Markets
CHICAGO, Ill. (Reuters) — CME Group Inc. plans no further moves to reduce volatility in its cattle futures market, after making a series of changes to rein in wild price swings that drove away hedgers, a managing director has said. Over the past two years, the exchange operator, which owns the Chicago Mercantile Exchange and […] Read more
Markets
No changes to cattle contracts for now, says CME Group
WP livestock report
Hogs rise The hog cash market continued to rise on stronger demand. Packers are enjoying strong margins. The large slaughter is putting a lot of pork on the market, but cutouts are at the same level as last year. U.S. pork exports were flat in August but are expected to be higher than last year […] 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 market up The Canfax fed steer average was $137.54, up $4.73 while heifers averaged $136.25. All […] Read more
Excellent quality sends malting barley price down
Ample supplies of malt barley have led to soft prices and the only hope for turning things around hinges on a poor Australian harvest. Rod Green, a barley broker with Central Ag Marketing Ltd. in Airdrie, Alta., said the condition of Canada’s crop couldn’t be more different compared to last year, when there were a […] Read more
VIDEO: Canada’s agricultural markets update – October 18, 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.
Nitrogen prices looking cheap across Prairies
WINNIPEG, October 17 (CNS) – Farmers may be looking to fill up on nitrogen fertilizer this fall as prices reach lows not seen in over a decade. “One retailer I talked to said it was the cheapest nitrogen prices in 15 years,” according to Dan Mazier, president of Keystone Agricultural Producers in Manitoba. He adds […] Read more
Hog futures at two-month high on pork packer demand; cattle eases
CHICAGO, Oct 16 (Reuters) – U.S. lean hog futures rose to a two-month high on Monday as cash prices extended their climb on strong demand from the expanded pork processing sector, traders and analysts said. Two new hog slaughterhouses that opened about a month ago in Iowa and Michigan have boosted hog demand while wholesale […] Read more
Crop markets edge lower as focus switches to South America
November Canola futures spent much of the morning above $500 a tonne Monday, but weaked late and closed again below $500. Most crops were a few cents per bushel in the red Monday, on a day with little conviction. “Canola was lagging, but it was firm, then everything flipped and it was stronger for a […] Read more
Canola posts modest gain on week, supported by strong demand
November canola futures closed a dollar shy of the $500 a tonne mark, supported by rising soybeans and good domestic and export demand. The contract though could not sustainably break above $500 although it peak above during morning trade. It closed at $499, up $3.30 on the day and up $2.60 from the close the […] Read more
Canada set to open Mercosur trade talks in December -sources
BRASILIA, Oct 13 (Reuters) – Canada and the South American trade bloc Mercosur will announce in December the opening of negotiations for a free-trade deal during the World Trade Organization’s annual meeting in Argentina, two sources told Reuters this week. The governments of all four full members of Mercosur — Argentina, Brazil, Paraguay, and Uruguay […] Read more
