Markets
Canola is many farmers’ biggest moneymaker, and good crop rotation is many farmers’ best financial hedge. However, those two factors have collided in a way that is undermining not only individual farmers’ security but also those of their neighbours, and even the future of the canola industry itself. For two decades, I’ve heard agronomists urge […] Read more
Markets
Cargill says global trade benefits workers, economies
Official says trade experts need to explain benefits of trade to consumers and help mitigate negative effects
Cargill is anxiously watching anti-trade sentiment and is trying to push back. However, the company believes that reversing anti-trade antipathy will require a multi-pronged approach. “Each new day seems to bring news of another country leaning further toward economic nationalism,” chief executive officer David McLennan said in a March 28 speech to the Financial Times […] Read moreWP livestock report
Hogs lower The U.S. quarterly pigs report said the U.S. herd was four percent larger than a year ago at 70.976 million head. The report came in close to expectations. The weekly U.S. slaughter increased at a time when the number should be getting smaller. The large slaughter increased pork supply, which in turn weighed […] 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 rise Cash cattle gained for the eighth consecutive week, but the seasonal peak might be […] Read more
U.S. producers bet the farm on Chinese soy demand
By Mark Weinraub CHICAGO, April 6 (Reuters) – Struggling U.S. farmers are pressing their luck with soybeans this spring, sowing record acreage even though the world is awash with the oilseed, as demand from China offers a potential lifeline. Soybean plantings could surpass corn for the first time this year, with rising exports holding up […] Read more
New era in soybean, corn acres
American corn and soybean crops are in a statistical tie for acreage this year, a situation never seen before. And so the opportunity for any rally in oilseed prices, including canola, is limited. The United States Department of Agriculture planting intentions report last week showed that American farmers intend to seed 89.48 million acres to […] Read more
VIDEO: Canada’s agricultural markets update – April 5, 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 end firmer despite cash price pessimism
CHICAGO, April 5 (Reuters) – Chicago Mercantile Exchange live cattle futures gained modestly on Wednesday, aided by their discounts to this week’s cash price expectations, said traders. They said sufficient supplies and seasonally tepid wholesale beef demand capped market advances. April live cattle closed up 0.050 cent per pound to 118.275 cents, and June up […] Read more
CME hog futures hit 4-month low as cash prices slide
CHICAGO, April 4 (Reuters) – Chicago Mercantile Exchange lean hog futures fell to their lowest level since early December on Tuesday, with ample supplies dragging down cash prices for a ninth straight session, said traders. April hogs ended 1.125 cents per pound lower at 63.675 cents, and May closed down 1.225 cents to 68.175 cents. […] Read more
CME hog futures slump on pork demand fears
CHICAGO, April 3 (Reuters) – Chicago Mercantile Exchange lean hog futures fell on Monday, pressured by concerns that the seasonal bump in supplies might further hurt cash prices and curb retail pork buying, said traders. They said sell stops and fund liquidation hastened hog market losses. April hogs ended 0.875 cent per pound lower at […] Read more
