Markets
Hogs The U.S. national live price average for barrows and gilts was US$59.56 per hundredweight April 18, down from $57.08 April 12. U.S. hogs averaged $77.93 on a carcass basis April 18, up from $76.37 April 12. The U.S. pork cutout was $87.85 per cwt. April 18, up from $85.71 April 12. The estimated U.S. […] Read more
Markets
WP livestock report
ICE canola weekly: Acreage report halts new low skid
WINNIPEG – Statistics Canada’s acreage report provided something of a much needed bounce for canola bids. Canola hit a record low on April 23, with the May contract at C$437.80 per tonne and the July contract at C$446.10 per tonne. The primary reason for the huge drop was the price of soybeans on the Chicago […] Read more
Drop in acreage, loonie support canola
WINNIPEG – ICE Futures canola contracts were stronger on Wednesday, as bids stepped away from contract lows. Canola received support from a weaker Canadian dollar and the Principal Field Crop Acreage report released by Statistics Canada earlier today. The Canadian dollar slipped to 74.15 U.S. cents by midafternoon Wednesday. As expected, Statistics Canada has projected […] Read more
Canola drops for third day; wheat stronger
WINNIPEG – ICE Futures canola contracts fell on Tuesday, hitting new contract lows for a third consecutive day amid heavy trading. Canola bids followed U.S. soybeans on a downward slide. Even a weaker loonie wasn’t able to support canola prices on Tuesday. The May and July contracts dropped C$5.30 each, with May closing at C$438.10 […] Read more
Canola futures much weaker
WINNIPEG – ICE Futures canola contracts finished much weaker on Monday hitting new contract lows, as trading resumed following the Easter long-weekend. The May contract lost C$6 to close at C$443.10 per tonne on Monday. The July contract fell C$5.80 to finish at C$451.40 per tonne. A Winnipeg-based trader said the commodity fund roll is […] Read more
Less canola, more wheat expected from Statistics Canada
Winnipeg – Canadian farmers will likely seed less canola and more spring wheat in 2019, but the extent of any acreage shifts remains to be seen as market participants await Statistics Canada’s first seeded area estimates of the year on April 24. Canola prices in Western Canada have dropped over the past few months, as […] Read more
Canola hits new contract lows
Winnipeg – ICE Futures canola contracts fell to fresh contract lows on Thursday, retreating from earlier gains as the ongoing trade tensions with China had speculators on the sell side ahead of the long weekend. Markets will be closed on April 19 for Good Friday. While the path of least resistance was pointed lower for […] Read more
El Nino’s arrival threatens prospects in key pulse markets
El Nino has arrived, and that increases the potential for poor pulse crop production in a couple of key regions of the world, says a meteorologist. The U.S. National Oceanic and Atmospheric Administration (NOAA) declared on April 8 that weak El Nino conditions are present and there is an 80 percent chance they will last […] Read more
African swine fever hikes hog prices
Summer futures prices have surged by more than 20 percent since March as extent of China’s problems become clearer
It’s a white-knuckle time in the Canadian hog industry, as farmers, processors and exporters work hard to keep out African swine fever. However, farmers could end up gripping fistfuls of dollars if the effort is successful and pork prices surge as China and southeast Asian hog herds collapse, increasing demand for imported pork. “We’re already […] Read more
New federal agriculture minister off to a promising start
Canadian hog farmers might have lucked out with the shuffling out of federal Agriculture Minister Lawrence MacAulay and the shuffling in of Marie-Claude Bibeau. With the mother of all market access issues looming over pork exports, farmers need a minister who will act aggressively and with determination to head off the dangers and prepare farmers […] Read more
