Markets
Hogs edge up The weaker loonie helped lift Canadian cash hog prices but the rally in the United States slowed as packer profits narrowed. Traders will watch pork demand closely now that U.S. national pork month has ended. American Thanksgiving is approaching with increased demand for turkey but hams should also be in demand. The […] Read more
Markets
WP livestock report
Cattle futures rise again on cash hopes, hogs widely mixed
CHICAGO, Nov 1 (Reuters) – U.S. live cattle futures bounded to life-of-contract highs for the third straight session on Wednesday, rising on expectations that beef packers will continue paying higher prices in Plains cash markets, traders said. About 1,500 cattle sold at the weekly Fed Cattle Exchange online auction at $120 per cwt, which was […] Read more
VIDEO: Canada’s agricultural markets update – November 1, 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.
Cattle futures surge to contract highs on higher cash prices
CHICAGO, Oct 30 (Reuters) – U.S. live cattle and feeder cattle futures contracts surged to lifetime peaks on Monday, boosted by unexpectedly high-priced sales in cash cattle markets that occurred after the futures close on Friday, traders said. Cattle futures on the Chicago Mercantile Exchange surpassed Friday’s highs when trade resumed on Monday and some […] Read more
Canola gains 1.7 percent on week supported by weak loonie, rising soy oil
Canola futures finished the week on an up note, supported by the weak loonie, rising soy oil and crude. November canola closed at $510.20 per tonne, up $2.40 and January closed at $519.20, up $2.90. For the week, November rose $8 and January climbed $8.70. The most traded January contract rose 1.7 percent over the […] Read more
China cuts state wheat price in bid to reduce production
BEIJING, Oct 27 (Reuters) – China, the world’s top wheat producer, has cut its minimum purchase price for the grain for 2018 to help whittle its mammoth stockpiles and adjust to the market, the first such move since the policy was launched over a decade ago. Winter wheat is already seeded, so the impact of […] Read more
CME live cattle hits three-month high on cash price outlook
CHICAGO, Oct 26 (Reuters) – Chicago Mercantile Exchange live cattle futures reached their highest level in nearly three months on Thursday, fueled by short-covering and renewed optimism for this week’s cash prices, said traders. October live cattle, which will expire on Oct. 31, finished 1.125 cents per pound higher at 114.150 cents. Most actively traded […] Read more
‘It’s remarkable’: Alberta canola survives fierce winds
Mannville, Alta. — After a massive windstorm on the eve of Oct. 17, swathed canola in Alberta’s northern regions was largely unscathed. Keith Gabert, an agronomy specialist with the Canola Council of Canada, said while some of the crop blew over and piled up, much of it hardly moved. “We’re very fortunate (the windstorm) didn’t […] Read more
Flax prices finally break long market silence
Flax prices are beginning to creep higher in Canada and that comes as no surprise to Harold Davis, author of Prairie Crop Charts. FOB prices jumped to $12.50 per bushel last week from $12 previously, breaking a long stretch of steady to lower prices since January. Davis knew better prices were on the horizon partly […] Read more
Analysts on opposite ends of canaryseed outlook
An analyst says there could be fireworks in the canaryseed market this winter, while one exporter forecasts something more akin to a flickering candle. Canadian canaryseed prices have experienced an “enormous uptrend” over the past dozen years until 2015 arrived and there was a downward correction, said Harold Davis, author of Prairie Crop Charts. It’s […] Read more
