Markets
Industry leader bases his optimism on steady beef demand, a smaller herd and the probability that feed prices will fall
It was an awful year, but Manitoba cow-calf producers are filled with hope about coming years. That feeling came out of the Manitoba Beef Producers annual meeting. “I’m optimistic,” said MBP president Tyler Fulton. “There’s good reason for optimism, I think.” The drought has been terrible for cow-calf producers on both sides of the Canada-U.S. […] Read more
Markets
Strong Indian lentil crop expected to cut Canadian sales
Positive harvest forecast comes at the same time the government announced it is eliminating its 11 percent import tariff
Canadian lentil exports to India are expected to fall in 2022 despite the elimination of the import tariff, say analysts. Gaurav Jain, director of AgPulse Analytica, estimates that India’s total lentil imports will fall to no more than 500,000 tonnes in 2022, down from 724,540 tonnes last year. Canada accounted for 78 percent of last […] Read more
Tighter North American supplies drive hog price rally
Chicago hog futures climbed rapidly in recent weeks, hitting levels exceeded only during the COVID-19 peak of 2021 and the porcine epidemic diarrhea outbreak of 2014. High prices do not guarantee high profits, and Robert Arnason’s story on page 4 this week about soaring input costs show why it is hard to make a buck […] Read more
New ‘new normal’ awaits as inflation makes itself at home
Winter 2022 isn’t going out pleasantly or quietly. From civil unrest to widespread product shortages to a long, long cold spell that’s made locked-down life even more cabin-feverish than it had to be, this has been a challenging second half of the winter. There are lots of positive signs out there, fortunately. Border blockades, which […] Read more
Inflation’s impact on beef demand uncertain
Beef is part of the inflation equation, but it’s hard to tell if inflation will prompt consumers to switch to alternatives. “How many dollars do consumers have to spend?” said Brian Perillat, market analyst for Canfax, in a presentation to the Manitoba Beef Producers annual meeting Feb. 10. “Beef is the luxury good and the […] Read more
War expected to sharply increase wheat prices
Russia’s invasion of Ukraine could drive up global wheat prices from 30 to 100 percent, according to a Rabobank analysis. War is likely to at least temporarily halt Ukraine’s wheat, barley and corn exports, which could cause a 30 percent hike in wheat prices and a 20 percent increase in corn, according to an analysis […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts wasn’t available Feb. 18. It was $64.73 Feb. 11. U.S. hogs averaged $86.78 on a carcass basis Feb. 18, up from $82.36 Feb. 11. The U.S. pork cutout was $109.91 per hundredweight Feb. 18, down from $109.96 Feb. 11. The estimated U.S. weekly slaughter […] Read more
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 gains The fed cattle market gained almost $2 per hundredweight last week, but top-end sales […] Read more
Ukraine shuts ports as conflict threatens grain supplies
MOSCOW/KYIV, Feb 24 (Reuters) – Ukraine’s military has suspended commercial shipping at its ports after Russian forces invaded the country, an adviser to the Ukrainian president’s chief of staff said, stoking fear of supply disruption from the leading grain and oilseeds exporters. Russia earlier suspended the movement of commercial vessels in the Azov Sea until […] Read more
ADM sets record for single soybean shipment from northern Brazil
SAO PAULO, Feb 22 (Reuters) – U.S. grains merchant Archer-Daniels-Midland Co (ADM.N) said on Tuesday it has carried out the largest soybean shipment in the history of the Ponta da Montanha Grain Terminal (TGPM), located in the northern Brazilian city of Barcarena, as it shipped 84,802 tonnes in a single vessel. It also represented the […] Read more
