Markets
The oft-ignored offshore forage market is getting bigger, even while some traditional markets are getting smaller, says the head of the U.S. forage exporters’ organization. “2016 registered the first time the Chinese market (was) a bigger export market than Japan,” John Szczepanski of the U.S. Forage Export Council said during the Canadian Forage and Grassland […] Read more
Markets
CME live cattle slide after hitting three-month peak
CHICAGO, Dec 1 (Reuters) – Chicago Mercantile Exchange live cattle futures on Thursday peaked at a three-month high before profit-taking dropped contracts to near session lows, said traders. December live cattle closed down 0.175 cent per pound to 110.575 cents, and February ended 0.575 cent lower at 111.375 cents. CME live cattle futures receded in […] 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 For the sixth consecutive week, western Canadian fed prices have rallied, rising to the […] Read more
Hog producers told to brace for tough times ahead
Producers shouldn’t assume the lows of the current hog markets are behind them, says a risk management specialist for Hams Marketing. The recent rally in the futures market comes ahead of a three-week danger period in the middle of December that often challenges producers. “It’s remarkable. I can’t really explain the recent run-up, upturn here,” […] Read more
How do you prepare your farm for a Trump-led America?
Everybody always says, “we’re entering uncharted waters here,” but heck, folks, this time we’re truly entering uncharted waters. A Donald Trump presidency could mean almost anything for commodity prices, interest rates, market access and world economic conditions, and farmers need to be prepared to deal with unprecedented uncertainty during an already challenging time. Here’s what […] Read more
WP livestock report
Hogs Chicago hog futures have been edging higher, as have pork prices, but the cash price has not yet responded. U.S. carcass weights have declined as packers maintain a near-record pace of slaughter and enjoy robust profit margins. The U.S. national live price average for barrows and gilts was US$31.95 per cwt. Nov. 25, down […] Read more
Tough year for lentils, but demand should keep growers growing
Buyers say strong prices means there is an argument for more lentil acres, especially for green types
REGINA — The market is sending signals to plant more pulse crops, says an agrologist with Saskatchewan Agriculture. “Despite tough (pulse crop) growing conditions this year, a lot of producers should be back for the coming season,” Dale Risula said last week at Canadian Western Agribition. “It keeps their rotations and spreads risk.” Greg Simpson […] Read moreForecast: Canadian wheat, canola crops weather snow, top last harvest
WINNIPEG, Manitoba, Dec 1 (Reuters) – Canada’s wheat and canola crops withstood wintry weather that stalled the autumn harvest, and production is expected to top last year’s output, according to Reuters’ industry survey of 13 analysts and traders. Statistics Canada on Tuesday will issue its final crop production estimates for the 2016-17 marketing year. The […] Read more
Cattle, hogs rise on cash markets, capping monthly gains
CHICAGO, Nov 30 (Reuters) – Chicago Mercantile Exchange cattle and hog futures rose about 1 percent on Wednesday, rallying after two straight sessions of losses on the back of gains in U.S. cash cattle and hog markets, traders and analysts said. Most-active CME February live cattle settled 1.650 cents higher at 111.950 cents per lb. […] Read more
VIDEO: Canada’s agricultural markets update – November 30, 2016
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.
