Markets
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 steer prices strong Alberta direct cattle sales established a new annual high last week. Steer prices […] Read more
Markets
Canfax report
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available this week. U.S. hogs averaged $86.34 on a carcass basis Sept. 23, down from $90.86 Sept. 16. The U.S. pork cutout was $100.93 per hundredweight Sept. 23, down from $106.39 Sept. 16. The estimated U.S. weekly slaughter to Sept. 24 was […] Read more
U.S. sees beef, pork export boom
America’s red meat exports are booming, says an industry official. The United States shipped a record US$18.7 billion worth of pork and beef products around the world in 2021 and is on pace to exceed that total this year. Beef exports have topped $1 billion in six of the seven months that data is available […] Read more
Chinese demand for grain imports takes tumble
There is some troubling demand news coming out of China, the world’s largest importer of grains and oilseeds. Reuters reports that the country’s January through August soybean imports are down nine percent compared to a year ago, corn purchases tumbled 21 percent, wheat fell 10 percent and barley plummeted 43 percent. Reuters attributes the declines […] Read more
Wheat, corn and soybeans fall on recession fears
HAMBURG, Sept 26 (Reuters) - Chicago wheat, corn and soybeans fell on Monday as fears of a global economic downturn and expectations of a bumper wheat crop in Russia weighed. Corn and soybeans were weakened also by forecasts of welcome dry weather during the U.S. harvest. “Fears of recession risk with reduced global demand is weakening wheat, […] Read more
Europe’s fertilizer woes fan volatility
Production slashed as Russia closes natural gas taps, but rising prices may reverse if the geopolitical situation changes
Carnage in Europe’s nitrogen fertilizer market is exacerbating the run-up in North American prices but that could change in a heartbeat, says an analyst. “Buckle up for the ride,” said Josh Linville, analyst with StoneX. “I hate to say it, but I think volatility is here to stay for the foreseeable future.” The European Union’s […] Read more
Conditions grim for U.S. winter wheat seeding
La Nina is expected to stick around for a rare third year, likely resulting in another dry fall for southern plains farmers
Conditions are ripe for another poor start for the U.S. hard red winter wheat crop, but there could be a massive Brazilian soybean harvest next year, say analysts. La Nina is hanging around, and that likely means a third consecutive dry fall in the southern U.S. Plains. Weather models from the U.S. Climate Prediction Centre, […] Read more
Margins reach ‘staggering’ levels for canola crushers
Analyst says such margins could be expected if a bumper crop was on the way, but that’s not in the forecast this year
Canola crush margins are leaving one analyst at a loss for words. “They have soared up to levels that are just beyond anybody’s description,” said Ken Ball, commodities futures adviser with PI Financial Corp. “I have run out of adjectives to describe them.” His crush index hit $325 per tonne yesterday, representing a gross margin […] Read more
Plant protein companies adjust to new market challenges
In the culture wars that include battles over what products are displayed in the grocery story meat case, one side is celebrating the troubles at Beyond Meat. Beyond Meat is the high-profile pioneer among those processing plant protein into products that look and taste like burgers, sausages and nuggets. It captured headlines with a series […] Read more
Farm financial system should not be taken for granted
What happens when you’ve got debts to pay, you need income to support your family and every year is a hand-to-mouth experience? You sell your crops right after harvesting so that you know you can cover those debts, support your family and survive for another year. You think you can’t afford to gamble with losses […] Read more
