Markets
The canola futures rally to more than $500 a tonne presents farmers with a pricing opportunity. Canola has rallied on the combination of the stalled Canadian harvest and strength in the palm oil market. In the past three years, canola has not often climbed above $500 and never in the autumn. It is a level […] Read more
Markets
Is the canola price a bird in the hand?
WP livestock report
Hogs under pressure An ample supply of market-ready hogs kept downward pressure on American prices. Plants closed because of Hurricane Matthew reopened and the weekly slaughter total was strong. The United States national live price average for barrows and gilts was US$34.42 per hundredweight Oct. 21, down from $36.63 on Oct. 14. U.S. hogs averaged […] 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. Cattle futures rally Chicago live cattle futures fell early last week but then posted strong gains at […] Read more
VIDEO: Canada’s agricultural markets update – October 26, 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.
Fundamentals undercut CME hog futures; cattle end higher
CHICAGO, Oct 26 (Reuters) – Chicago Mercantile Exchange lean hog futures finished weaker for the first time in four sessions on Wednesday, pressured by profit-taking and uneasiness about cash and wholesale pork prices as October Pork Month winds down, said traders. December lean hogs finished 0.425 cent per pound lower at 44.200 cents, and February […] Read more
Dedicated trains put shippers in charge of car movement: CP
Complaining about the movement of grain cars and trains is a rite of winter in Western Canada. Producers in a certain region of the Prairies will grumble that the railways aren’t making grain cars available for their local elevator. That frustration may be misdirected, at least when it comes to Canadian Pacific Railway, because the […] Read more
CME hog futures extend rally, cattle snap winning streak
CHICAGO, Oct 25 (Reuters) – Chicago Mercantile Exchange lean hog futures on Tuesday gained for a third straight session, fueled by recently improved prices for slaughter-ready, or cash, hogs and wholesale pork values despite plentiful supplies, said traders. Fund buying developed after December and February futures opened above their respective 20-day moving averages of 42.51 […] Read more
Canola follows soy oil higher
Canola rose Monday, following soybean oil. Soybeans lagged canola, having less oil value in its seed. Soybean meal rose too, but not by nearly as much as soybean oil. European canola and Malaysian palm oil prices also rose. U.S. soybean exports are speeding up, above last week levels and above those of a year before. […] Read more
CME live cattle rally 3rd straight session to 3-week high
CHICAGO, Oct 24 (Reuters) – Chicago Mercantile Exchange live cattle futures rose for a third consecutive session to their highest level in three weeks, fueled by Friday’s strong cash prices and the U.S. government’s bullish monthly Cattle-On-Feed report, traders said. Friday’s U.S. Department of Agriculture report showed 2.0 percent less cattle entered feedlots in September […] Read more
U.S. Sept. cattle placements record low; inexpensive beef to persist
Theopolis Waters CHICAGO, Oct 21 (Reuters) – U.S. feedlots in September brought in two percent fewer cattle than last year, the U.S. Department of Agriculture said on Friday, which fell short of most trade estimates and resulted in a record low for that month. Depressed profits discouraged ranchers from plucking their animals off healthy grazing […] Read more
