Jan. 20 was $55.76. U.S. hogs averaged $70 on a carcass basis Jan. 20, down from $71.80 Jan. 13. The U.S. pork cutout was $79.99 per hundredweight Jan. 20, down from $81.64 Jan. 13. The estimated U.S. weekly slaughter to Jan. 20 was 2.531 […] Read more
