Markets
Most Prairie oat growers appear to be relatively satisfied as they grind their way through a dull oat market. Prices might not be good, but the crop has been moving and yields have been making up for soft prices. “People are buying it and using it,” said Neil Townsend of FarmLink Marketing. “It’s providing cash […] Read more
Markets
Oats posts harvest low, movement frees bin space
Expect lower U.S. winter wheat acres despite high yields
The pace of winter wheat seeding in the United States is much slower than normal, particularly in the key state of Kansas. Nationally, winter wheat seeding as of Oct. 22 was 75 percent done compared to the five-year average of 80 percent. In Kansas, only 67 percent was in the ground, down from the average […] Read more
More cattle moving into U.S. feedyards
CHICAGO (Reuters) — The number of cattle placed in U.S. feedlots in September was up 13.5 percent over last year at the same time, topping analysts’ average forecasts and hitting the highest level for the month in six years. September placements were 2.15 million head, the U.S. Department of Agriculture cattle on feed report said […] Read more
WP livestock report
Hogs rise The hog cash market continued to rise on stronger demand as two slaughter plants, the Seaboard Triumph Foods in Sioux City, Iowa, and Clemens Food in Coldwater, Michigan, have recently opened in the United States and packer margins have been attractive. Buying for October Pork Month in the U.S. is coming to a […] Read more
Canfax report
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 steers up slightly The Canfax fed steer average was $137.69 per hundredweight, up only 15 cents […] Read more
VIDEO: Canada’s agricultural markets update – October 25, 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.
Profit-taking, cash prices drop CME hog futures
CHICAGO, Oct 23 (Reuters) – Chicago Mercantile Exchange lean hogs closed lower on Monday, pressured by profit-taking following the morning’s cash price drop, traders said. December hogs finished 1.325 cents per pound lower at 63.525 cents, and February ended 0.875 cent lower at 68.225 cents. Some investors sold futures after analysts predicted a 480,000-plus head […] Read more
Canadian pulse industry still waiting for answers from India
Commodity News Service And Western Producer Staff WINNIPEG, Oct. 20 — Almost three weeks since a India pulse fumigation fee waiver expired, the Canadian pulse industry is still in the dark as to what is happening. The exemption applied to fees charged on pulses that would require fumigation upon arrival in India. With the exemption […] Read more
Friday market wrap – weaker loonie, strong exports support canola
Canola futures continued their gradual rise, supported Friday by news that the U.S. government will leave biofuel policy alone. November canola closed at $502.20 per tonnes up $1 on the day. Over the week, November gained $3.20 a tonne. January closed at $510.50, up $1.90 on the day and up $4.60 on the week. Canola […] Read more
Low pulse exports create market anxiety
Sluggish pulse sales to India have some analysts forecasting bourgeoning carryout while others believe there is no cause for alarm. Bulk pea sales are 35 percent below last year’s pace, while bulk lentil shipments are 42 percent behind, according to Canadian Grain Commission statistics. “We’ve been getting rather used to being very front-end loaded where […] Read more
