Markets
President threatens to tear up trade deal with South Korea, which gives American beef and pork preferred treatment
Canada, struggling to compete in the South Korean meat market behind the United States and Australia, could take a leap forward if U.S. President Donald Trump carries through on threats to tear up the U.S.-South Korea free trade deal. Trump thinks the five-year old agreement is unfair to the United States because the Asian country’s […] Read more
Markets
Drought sends mustard production in steep decline
Mustard production projected by Statistics Canada shows a decline of almost 50 percent from a year ago. However, Richard Marleau, chair of the Saskatchewan Mustard Development Commission, said the numbers could have been far worse. Mustard is grown mainly in southern Saskatchewan and southern Alberta, two areas hit hardest by drought. That accounts for most […] Read more
Cattle futures weaken on technicals after 2-week high
CHICAGO, Sept 14 (Reuters) – U.S. live cattle futures eased slightly in a technical selloff on Thursday after prices earlier notched a two-week high, traders said. Lean hog futures also were mostly lower, sagging under pressure from abundant supplies and declines in cash markets, while feeder cattle were modestly higher at the Chicago Mercantile Exchange. […] Read more
Feds to help transfer ownership, restore Churchill rail service
The federal government says it’s prepared to restore rail service to Churchill, Man. The rail line closed this spring after flooding damaged several sections of the route to the northern Manitoba community and port. The owner of the line, OmniTrax, said repairs would cost as much as US$60 million and it wasn’t prepared to pay […] Read more
Australia cuts wheat forecast to eight year low
SYDNEY, Australia (Reuters) — Australia has cut its forecast for 2017-18 wheat production by nearly 10 percent to an eight-year low, as dry weather cuts yields across the country’s largest producing regions. With harvesting set to begin in coming months, wheat production is expected at 21.64 million tonnes, the Australian Bureau of Agricultural and Resource […] Read more
Loonie is flying high but will it rise much higher?
The Canadian crop market digested several things last week, including a rapidly rising loonie and rapid harvest progress. Rain expected this week across the Prairies should give many farmers a chance to take a breather after going all out for the previous few weeks. The rapid advance of the harvest in mostly dry conditions put […] Read more
WP livestock report
Hogs fall again Abundant supply kept prices on the defensive. The barrow and gilt dressed weight was 206 pounds, up one lb. from last year at the same time. The U.S. national live price average for barrows and gilts was US$57.99 per cwt. Sept. 7, down from $50.55 Sept. 1. U.S. hogs averaged $58.65 on […] 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 cattle lower The Canfax weighted fed steer average was $133.58 per hundredweight, down about $4. Heifers […] Read more
Australian canola crop smallest in seven years
WINNIPEG, Sept. 13 – Australia is expecting its smallest canola crop since 2010, after the Australian Grains and Oilseeds Federation dropped its latest production estimate by 260,000 tonnes. The federation now estimates the country’s canola production at 2.86 million tonnes, a nine per cent decline from earlier estimates. Dry conditions and frost have hit crops […] Read more
VIDEO: Canada’s agricultural markets update – September 13, 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.
