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 market soft The cash market was lacklustre last week with soft buying interest and unenthusiastic feedlot […] Read more
Markets
Canfax report
WP livestock report
Hogs The U.S. national live price average for barrows and gilts is $47.09 Oct. 29, down from $50.90 Oct. 22. U.S. hogs averaged $61.70 on a carcass basis Oct. 29 down from $65.63 Oct. 22. The U.S. pork cutout was $96.52 per hundred weight Oct. 29, down from $98.27 Oct 22. The estimated U.S. weekly […] Read more
U.S. farm co-op CHS to pay members to enroll in Bayer carbon farming program
Nov 3 (Reuters) – Agricultural seeds and chemicals supplier Bayer AG is expanding its carbon farming program to members of U.S. farm cooperative CHS Inc., boosting incentives for members to participate in the program, the companies said on Wednesday. The agreement will make it easier for CHS’s 75,000 farmer-members to enroll in Bayer’s Carbon Program, […] Read more
Nutrien boosts profit outlook on fertilizer demand, tight supply
Nov 1 (Reuters) – Nutrien Ltd. on Monday raised its full-year adjusted profit outlook, as strong global demand and tight supply helped it beat estimates in the third quarter. Potash fertilizer prices have risen to their highest levels in more than a decade, lifted by strong prices of corn, palm oil and canola, as farmers […] Read more
October rains bring relief to some, drought persists
October rains brought much-needed drought relief to portions of the American Northern Plains and Canadian Prairies. The welcome fall precipitation was particularly plentiful in the Dakotas, western Minnesota and central and southern Manitoba. “This rain event that took place across these areas was huge in at least reducing some of the fear that we wouldn’t […] Read more
Russia cuts forecast for 2021 grain crop
MOSCOW, Oct 28 (Reuters) – Russia will harvest more than 123 million tonnes of grain after drying and cleaning in 2021, the agriculture minister said on Thursday, cutting the official estimate after months of being more positive about the crop than main analysts have been. Russia is the world’s largest wheat exporter, supplying it mainly […] Read more
China to make protein for livestock from carbon monoxide
BEIJING, Nov 1 (Reuters) – Chinese researchers say they have found a way to produce an animal feed protein from carbon monoxide in what is being hailed as a breakthrough that could help reduce the country’s reliance on huge volumes of imported soybeans. China is by far the world’s top buyer of soybeans, bringing in […] Read more
Expensive corn to keep feed barley prices high
Some feedgrain prices are dropping due to mounting supplies, but barley is holding up just fine, says an analyst. “It’s hard to get too negative on barley when you have corn prices as high as they are,” said MarketsFarm analyst Bruce Burnett. The December corn futures contract was trading at US$5.39 per bushel as of […] Read more
Durum to increase in ‘fits and starts’
Demand for Canadian product is estimated to be 4.5 million tonnes but only 2.9 million tonnes of exports are expected
Durum prices are likely headed higher but it won’t be in a straight line, says an analyst. “I view it as fits and starts,” said MarketsFarm analyst Bruce Burnett. Prices will shoot up when some trades take place and then pause or even fall back slightly before the next surge. However, he has little doubt […] Read more
More countries show interest in Asia-Pacific trade pact
China wants in. The United Kingdom wants in. Taiwan wants in. South Korea is hanging around the entrance. A growing queue of hopeful future members is forming for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and Canada will have the ability to help shape the group’s future. That creates an opportunity for Canadian farmers […] Read more
