Markets
Analysts have no clue how much the Brazilian meat scandal could affect Canadian meat exports or prices. However, as some of Brazil’s main markets re-open their doors to the country’s beef and poultry, the direct physical dislocation of the country’s products might not be the biggest impact. “We’ll have to figure out how deep it […] Read more
Markets
Lamb price steady but no herd expansion seen
Alberta lamb prices are projected to remain stable, supported by tight supplies and limited growth in herd size and in consumer demand. A similar situation exists around the world, where flocks are not growing and demand for lamb is flat, Jason Wood, a livestock market analyst at Alberta Agriculture, said in a recent webinar. “Consumption […] Read more
When will the run of global good weather run out?
Rain this week in the United States southern Plains and the Midwest is putting to rest for now concerns about drought in American winter wheat crops. Winter wheat crops in Europe, Ukraine, and India are all said to be in good shape. Rain in Russia might not be enough to sustain another record crop, but […] Read more
Grain Millers expands Sask. oat plant
Grain Millers, one the largest oat buyers in Western Canada, has quietly announced a $100 million expansion of its plant in Yorkton, Sask. Grain Millers Canada Corp. said in a news release the project would add 80,000 tonnes of production capacity to its mill, where it manufactures a range of conventional and organic oat food […] Read more
WP LIVESTOCKREPORT – March 30, 2017
HOGS LOWER A large number of meat importers stopped taking Brazilian meat because of the bribery scandal, but that did little to raise Chicago hog futures. Cash hog supply was adequate for demand. The U.S. national live price average for barrows and gilts was US$52.34 per cwt. March 24, down from $53.01 March 17. U.S. […] Read more
Canfax report – March 30, 2017
FED MARKETS RISES It was another great week for cash cattle with the Canfax weighted average for steers rising $3.14 to $170.66 per hundredweight and heifers up $3.42 at $169.48. There was strong demand and tight supply. Dressed trade was $3-$6 per cwt. higher than the previous week with sales ranging $285-$288 delivered. U.S. buyers […] Read more
Pulses to India gain fumigation exemption extension
(This story was updated at 10 am CST) It is official – India has renewed the fumigation waver that will allow Canada-India trade in pulses to proceed. India extended the fumigation waiver until June 30, 2017. The June 30 deadline will be based on the bill of lading date, said a news release from Pulse […] Read more
VIDEO: Canada’s agricultural markets update – March 29, 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.
India brings back 10 pct tax on wheat imports
NEW DELHI, March 28 (Reuters) – India on Tuesday imposed a 10 percent import tax on wheat with immediate effect, government sources said, reinstating the tariff after a gap of nearly four months that saw large overseas purchases. The government also imposed a 10 percent tax on pigeon peas, known locally as tur, after a […] Read more
AGT expects Indian fumigation deadline extension
A major player in the pulse crop industry is casting doubt on the Indian government’s report of a bumper harvest. Murad Al-Katib, president of AGT Food and Ingredients, said India is always exaggerating the crop size in an attempt to keep a lid on food price inflation. “India harvests a large crop every year, but […] Read more
