Markets
CHICAGO, Jan 25 (Reuters) – Chicago Mercantile Exchange lean hogs on Wednesday climbed to their highest level in almost six months, fueled by short-covering following strong cash and wholesale pork prices, said traders. Technical buying developed after February and March futures surpassed their respective 10-day moving averages of 65.662 and 69.023 cents. February hogs ended […] Read more
Markets
CME hog futures surge to near 6-month high
Technical selloff sends CME hog futures lower
CHICAGO, Jan 23 (Reuters) – Chicago Mercantile Exchange lean hog futures closed weaker on Monday, partly pressured by sell stops and fund liquidation, said traders. February hogs ended 0.300 cent per pound lower at 65.000 cents, and under the 10-day moving average of 65.267 cents. April closed 0.700 cent lower at 67.775 cents, and below […] Read more
Trump is wild card in 2017 markets
Crop market analyst Mike Jubinville could have taken a different spin on the famous opening line of Charles Dickens’ A Tale of Two Cities. That’s because Jubinville, head of ProFarmer Canada, thinks crop markets in 2017 will be characterized as neither the best of times nor the worst of times. He could have also noted […] Read more
Canaryseed prices could firm in 2017, says analyst
Depending on who you believe, canaryseed prices could either see a modest increase in 2017 or a modest decrease. Either way, it could be a long time before growers see a return to the glorious days of 40 cent per pound canaryseed. “We’ve had a situation where we’ve had fairly stable supplies and fairly steady […] Read more
Cash prices again push CME live cattle futures higher
CHICAGO, Jan 19 (Reuters) – Chicago Mercantile Exchange live cattle futures moved higher for a fourth straight session on Thursday, driven by this week’s cash price surge, traders said. February live cattle closed 0.750 cent per pound higher at 121.025 cents, and April closed up 0.475 cent to 119.875 cents. Both contracts notched 10-month highs […] Read more
Wheat hits 18 month high on USDA
Winter wheat acreage in the U.S. is down 10 percent from last year and is the smallest area since 1909. That information from the U.S. Department of Agriculture Jan. 12 supported wheat prices last week, but gains were limited as the department also raised its outlook for 2016-17 domestic and world wheat ending stocks. The […] Read more
Include ‘what if’ scenarios in projections to help lower risk
Like any portfolio of investments, a farmer’s crop mix is a combination of risk-versus-reward decisions. But that’s not something every farmer thinks about when considering their cropping choices. Most of the attention and interest goes into the projected bottom line profit or loss generated by harvesting average yields, not what happens if there is a […] Read more
Supply uncertainty sparks oats premium
How many bushels of quality oats are in Canadian farmers’ bins? That is a top of mind question for oat users and one that will determine pricing for the rest of the crop year. Worries about supply appear to be causing users to issue special short-term premium offers to get supply without sparking a general […] 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 stronger The fed steer weighted average was $160.31 per hundredweight, up 84 cents, and heifers […] Read more
WP livestock report
Hogs rally Stronger pork prices helped to lift hog cash prices. Packer operating profits remain very attractive, as the gap between the cut-out value and the cash hog price is wide. The U.S. national live price average for barrows and gilts was US$46.92 per cwt. Jan. 13, up from $42.30 Jan. 6. U.S. hogs averaged […] Read more
