Markets
As a young chef, Blair Lebsack questioned why most food arrived in boxes on a truck from a central supply depot. “I always asked the driver where it came from and he didn’t know,” he said. Lebsack had grown up on a mixed farm near Red Deer where they raised livestock and garden produce for […] Read more
Markets
Corn, wheat, soy retreat in technical year-end trade, ICE Canola Weakens
CHICAGO, Dec 28 (Reuters) – U.S. corn, wheat and soybean futures fell on Wednesday in technically driven trade as investors squared positions toward the end of the year and the dollar firmed, analysts said. Additional pressure stemmed from easing concerns about crop weather in South America. As of 12:38 p.m. CST (1838 GMT), Chicago Board […] Read more
Brewers blasé about malting barley supply
Quality malting barley is difficult to find but rather than crying in their beer, some buyers are turning to lower quality crop
The western Canadian malting barley market has given nothing for farmers to smile about over the Christmas holidays. Instead of a hoped-for rally, the present weakness has reinforced worries that Canada’s crop no longer matters much in the global malting market. “It’s just kind of blah,” said Neil Townsend, chief analyst at FarmLink Marketing. “There […] Read more
Adequate supply of milling durum reassures buyers, but limits price
The good side of a flaccid market is that buyers won’t shy away from trying to buy Canadian durum this winter, says a member of Canada’s New Crop Missions. Whatever happens to prices, the buyers aren’t going to bail on Canada. “There is still some good production available,” Lane Stockbrugger, a farmer from Englefeld, Sask., […] Read more
CME live cattle again hits 4-month high on cash prices
CHICAGO, Dec 22 (Reuters) – Chicago Mercantile Exchange live cattle futures on Thursday climbed to a 4-month high for a second day in a row, fueled by short-covering and stronger-than-anticipated cash prices, said traders. CME livestock futures will close early on Friday and will be closed on Monday in observance of the Christmas holiday. December […] Read more
ICE Canada canola futures falls with soyoil
WINNIPEG, Manitoba, Dec 22 (Reuters) – ICE Canada canola futures fell on Thursday, pressured by weakness in soyoil, and year-end selling as investors lightened long positions. * January canola dropped $5.90 at $505.70 per tonne. * Most-active March canola gave up $6.40 at $514.50 per tonne. The contract settled below its 50-day moving average, leaving […] Read more
China’s economic slump raises fear
CHICAGO, Ill. — The deceleration of China’s economy is raising alarm bells in agriculture circles. China’s gross domestic product (GDP) is expected to grow by 6.8 percent in 2016 and 6.4 percent next year. That is the envy of many countries around the world but it is well below the double-digit growth China experienced during […] Read more
China reduces corn acres
BEIJING (Reuters) —China will further cut corn seeded area next year in areas of low productivity to help trim swelling inventories, state radio cited the country’s agricultural minister as saying Dec. 19. China, the world’s No.2 producer of corn, is facing ballooning corn surplus and was expected to unleash more supply into a saturated global […] 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 up The fed steer weighted average rose $3.34 to $153.82 per hundredweight. Heifer trade was […] Read more
WP livestock report
Hogs stronger Chicago hog futures reached a 3 1/2 month high Dec. 16, supported by stronger pork prices as retailers finished buying Christmas hams. Producers and the rest of the industry avoided the feared Dec-ember price collapse by marketing aggressively through the fall. U.S. slaughter hit record highs above 2.5 million a week, and meat […] Read more
