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. The Canfax fed steer-weighted average was $149.24, up $1.09, and heifers were $148.78, up $1.01. In moderate […] Read more
Markets
Canfax report
WP livestock report
Hogs down The U.S. national live price average for barrows and gilts was US$48.25 per hundredweight Nov. 10, down from $48.93 Nov. 3. U.S. hogs averaged $59.70 on a carcass basis Nov. 10, down from $62.33 Nov. 3. The U.S. pork cutout was $81.92 per cwt. Nov. 10, up from $77.56 Nov. 3. The estimated […] Read more
EU soft wheat area might fall, durum steady
PARIS, Nov. 16 (Reuters) – Difficult sowing conditions in northern Europe prompted consultancy Strategie Grains to cut its monthly estimate for the area sown with soft wheat for the 2018 crop, with farmers also put off by low prices. Strategie Grains on Thursday projected ongoing soft wheat sowings in the European Union would reach 23.5 […] Read more
China’s COFCO seeks more Canadian canola
By Rod Nickel WINNIPEG, Nov. 15 (Reuters) – State-owned Chinese agribusiness COFCO Corp. looks to buy 2.5 million tonnes of Canada’s canola crop next year, a boost of more than one-third over its expected purchases this year as its Canadian office gets established, said the company’s global head of softseeds on Wednesday. COFCO opened its […] Read more
VIDEO: Canada’s agricultural markets update – November 15, 2017
D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts a market video about crops. The video is designed to help viewers understand the forces responsible for changes in the trade. If agricultural markets are important to you, we have you covered.
Short-covering pares recent CME live cattle losses
CHICAGO, Nov 15 (Reuters) – Chicago Mercantile Exchange live cattle futures on Wednesday settled higher after short-covering helped recoup some of the market’s recent cash price related losses, traders said. A few investors adjusted positions before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report on Friday. December live cattle finished 0.700 cent per pound higher […] Read more
China pig herd shrinks further in October
BEIJING (Reuters) – China’s pig herd shrank in October by the most in close to two years, said the agriculture ministry on Wednesday, amid a crackdown on farm pollution that has forced hundreds of thousands of farms to close in the past year. The world’s largest pig herd contracted by 6.6 percent in October from […] Read more
Lower cash prices drop CME hogs to one-month low
CHICAGO, Nov 14 (Reuters) – Chicago Mercantile Exchange lean hogs on Tuesday slid to their lowest level in a month after downward-trending cash prices triggered sell orders, traders said. Fund selling developed after some contracts drifted below technical support areas. December hogs ended 2.325 cents per pound lower at 59.975 cents, and below the 100-day […] Read more
Live cattle mostly lower as beef prices ease
CHICAGO, Nov 13 (Reuters) – U.S. live cattle futures were mostly lower on Monday, pressured by weaker beef prices and expectations that cash cattle at Plains feedlot markets would trade at lower prices this week, traders said. Chicago Mercantile Exchange December live cattle ended steady at 120.575 cents, while actively traded February futures fell for […] Read more
Canola expected to open lower overnight
Soybeans and wheat had bad days Monday, as almost all North American crop futures were in the red. Soybeans, soybean oil and soybean meal all fell. Soybeans weakness suggested the up-trend since mid-August has weakened or ended. “Beans have been looking toppy and they did finally break below key support at $9.80, $9.82 (per bushel) […] Read more
