Markets
Canola futures closed the week on an up note after spending much of the morning slightly lower on loonie strength. The January contract closed up $1.60 or 0.3 percent on the day. For the week, the contract rose just $1.10 or 0.2 percent. Canola held steady this week even as the trade, on average, forecasts […] Read more
Markets
Canola little changed over week as market awaits StatsCan report
Hog explosion threatens profits
The U.S. growth in production is not keeping pace with exports, and analyst warns of a price correction
CALGARY — China and the United States are both increasing hog production, and that has major implications for the Canadian pork industry, says an agricultural analyst. Brett Stuart, chief executive officer of Global AgriTrends in Denver, predicts that China will add 1.7 million tonnes of pork production next year and reduce its imports as a […] Read more
U.S. biofuel target boosts soyoil, canola
Oilseed prices, including canola, rose following the announcement of new U.S. biofuel targets last week. The U.S. Environmental Protection Agency’s overall biofuel target of 19.28 billion gallons for 2017 was larger than expected and the component for advanced biofuels of 4.28 billion gallons, which includes biodiesel from vegetable oil, was particularly strong. On Nov. 27, […] Read more
China’s growing dairy sector sees forage demand rise
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
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 more
