Markets
For the week ending August 2, Western Canadian feeder cattle markets traded steady to as much as $10 higher. Quality yearling packages off grass were up as much as $15 in some cases. Prices for similar weight cattle were quite variable across the Prairies, which made the market hard to define. The market appears to be in price discovery mode for the grass yearling market.
Markets
U.S. livestock: Tight cattle supply helps CME futures rebound from collapse
Chicago Mercantile Exchange live cattle and feeder cattle futures rebounded on Friday from a steep drop during the previous session.
U.S. grains: Soy futures post weekly loss on expectations for big U.S. crop
Chicago Board of Trade soybean futures finished flat on Friday but notched a second consecutive weekly decline as ample global supplies, favorable U.S. weather and weak Chinese demand hung over the market.
Flax straw plant planned for southeastern Sask.
Prairie Clean Enterprises plans to be running its flax straw processing plant in Weyburn by October.
Montana lentils may not be as bad as first feared
There was an expectation yields would be poor, but early harvest results show they are better than anticipated
Montana’s lentil crop ratings are dismal, but a processor says the crop is much better than it appears on paper.
U.S. livestock: Cattle futures retreat from record highs
Chicago Mercantile Exchange live cattle and feeder cattle futures plunged on Thursday in a setback from record highs.
U.S. grains: Soy futures set April low on good US crop weather, slow China demand
Chicago Board of Trade soybean futures fell on Thursday to their lowest level since April on beneficial U.S. crop weather and poor demand from China, analysts said.
Rain aids some Saskatchewan crops
Soil moisture largely adequate
There was some relief for crops in Saskatchewan following sporadic showers. The provincial agriculture department said farmers are hoping for more rain to aid head and pod filling, but the weekly crop report for the week ended July 28 noted that more moisture wouldn’t help the yields for more advanced crops.
Prairie Wheat Weekly: Cash prices shift either side of unchanged
Declines in U.S. wheat prices, loonie fuel mixed values
Cash prices for spring wheat and durum across the Canadian Prairies saw slight movement either way during the week ended July 31.
Feed Grain Weekly: Rain weakens Alberta prices, rest of Prairies remains firm
Farmers should shop around
Feed grain prices in Alberta moved lower following recent rains, said Susanne Leclerc, owner of Market Master Ltd. in Edmonton. However, she suggested prices could increase prior to the coming harvest.
