Markets
Hay prices are above average in Saskatchewan and may get higher this fall. If a number of factors come together, prices could spike. Most forage sellers are now asking five to eight cents per pound, with most of the hay trading closer to five cents. Trewett Chaplin, a livestock producer from Craik, Sask., thinks prices […] Read more
Markets
CME live cattle futures snaps back from 9-month low
CHICAGO, Aug 24 (Reuters) – Chicago Mercantile Exchange live cattle settled higher on Thursday after short-covering and bargain buying rescued futures from a nine-month low earlier in the session, said traders. Technical buying and positioning before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report on Friday provided more market support. August, which will expire on […] Read more
Research company touts camelina as the next Cinderella crop in Western Canada
Jack Grushcow is a true believer, at least when it comes to camelina. Grushcow, who founded a software company that was sold to Microsoft in 1991, is convinced camelina will be the next Cinderella crop in Western Canada. There’s only about 5,000 acres of camelina in Saskatchewan this year, but Grushcow envisions a much larger […] Read more
Beef checkoff increase delayed but still in the works
CALGARY — Small delays and snags are slowing the process of increasing the Canadian Beef Cattle Checkoff in cattle-producing provinces. Doug Sawyer, chair of the check-off division committee for the agency, said cattle groups in eight of nine provinces have agreed to increase the national check-off to $2.50 per head but the various steps to […] Read more
WP livestock report
Hogs dip slightly The U.S. national live price average for barrows and gilts was US$60.02 per hundredweight Aug. 18, down from $61.59 Aug. 10. U.S. hogs averaged $73.34 on a carcass basis Aug 18, down from $77.85 Aug 10. The U.S. pork cutout was $90.14 per cwt. Aug. 18, down from $94.44 Aug. 10. The […] 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 prices rise Prices for both fed steers and fed heifers rose slightly over the previous week, […] Read more
Pulse exports off to slow start
Peas and lentils are not going to be flying out the door right off the combine like they have the last couple of years, says a major processor and exporter of the crops. An oversupply of domestically produced pulses in key markets such as India and Turkey has resulted in a poor finish to the […] Read more
North Dakota wheat yields better than expected
Many areas of the state were grappling with extreme drought, but as harvest approached, producers found the crop was still in decent shape
Growers and agronomists in North Dakota were wondering in early July if any spring wheat would be produced in the western half of the state. Parts of the region were in an extreme drought: as little to no rain had fallen since April. As well, blistering heat, in the range of 35 C, scorched the […] Read moreWheat rises on bargain buying, canola drifts lower Thursday
Canola futures settled a little lower on Thursday on generally good harvest weather prospects and despite strength in soybeans. Although there is potential for thunderstorms tonight in many areas of the Prairies, the seven-day forecast looks mostly dry and warm. The Saskatchewan Agriculture crop report today said that 14 percent of the over all crop […] Read more
Russian forecaster raises wheat crop, export expectations
MOSCOW, Aug 24 (Reuters) – The huge harvest that Russian farmers are currently gathering has caused SovEcon agriculture consultancy to raise its forecast for Russia’s 2017-18 grain and wheat exports by 400,000 tonnes to 44 million tonnes and 32.4 million tonnes, respectively. Russia, shaping up to be the world’s largest wheat exporter in the 2017-18 […] Read more
