Markets
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 price falls The Alberta fed market was unable to gain momentum even with the strong market […] Read more
Markets
Canfax report
WP livestock report
Hogs rise Profitable packer margins, good pork demand and seasonally tightening supplies lifted hog prices. U.S. hogs averaged US$72.98 on a carcass basis June 2, up from $71.01 May 26. The U.S. pork cutout was $91.40 per cwt. June 2, up from $90.28 May 26. The estimated U.S. weekly slaughter for the week to June […] Read more
Huge grain supplies dampen impact of USDA reports
CHICAGO, June 8 (Reuters) – The U.S. Department of Agriculture monthly crop reports, which have often provided huge shocks to the market, have been met by a shrug in 2017, with price moves and volume muted by the massive global supply of grains. USDA will release its next supply and demand report on Friday at […] Read more
High prices linger for spring feedgrains
Farmers with feedgrains have been able to ride the traditional spring rally for weeks longer than usual this year. “It’s come on the back of crazy weather, late seeding, late combining and a mixed bag of problems,” said Brandon Motz of CorNine Commodities in Lacombe, Alta. Lethbridge delivered barley prices in the week of May […] Read more
Cattle futures firm, hogs mixed on technical trading
CHICAGO, June 7 (Reuters) – U.S. live cattle futures rose on Wednesday in a rebound from losses in the previous session while some lean hog contracts weakened following recent gains in technically driven consolidation trade, traders and analysts said. Rising wholesale beef prices buoyed cattle futures as retailers bought to stock meat coolers ahead of […] Read more
VIDEO: Canada’s agricultural markets update – June 7, 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.
Cattle tumble in technical selloff after contract highs
CHICAGO, June 6 (Reuters) – U.S. live cattle futures fell more than 1 percent on Tuesday, reversing from earlier life-of-contract highs on pressure from investment fund and technical selling, traders and analysts said. Feeder cattle futures declined by their daily price limit of 4.500 cents per pound while lean hog futures were mostly 1 percent […] Read more
Cattle extend gains as beef prices rise; hogs ease
CHICAGO, June 5 (Reuters) – U.S. cattle futures climbed about 1 percent on Monday, with several deferred live cattle contracts notching lifetime highs and front-month feeders hitting a 15-month peak on investment fund buying tied to gains in beef prices. Some cattle futures contracts reversed from earlier small losses at midday, boosted by U.S. Department […] Read more
CME live cattle futures climb to 1-month top
CHICAGO, June 2 (Reuters) – Chicago Mercantile Exchange live cattle contracts hit a one-month high on Friday, driven by fund buying and short-covering, said traders. Futures’ discounts to this week’s better-than-anticipated cash prices generated more buying. June closed 3.400 cents per pound higher at 1s 30.825 cents, and August 1.350 cents higher at 126.050 cents. […] Read more
Visible Canadian canola stocks tightest in nearly three years, exports slow
Winnipeg, June 2 (CNS Canada) – Canola supplies in commercial hands in Canada dropped to their tightest level in nearly three years, according to the latest data from the Canadian Grain Commission for the week ended May 28. Visible canola supplies, at 702,700, are down from the already tight level of 830,200 tonnes posted the […] Read more
