Markets
CHICAGO, July 7 (Reuters) – U.S. livestock futures were mostly higher on Friday, with cattle futures recouping a portion of their losses from earlier this week in a technical rebound and hogs recovering from steep declines in the past two sessions, traders said. Signs of stabilizing prices in U.S. cash cattle markets after weeks of […] Read more
Markets
U.S. hog, cattle futures mostly higher on technicals
Spring wheat futures sizzle as U.S. crop fries
As temperatures soar into the mid 30s C in the already dry U.S. northern Plains this week, spring wheat futures boiled over with the strongest rally in about six years. The last major jump in spring wheat futures was in the second half of 2010 and early 2011, when prices rose from $5 per bu. […] Read more
Feed barley down, malt demand up
REGINA — Canadian barley production has dropped 35 percent over the past 10 years as livestock operators switched to feed wheat, distillers dried grain and corn. Canada’s barley exports have suffered from robust international competition. For instance, Japan used to import 300,000 tonnes of Canadian feed barley a year, but now is willing to buy […] Read more
What happened to those burdensome wheat stocks?
With spring wheat prices soaring, farmers might be thinking that all that talk of huge world wheat stocks was a lie. Well, those stocks are still there, but the rapid development of a drought on the northern U.S. Plains this year has focused traders’ minds on a portion of the wheat market — the high […] Read more
U.S. cattle rise in rebound on technical buying, cash trades
CHICAGO, July 6 (Reuters) – U.S. live cattle futures gained more than 1 percent on Thursday, rebounding from a two-month low on chart-based technical buying and slightly firmer trades in cash cattle markets, traders said. Most-active CME August live cattle knocked out Wednesday’s session low early in Thursday’s session but found downside support near its […] Read more
Craft beer sector gives barley sector a wake-up call
Barley varieties have catered to demands of big brewers, but demands by craft beer makers may see breeders accommodate
Craft brewers make up less than 20 percent of beer production in the United States, but they consume almost 50 percent of the malt used by the beer industry. That makes them important to the barley industry and to barley growers, Brewers Association supply chain specialist Chris Swersey said during the Canadian Barley Symposium June […] Read morePoor prices discourage Indian pulse seeding
REGINA — A market opportunity may be brewing for Canadian pulse producers as Indian pulse acreage might contract considerably be-cause of poor returns in that country. “Right now, with the prices that are available to growers in India, it’s not attractive to grow pulses. We’re seeing them go into things like cotton and corn,” Chad […] Read more
Dry weather takes toll on EU rapeseed forecast
PARIS, France (Reuters) — Consultancy Strategie Grains reduced its monthly outlook for this year’s rapeseed crop in the European Union by 200,000 tonnes after a recent hot spell hit some large producing countries in the bloc. In a report released July 3, Strategie Grains projected the EU 2017 rapeseed crop at 21.12 million tonnes, still […] Read more
India extends fumigation deadline — with caveat
India has extended the June 30 deadline on a requirement that all pulse shipments to that country be fumigated with methyl bromide, but it wasn’t quite the good news the Canadian pulse industry had hoped to hear. “India has basically extended the ability for exporters around the world to ship to India without fumigation prior […] 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 down The Canfax weighted average for steers fell $5.77 to $150.78 per hundredweight, and heifers […] Read more
