Markets
Canola futures on Friday closed higher for the fourth time in five days this week, supported by slow farmer selling and stronger soy oil. May canola closed at $489.10 per tonne, up $3.80 on the day while new crop November closed at $484.30 up $3.30. Over the week May canola rose $4.70 per tonne. New […] Read more
Markets
Nov canola gains $7.90 on week
Canadian peas holding range ahead of coming production
Winnipeg, April 7 – A policy extension from major pulse buyer, India, brought short-term support to Canada’s dry pea market, but values are hanging in a range. In late March, India extended its fumigation policy requirement for three months, allowing the market some breathing room, though officials are still hoping to come to a long […] Read more
Final oat supply numbers, quality still unclear
Alan Butuk drove 150 kilometres through northeastern Saskatchewan in the last week of March, and saw only one crop of oats in the field. The drive would suggest that only a few Saskatchewan growers were unable to harvest oats last year because of a wet fall, but Butuk said the number is much higher. “I’m […] Read more
Firm caters to healthy demand
Grain Millers may soon become the largest oat miller in the world, but Terry Tyson isn’t pre-occupied with that label. In March, the U.S. company announced a $100 million expansion to its mill in Yorkton, Sask., where it manufactures a range of conventional and organic oat products. The investment will add 80,000 tonnes of capacity […] Read more
Bargain buying rallies CME hogs from 4-month low
CHICAGO, April 6 (Reuters) – Chicago Mercantile Exchange lean hogs closed higher on Thursday after bargain buying lifted futures from four-month lows, said traders. They said buy stops and deferred-month technical buying furthered market advances. April hogs ended up 0.300 cent per pound to 63.925 cents, and May 1.200 cents higher at 69.550 cents. “We […] Read more
Alta. elk producers needed to fill growing demand
EDMONTON — The Alberta elk industry is shrinking at a time when cervid products are in good demand. The number of elk farms in the province dropped to 162 last year from 391 in 2005. These reductions in production are coinciding with a period in which meat and velvet antler for the health supplement market […] Read more
Desperately seeking profit may lead to disaster
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
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
