Markets
I wonder if all the new renewable diesel projects announced across North America will be a solution to the shortage of oil-refining capacity or will they become the bad guys? Fuel prices are posting record highs and a large reason for the run up is the rally in crude oil but even then, fuels are […] Read more
Markets
Crop prices are about to show us their independence
Everywhere you look you see the R-word: Recession. At least, that’s what you see everywhere in the financial press this week, after the mob of mainstream analysts who had been calling for continued growth and no recessions for a few years dramatically reversed themselves after recent inflation figures and the United States Federal Reserve’s three-quarter […] Read more
Cow cash costs vary by up to $530, $1,000 on all costs
Cost of production for beef cattle is challenging to measure on a farm-by-farm basis, but it is being benchmarked
ASSINIBOIA, Sask. — Financially successful cow-calf producers know their cost of production, but determining that number for an individual farm can be a challenge. Kathy Larson, research associate at the University of Saskatchewan, said the Canadian Cow-Calf Cost of Production Network launched in 2020 to establish baseline benchmarks across the country and help producers figure […] 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. Rain reduces cow pressure Alberta and Ontario cow prices have moved in opposite directions lately. Alberta cow […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was n/a June 16, was n/a June 10. U.S. hogs averaged $115.72 on a carcass basis June 16, up from $115.30 June 10. The U.S. pork cutout was $114.61 per hundred weight June 16 up from $109.16 June 10. The estimated U.S. weekly slaughter […] Read more
Workers off the job at CN
The chief operating officer of Canadian National Railway has written an open letter to the company’s 750 striking workers stating it remains open to resolving outstanding issues either through agreement or binding operations. The June 20 letter from COO and executive vice-president Rob Reilly comes after employees of the International Brotherhood of Electrical Workers (IBEW) […] Read more
WTO moves forward after hiatus
Significant progress has been made at the World Trade Organization on one of the biggest trade irritants facing Canadian agriculture, says an industry official. A declaration on sanitary and phytosanitary (SPS) measures was made at the WTO’s 12th Ministerial Conference (MC12), the first such gathering since 2017. The WTO gave marching orders to its SPS […] Read more
Hot mustard market creates passage
The Black Sea region will continue to be a force in the mustard market in 2022-23, says a processor of the crop. Scott Cunningham, chief operating officer of Schlüter & Maack Canada, said his company is estimating that Russian growers increased acres by 30 percent this year in response to sky-high prices. There could be […] Read more
Drought slashes EU durum production
The durum crop in the European Union is in trouble, says an analyst from that region of the world. The European Commission is forecasting 7.6 million tonnes of production, down two percent from last year and five percent below the five-year average. But industry groups think it could be a lot worse than that. Coldiretti, […] Read more
Global wheat supplies unpredictable
Analysts provide several scenarios of wheat trade, but the Russia and Ukraine wildcards will have to be played
Wheat analysts might want to keep their erasers handy because there could be huge changes coming to the global balance sheet. Diplomatic efforts to unblock Ukraine’s ports and open a humanitarian corridor for grain exports could have a tremendous impact on global trade of the commodity. “This is very significant for wheat supply and demand,” […] Read more
