Markets
Hogs The U.S. national live price average for barrows and gilts was $49 Jan. 13. U.S. hogs averaged $71.80 on a carcass basis Jan. 13, down from $74.47 Jan. 9. The U.S. pork cutout was $81.64 per hundredweight Jan. 13, down from $84 Jan. 9. The estimated U.S. weekly slaughter to Jan. 13 was 2.688 […] 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 disappoints Fed prices have averaged slightly more than $186 per hundredweight over the past two […] Read more
VIDEO: Producers advised to hang onto their canola
Chuck Penner is advising Canada’s canola growers to wait out the market. “It’s not a situation of panicking to get things sold now,” said the LeftField Commodity Research analyst. The seasonal tendency is for canola to reach its highs in the April-through-June period, and he doesn’t see any reason why that will be different this […] Read more
Argentine soybean harvest estimate cut to 41 mln tonnes
BUENOS AIRES (Reuters) - Argentina’s soybean harvest for the 2022/23 cycle is estimated at 41 million tonnes, the Buenos Aires grains exchange said on Thursday, down from the 48 million tonnes previously estimated, after agricultural areas were hit by drought. Argentina is the world’s leading exporter of processed soybean oil and meal, but the productivity of its […] Read more
Growers warned of wheat price dip
An analyst says the market might not be as high as it is now if producers wait until the spring to price out new crop
Brennan Turner has a bearish short-term outlook for wheat. “It is more likely that wheat prices are going to come down than rally significantly into the spring and summer,” said the founder of the Combyne Ag crop marketing hub. He noted that fall new crop hard red spring wheat futures at the close of 2022 […] Read more
India extends lentil tariff exemption
Canada’s red lentil prices need to fall to be competitive with Australian product, says a Canadian exporter. Australian red lentils are selling for about US$650 per tonne C&F, which is about $50 to $60 per tonne cheaper than Canadian lentils. Rav Kapoor, chief executive officer of ETG Commodities, believes Canadian grower prices need to fall […] Read more
Durum market adjusts from last year’s Canadian drought
Countries in North Africa, major customers for durum wheat, are experiencing a dry start to their growing season. Morocco, Algeria and Tunisia together are usually in the top ranks of buyers of Canadian durum wheat, used to make the staple dish of couscous. Farmers in Morocco, Algeria and Tunisia this month are wrapping up seeding […] Read more
Cloudy statistics are clearly worthwhile for ag industry
Job growth has surged in recent reports in Canada and the United States. In Canada, an increase of 5,000 jobs was expected, but a whopping 104,000 were recorded. In the U.S., jobs also jumped by more 200,000, also beating expectations. But U.S. wage growth slowed. And through the week various stats seemed to suggest that […] Read more
Argentine drought, winter wheat seen as risks
A Canadian analyst thinks the market is ‘shrugging off’ threats to crops in South America, the United States and Ukraine
Two grain market factors are weighing on Bruce Burnett’s mind as the calendar flips to 2023. The first is Argentina’s drought. “It has certainly impacted the wheat crop dramatically, but now it’s wandering into the corn and soybean growing season,” he said. The country received a much-needed shot of rain at the end of December, […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available Jan 6. U.S. hogs averaged $74.47 on a carcass basis Jan. 9, down from $74.98 Dec. 29. The U.S. pork cutout was $84 per hundredweight Jan 9, down from $87.90 Dec. 30. The estimated U.S. weekly slaughter to Jan. 9 was […] Read more
