Markets
CHICAGO, Oct 17 (Reuters) – U.S. live and feeder cattle futures climbed more than 1 percent on Monday, adding to gains in the previous session, on technical buying and expectations cattle and beef prices will rise seasonally, traders and analysts said. Chicago Mercantile Exchange lean hog futures fell sharply. Friday’s expiration of October hogs left […] Read more
Markets
Cattle extends gains on technical buying, hogs at 14-year low
Canola follows soybean oil rally
Soybean oil continued its impressive rally Monday, pulling canola higher with it. On a generally green day of gains for crop futures other than corn, soybean oil was most impressive, rising more than three percent. Since Oct. 13, soybean oil has risen almost 10 percent. “I think it’s somewhat technical,” said Errol Anderson of Pro […] Read more
Quality woes demand marketing skills
Farmers told to hone up on quality parameters to reap the best prices possible for specific quality specs
The prairie wheat harvest is shaping up to be a bit of a dog’s breakfast this year. To avoid getting a bite on the backside, farmers should take a close look into the dog dish and figure out exactly what they’re serving up to Fido. “I think that’s one thing that all farmers, myself included, […] Read more
Fabas may not be worth hill of beans
Fababean growers should not expect to sell much of their crop into export markets this year, say analysts. Egypt is by far the largest importer of the crop. Buyers in that country are having a difficult time getting letters of credit due to Egypt’s economic woes, said Marlene Boersch, managing partner with Mercantile Consulting Venture. […] Read more
Cattle futures plumb new lows on technical selloff, hogs firm
CHICAGO, Oct 13 (Reuters) – U.S. cattle futures tumbled 2 percent on Thursday, extending losses to six-year lows on pressure from technical selling and weak prices in cash cattle markets, traders said. Lean hog futures added to recent gains at the Chicago Mercantile Exchange, boosted by technical buying and as investors exited short positions following […] Read more
U.S. hog slaughter nearing capacity, prices still falling
December hog futures prices dipped below US41.5 cents per pound last week, the lowest level since the fall of 2009 on a continuous chart. Our reporter Ed White had a story in the Sept. 22 paper about the most worrisome autumn for hog producers in 16 years. The hog herd in the United States has […] Read more
Welsh lamb on Canadian plates
A short-term promotion offering lamb from Wales in select Loblaws stores in Eastern Canada could increase interest in other meat imports from new suppliers. Randall Parker Foods, a Welsh meat processor, supplied 300 Canadian stores in Ontario and Quebec with fresh Welsh lamb this fall. However, a Loblaws spokesperson said it does not mean the […] Read more
High quality forages may be pricey, difficult to find
WINNIPEG — There seems to be no shortage of forages in Western Canada this year because the wet weather has allowed grasses to keep progressing at a steady rate. However, finding high-quality hay could be the challenge, according to crop watchers in Saskatchewan and Manitoba. “It’s been tough for guys to put four to five […] Read more
Mildew guideline change will benefit farmers: CGC
The Canadian Grain Commission has relaxed the guidelines for mildew in wheat. It announced Oct. 7 that mildew guidelines will be adjusted in all western Canadian milling wheat classes to allow for an increased presence of mildew in the visual guides and standards. The changes were implemented after a two-year study that examined the impact […] Read more
Brazilian output may hit record with good weather
SAO PAULO/BRASILIA, Brazil (Reuters) — Brazil expects grain production to reach record levels in the new year because of favour-able weather that would replenish corn stocks and help the country rein in stubbornly high inflation. The prospect for increased Brazilian production, and a forecast that Argentina’s farmers would plant more corn and produce a crop […] Read more
