Markets
Hogs fall Large market-ready hog supply and huge slaughter numbers kept the pork supply strong and put downward pressure on hog prices. Packers are adding extra shifts to handle all the hogs, and so the slaughter pace in the U.S. is running above the stated capacity of the existing plants, which is 2.45 million, based […] Read more
Markets
WP livestock report
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 lower There was insufficient trade to establish a Canfax weekly weighted average price for steers […] Read more
Black Sea wheat looks good
The wheat crop in the Black Sea region is in good shape heading into winter, which is creating the prospect for another big crop in 2017. The region produced a record 114 million tonnes of wheat this year because of good spring and summer growing conditions. UkrAgroConsult is forecasting 54.1 million tonnes of Black Sea […] Read more
Pulse processor optimistic on exports to India
AGT president believes the drop in pulse prices will cause Indian growers to switch to more lucrative crops like wheat
The head of the world’s largest pulse processing company is more optimistic about export prospects to India than some market analysts. Murad Al-Katib, president of AGT Food and Ingredients, believes India’s crop is not going to be nearly as big as the Indian government and analysts are forecasting. India has set a target of 20.75 […] Read moreBlack Sea region completes winter wheat sowing, with mixed results
KIEV/MOSCOW, Nov 17 (Reuters) – Major Black Sea grain producers Ukraine and Russia have almost completed winter sowing, with Russia benefiting from good weather conditions whereas cold temperatures pose risks to Ukraine’s crop, analysts and traders said. Favourable weather conditions in Russia have allowed farmers to increase the sowing area and they expect a good […] Read more
VIDEO: Canada’s agricultural markets update – November 16, 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.
Strong cash prices boost CME live cattle to 2-month high
CHICAGO, Nov 16 (Reuters) – Chicago Mercantile Exchange live cattle futures on Wednesday reached their highest level in two months, driven by fund buying and better-than-expected cash prices, said traders. December live cattle closed up 2.725 cents per pound to 108.200 cents, and February ended 1.975 cents higher at 108.500 cents. On Wednesday packers paid […] Read more
Ample supplies drop CME hogs for 3rd straight session
CHICAGO, Nov 15 (Reuters) – Chicago Mercantile Exchange lean hog futures on Tuesday fell for a third consecutive session, dragged down by weaker cash and wholesale pork prices amid abundant seasonal supplies, said traders. December closed down 0.775 cent per pound to 46.125 cents, and February ended 0.700 cent per pound lower at 52.900 cents. […] Read more
CME live cattle futures finish mostly firmer
CHICAGO, Nov 14 (Reuters) – Most Chicago Mercantile Exchange live cattle contracts on Monday finished modestly higher after investors sold December futures and simultaneously bought deferred months in a trading strategy known as bear-spreading, traders said. December live cattle closed down 0.025 cent per pound at 105.575 cents. February ended up 0.225 cent at 106.525 […] Read more
CME live cattle futures climb as cash price outlook improves
CHICAGO, Nov 10 (Reuters) – Chicago Mercantile Exchange live cattle futures on Thursday gained for a third straight day, driven by short-covering following renewed optimism for cash prices by Friday, traders said. December and February contracts broke through their respective 10-day moving averages of 102.90 and 104.86 cents, which triggered fund buying. December live cattle […] Read more
