Markets
HOGS PEAK Hog prices appear to have peaked for the season as supplies increase. The U.S. national live price average for barrows and gilts was US$67.85 per hundredweight July 21, down from $68.30 July 14. U.S. hogs averaged $83.33 on a carcass basis July 21, down from $86.40 July 14. The U.S. pork cutout was […] Read more
Markets
WP LIVESTOCK REPORT: July 27, 2017
Canfax report: July 27, 2017
FED CATTLE STEADY The Canfax weighted average steer price was $144.02 per hundredweight, down 15 cents. Heifers were $143.18. Fed cattle prices have traded in a narrow range for three weeks. Packers are slaughtering at an aggressive pace, which is supportive to prices. Packers are enjoying healthy operating margins, encouraging them to slaughter on Saturdays. […] Read more
Olymel expands sausage facility
Olymel is spending $8.1 million to upgrade its sausage plant in Quebec. The investment will double the footprint of the plant at La Fernandière to 45,000 sq. feet, the company said. Production should grow to almost 20 million kilograms from 14 million. The work will reconfigure four current production lines and add a fifth as […] Read more
Day Two –Wheat yield slashed as tour moves to Dakota drought area
By Julie Ingwersen DEVILS LAKE, North Dakota, July 26 (Reuters) – Spring wheat yield prospects in central and northwest North Dakota are down significantly from a year ago following hot, dry conditions during the growing season, scouts on an annual U.S. crop tour said on Wednesday. The Wheat Quality Council tour calculated an average yield […] Read more
Some get rain but heat fried many crops
Crop prices have rallied to a new, higher range, but the volatility within the range has increased as traders react to each changing weather forecast. Prices rose last week as corn entering its reproductive stage in the U.S. western corn belt fried in temperatures in the mid 30s C. They dropped back as cooler weather […] Read more
VIDEO: Canada’s agricultural markets update – July 26, 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.
LIVESTOCK-CME live cattle turn higher on futures’ cash discount
CHICAGO, July 26 (Reuters) – Chicago Mercantile Exchange live cattle contracts on Wednesday pared some recent losses, helped by bargain buying and futures’ discounts to early-week cash prices, said traders. Investors bought August futures and sold deferred months in a trading strategy known as bull spreads. August ended 1.125 cents per pound higher at 114.300 […] Read more
Day One results from North Dakota spring wheat tour
BISMARCK, N.D. (Reuters) — Yield prospects for hard red spring wheat in southern North Dakota were below average following hot and dry weather during the growing season, scouts on an annual crop tour said Tuesday. In the first day of a three day tour, the Wheat Quality Council calculated an average yield for hard red […] Read more
Patchy rain, drought produces mixed bag of crop conditions
After a 4,500 kilometre tour of the Canadian Prairies, Bruce Burnett, director of markets and weather with Glacier FarmMedia, confirmed what many suspect. Crop yield potential in Western Canada is highly variable, and production will be less than in recent high production years. “Variable is the word this year,” he said. Burnett covered large parts […] Read more
Italian labels to create big hassle
Canadian durum on Italian supermarket shelves will probably face discriminatory labelling in early 2018. The country’s agriculture and industry ministers have announced that the government is imposing a country-of-origin-labelling (COOL) scheme on packaged pasta that will require listing the origin of grain and where it was milled. At the same time, Italy’s largest farmers’ organization […] Read more
