Markets
The 30 percent increase in production over 2016 will be offset by a decline in North American supply, says analyst
There will likely be a dramatic surge in Black Sea pea production this year, but it should not affect Canadian prices that much, says an analyst. APK Inform, a Ukrainian agribusiness consulting firm, is forecasting Ukrainian farmers will plant 926,250 acres of peas, a 57 percent increase over 2016. It is projecting 973,000 tonnes of […] Read more
Markets
Consumers developing hunger for meat again
Much is made of the growth of vegetarianism in North America, but domestic meat consumption data indicates that most people in Canada and the United States still have a taste for beef, pork and poultry. Jim Long of Genesus Genetics, a pig genetics company, often has interesting observations about the pork industry around the world. […] Read more
Organic crops poised to take off, says official
Strong demand from American food manufacturers is fuelling the switch from conventional to organic production
The Prairie Organic Grain Initiative has released statistics for 2015 and while there was no growth in organic acres that year there will be in the future, says the association. The 1,342 primary producers in the prairie region seeded 1.41 million acres in 2015, which is about the same amount as the previous year. In […] Read more
Spring harvest creates blending opportunity
Selling durum with high mycotoxin levels is neither the most pleasurable marketing exercise for Saskatchewan grain growers, nor the most profitable. However, with spring seeding underway, it’s a good feeling nonetheless to get bins cleaned out and to find a home for high-vomitoxin grain that’s using up valuable storage space. Jason Skinner, manager of North […] Read more
U.S. hard red winter wheat battered by snow, rain
A major spring blizzard hit the hard red winter wheat region of the United States southern plains on the weekend causing snow and frost damage. July Kansas hard red winter wheat futures rallied more than 6.5 percent on May 1. That rally helped push Minneapolis spring wheat July futures up about two percent. The extent […] Read more
WP livestock report
Hogs level out After many weeks of lower prices, U.S. cash hogs bottomed out on hopes that the usual seasonal tightening of supply has begun. The U.S. national live price average for barrows and gilts was US43.25 per cwt. April 28, up from $42.80 April 21. U.S. hogs averaged $56.21 on a carcass basis April […] 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 highest of year Tight market-ready cattle and beef supplies pushed cash and Chicago cattle price […] Read more
Kansas crop tour projects above-average wheat yields despite snow
By Julie Ingwersen MANHATTAN, Kan., May 4 (Reuters) – Wheat fields in Kansas, the top U.S. producer of the grain, were above average as crops benefited from good soil moisture, scouts on the annual Wheat Quality Council crop tour said on Thursday. However, scouts were unable to assess how late-season snow that fell over the […] Read more
VIDEO: Canada’s agricultural markets update – May 3, 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.
CME live cattle soars to new highs, 3-cent price limit
CHICAGO, May 3 (Reuters) – Chicago Mercantile Exchange live cattle contracts on Wednesday posted new highs, and nearby months hit their 3.000-cent daily price limit, sparked by brisk beef demand and stronger-than-anticipated cash prices, traders said. June settled at 130.050 cents and August 123.800 – limit up and fresh highs for both contracts. Thursday’s live […] Read more
