Markets
Canadian canola meal shipments to China have exploded. Crushers shipped 656,660 tonnes of the product worth $218 million to China in 2016, up from nothing the previous year. It sounds like a new market for the product, but really it is just a market that has resurfaced after a three-year hiatus. “The main reason why […] Read more
Markets
China’s soaring pork exports ride to rescue in 2016
China was a strong importer of pork in 2016, helping to shore up producers’ incomes in Canada and United States. Last week, Ed White reported on how the North American hog industry dodged a bullet in the fourth quarter of 2016. The industry had forecast that the number of market-ready hogs in the U.S. would […] Read more
Bean importers nervous as Trump takes on Mexico
Some experts say the tariff threat is prompting Mexico to buy more Canadian beans, but analyst says it is simply due to a shortage
A dry bean trader says Mexican buyers are anxious about a potential supply disruption if verbal sparring with the United States erupts into a full-fledged trade war. U.S. President Donald Trump is contemplating slapping a 20 percent tariff on all Mexican goods crossing the border to pay for a wall he wants to build to […] Read moreU.S. corn farmers worry as Mexico woos South America
CHICAGO, Ill. (Reuters) — Mexico’s attempts to diversify its supplies of corn could threaten a crucial market for U.S. farmers who are increasingly dependent on exports to unload record stockpiles that are depressing prices. Mexico buys nearly all its corn imports from the United States, accounting for about 28 percent of total U.S. corn exports, […] Read more
WP livestock report
Hogs rise Tight supplies, brisk pork de-mand and good margins caused packers to again raise cash bids. The U.S. national live price average for barrows and gilts was US$56.08 per hundredweight Feb. 17, up from $53.50 per cwt. Feb. 10. U.S. hogs averaged $72.95 on a carcass basis Feb. 17, up from $70.72 Feb. 10. […] Read more
Canfax report
This cattle market informationis 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. The Canfax weighted average steer price was $158.34 per hundredweight, up $1.67 while heifers were $156.48, up 25 […] Read more
IGC raises forecast for 2016-17 global grains crop
LONDON, Feb 23 (Reuters) – The International Grains Council on Thursday raised its forecast for the global grains crop in 2016-17 partly due to improved outlooks for corn crops in Brazil and Mexico and wheat production in Australia. The IGC, in a monthly report, put total grains production at 2.102 billion tonnes, up eight million […] Read more
USDA sees farmers planting more soybeans, fewer corn acres
ARLINGTON, Va., Feb 23 (Reuters) – U.S. farmers will plant 88 million acres of soybeans this spring, up from 83.4 million last year, while cutting corn plantings to 90 million acres from 94 million in 2016, the U.S. Department of Agriculture projected on Thursday. Farmers are expected to make the shift because soybeans have become […] Read more
VIDEO: Canada’s agricultural markets update – February 22, 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.
Hogs tumble on pork price declines; cattle extend gains
CHICAGO, Feb 22 (Reuters) – Chicago Mercantile Exchange lean hog futures fell 3.8 percent for their biggest daily loss in about a month on Wednesday, pulled down by investment fund selling tied to lower cash hog and wholesale pork prices, traders said. Live cattle futures rose, extending gains to the fourth straight session on support […] Read more
