CHICAGO, May 24 (Reuters) – Chicago Mercantile Exchange live cattle contracts slumped on Wednesday, pulled down by technical selling and lower preliminary cash prices, said traders. June closed 0.950 cent per pound lower at 122.125 cents. August closed 1.400 cents lower at 119.925 cents, and below the 10-day moving average of 120.130 cents. Wednesday morning’s […] Read more
Markets
CME live cattle retreat following initial cash prices

VIDEO: Canada’s agricultural markets update – May 24, 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.

Statistics Canada takes heat on canola supply estimates
Statistics Canada has come under fire by analysts for its canola production and stocks estimates but the agency remains confident in its numbers. Todd Mulligan, senior crops analyst at Statistics Canada, said the November estimates of crop production are based on a survey covering 26,500 farms. “We have a lot of confidence because that is […] Read more

VIDEO: Stars align to bring good cattle prices
The laws of supply and demand have seen the gavel drop on good cattle prices of late in a rally that began about four months ago. Live prices rose by US$20 per hundredweight in the last four weeks, reaching a high not seen since last August. Where the market will top, or whether it already […] Read more
Global oilseed stock estimate hammers soybean prices
Prices and profitability for oilseeds have generally been stronger than for grain because soybeans, canola and other oil crops have not suffered burdensome global oversupply. However, last week’s U.S. Department of Agriculture monthly supply and demand report underlined that global soybean stocks are not as tight as they once were. And that affects Canadian canola […] Read more
Prairie feed wheat and barley at seasonal highs
WINNIPEG — Feed barley and feed wheat appear to be settling into seasonal highs, says a market watcher in Alberta. “Whether it goes up much more remains to be seen,” said Jim Beusekom of Market Place Commodities in Lethbridge. “Between Easter and May long weekend, we’re probably at a high.” He says high vomitoxin (10 […] Read more
U.S. and China strike dealto expand agricultural trade
(Reuters) — The United States and China agreed last week on several issues affecting agricultural trade. They agreed to take action to expand bilateral trade in beef and chicken. China also promised to evaluate eight varieties of U.S. genetically modified crops by the end of this month. China will allow U.S. imports of beef no […] 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 fall The fed market gave back the gains from the previous week’s sharp rally. The […] Read more
WP livestock report
Hogs rise Seasonal tightening of market-ready supply and strong pork exports have put hog prices on an upward trend. The U.S. national live price average for barrows and gilts was US$53.66 per cwt. May 12, up from $48.75 May 5. U.S. hogs averaged $69.73 on a carcass basis May 12, up from $64.20 May 5. […] Read more

Farmers on Trump’s NAFTA radar
(Reuters) – The Trump administration on Thursday set the clock ticking toward a mid-August start of renegotiations of the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and manufacturers. With a letter to U.S. lawmakers, U.S. Trade Representative Robert Lighthizer said he triggered a 90-day […] Read more