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. Fed steers up slightly The Canfax fed steer average was $137.69 per hundredweight, up only 15 cents […] Read more
Markets
Canfax report
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
China’s policy change bad for soybean imports
The adage is that big crops get bigger but that does not appear to be the case in U.S. soybeans this year. The trade last week expected the United States Department of Agriculture to raise its yield forecasts for corn and soybeans in its monthly report. It did raise the corn yield, but it lowered […] Read more
CME hogs hit 2-month high as cash prices trend upward
CHICAGO, Oct 19 (Reuters) – Chicago Mercantile Exchange lean hog futures rose on Thursday, hitting their highest level in two months led by steadily climbing prices for market-ready, or cash, hogs as packers competed for supplies, said traders. December hogs finished 0.500 cent per pound higher at 64.250 cents, and February ended 0.475 cent higher […] Read more
China’s pig herd shrinks at fastest pace since early 2016
The government’s tough new pollution standards ban livestock production near water sources or high populated areas
(Reuters) — China’s pig herd shrank last month at the fastest pace in almost two years, the Ministry of Agriculture said, the latest sign sweeping government steps to curb pollution have accelerated cuts in one of the nation’s critical farm sectors. The hog herd in the world’s top pork consumer fell by 6.1 percent from […] Read moreTight supply has mustard growers hoping for rally
Mustard prices are up but it might be prudent for growers to delay selling until the new year due to tight supplies, say buyers. “If it’s something they can sit on, they might want to wait until January and see what comes of it,” said Kevin Dick, president of All Commodities Trading Ltd. “I’m not […] Read more
