Markets
The U.S. spring wheat crop is still in trouble despite recent rainfall. Jim Peterson, marketing director of the North Dakota Wheat Commission, said the rain came too late for much of the crop in South Dakota, North Dakota and Montana. “You can’t call it a timely rain because a week sooner certainly would have been […] Read more
Markets
Canadian beef demand up despite higher prices
EDMONTON — U.S. cow herd expansion is the fastest in 40 years, yet the Canadian cattle population has remained stable for seven years. Recent Canadian census data showed Alberta had a three percent increase in beef cows for 2016. “We haven’t seen much change in our cattle growth, but we have seen more slaughter cattle […] Read more
Chinese beef buyers race to get hands on American steak
BEIJING (Reuters) — Chinese meat importers are racing to get their hands on the first shipments of beef from the United States in 14 years, as strong demand for premium steaks continues to grow in the US$2.6 billion beef import market. China and the United States this month settled the conditions for American beef exports […] Read more
Spring fed cattle market tops expectations
MOOSE JAW, Sask. — Cattle markets are doing better than Anne Wasko forecast last fall, but the analyst says producers shouldn’t get complacent. “What goes up will also go the other direction,” the president of Cattle Trends Inc. said after a presentation at the Saskatchewan Stock Growers Association annual convention June 12. Volatility continues to […] 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 average fed steer price was $160.79 per hundredweight, down $9.95. Overall […] Read more
WP livestock report
Hogs rise Seasonally tight supplies and retail demand for barbecue pork products helped lift hog prices. U.S. hogs averaged US$84.72 on a carcass basis June 16, up from $76.61 June 9. The U.S. pork cutout was $95.63 per cwt. June 16, up from $92.45 June 9. The estimated U.S. weekly slaughter for the week to […] Read more
Amazon purchase of Whole Foods in sync with consumer trends
News that Amazon is buying Whole Foods Market for US$13.7 billion probably did not make a big impact in the minds of prairie grain farmers busy monitoring for pests and spraying weeds. However, it could create a food retail sector shake-up that would vibrate down the food chain. The stock markets and business analysts were […] Read more
Australian state has ‘desperately dry’ weather
An emerging drought in Western Australia could reduce wheat and canola production in that state. The western portion of the state has experienced “serious and severe rainfall deficiencies” during the fall months of March to May, according to the Australian Bureau of Meteorology. Large portions of the state have received rain that is in the […] Read more
PREVIEW-Canadian farmers trim wheat, canola areas in wet spring-trade
By Rod Nickel WINNIPEG, Manitoba, June 22 (Reuters) – Soggy spring conditions in key crop-growing areas of the Canadian Prairies left farmers unable to plant as much as they intended, but canola seedings still look record-large, according to a Reuters survey of 16 traders and analysts ahead of a government report next week. Statistics Canada […] Read more
Cattle futures trader fined $5 million for manipulation
CHICAGO, June 21 (Reuters) – U.S. futures regulators fined a Memphis trading firm and three associates $5 million on Wednesday for using a manipulative tactic in CME Group Inc’s cattle futures, a market grappling with extreme volatility. The Commodity Futures Trading Commission said it penalized McVean Trading & Investments $1.5 million and its chairman, Charles […] Read more
