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 rally continues Fed prices have rallied for four straight weeks and were trading at the highest […] Read more
Markets — page 5
Canfax report
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$47.65 per hundredweight Oct. 12, down from $49.07 Oct. 5. U.S. hogs averaged $61.45 on a carcass basis Oct. 12, down from $63.63 Oct. 5. The U.S. pork cutout was $80.04 per cwt. Oct. 12, up from $79.56 Oct. 5. The estimated U.S. […] Read more
ICE canola trends lower as farmers sell and harvest
The ICE canola market will bounce around in trade for the foreseeable future with the overall trend being downward, according to an analyst. “We’re just going to continue to migrate lower. They are going to be up days because nothing goes down forever,” said Wayne Palmer, senior market analyst with Exceed Grain. Over the last […] Read more
U.S. beans will be on the rise for 2019: analyst
Brian Clancey of marketing agency Stat Publishing predicts the acreage shift that played out between chickpeas and dry edible beans this year will shift again next year. He said several factors lead him to that conclusion. Canadian growers ship large numbers of beans and chickpeas to the U.S., and the production and seeded acreage numbers […] Read more
Exports keep up the pace
Canada’s crop exports are clipping along at a similar pace as last year. A total of 5.13 million tonnes of grains, oilseeds and pulses had been unloaded at ports through week eight of the 2018-19 crop year, which is almost identical to last year’s totals, according to Canada’s grain monitor. Wade Sobkowich, executive director of […] Read more
Marketers forced to sell two crops this year
Crops that were harvested early are grading No. 1 and 2, but what comes after that could be a different story
It’s the best of crops. It might be the worst of crops. It’s a tale of two harvests, and Canada’s crop marketers are getting their heads around what farmers have produced this year. “What came off first is very, very good,” said Cam Dahl, president of Cereals Canada, which oversees the New Crop Missions that […] Read more
USMCA no solution to America’s surplus milk problem
Like much of the U.S. President Donald Trump administration’s efforts, the push to renegotiate the North American Free Trade Agreement was an exercise with much sound and fury but that failed to address the real challenges. In agriculture, the United States forced Canada to make concessions in dairy, but I believe the positive impact on […] Read more
Canada’s supply managed sectors must now avoid stagnation
Ed White’s series on lessons learned from the financial crisis of 10 years ago will resume next week. Now is the time to face up to the bad math that threatens to throttle the future of the Canadian dairy industry. In the aftermath of the United States-Mexico-Canada Agreement, there is a lot of talk of […] Read more
Indian gov’t. focuses on boosting winter crop
Government policy and a good soil moisture profile are boosting prospects for India’s upcoming rabi crop of pulses, and that doesn’t bode well for Canadian pea and lentil exports. India’s general elections will take place in April or May of 2019, and the existing government has been doing everything it can to raise domestic pulse […] Read more
WP livestock report
Bison The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices from C$5.80-$6. per pound hot hanging weight. U.S. buyers are offering US$4.60 or more with returns dependent on exchange rates, quality and export costs. Grade A heifers sold up to C$5.60-$5.80. U.S. buyers are offering US$4.40. Animals outside […] Read more
