Markets
Hogs down Seasonally increasing market-ready supply pressured prices lower. Two major U.S. plant skipped Saturday slaughter because of hurricane Matthew. The U.S. national live price average for barrows and gilts was US$34.78 per hundredweight Oct. 7, down from $37.76 Sept. 30. U.S. hogs averaged $46.36 on a carcass basis Oct. 7, down from $48.27 Sept. […] 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 rise The fed steer weighted average was $134.28 per hundredweight, up $3.55, and heifers were […] Read more
VIDEO: Canada’s agricultural markets update – October 12, 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. Crops:
Weak cash prices extend CME live cattle futures’ losses
CHICAGO, Oct 12 (Reuters) – Chicago Mercantile Exchange live cattle futures finished lower for a fourth straight session on Wednesday as they marked new lows, hit by softer initial cash prices, traders said. October closed 0.750 cent per pound lower at 96.750 cents, and made a new low of 95.675 cents. December finished 1.100 cents […] Read more
Cattle fall to 6-year low on long liquidation, ample supply
CHICAGO, Oct 11 (Reuters) – U.S. cattle futures fell to six-year lows on Tuesday, adding to steep losses from the previous session as investors liquidated holdings amid ample animal and meat supplies, traders and analysts said. Lean hog futures gained more than 1 percent at the Chicago Board of Trade, lifted by spreading as some […] Read more
Canola shows strength on poor harvest weather
Canola continued to show signs of strength Friday, rising again and taking itself into the upper band of a trading range it has been caught in since July. More news of bad western Canadian harvest weather helped canola prices and kept them better supported than soybeans. Soybean oil was relatively strong compared to other North […] Read more
Bin busting wheat harvest
The U.S. Department of Agriculture’s latest quarterly stocks report was devoid of the usual surprises. “Today’s report was fairly tame compared to many Sept. 30 reports that we’ve had,” said Arlan Suderman, chief commodities economist with INTL FCStone. The one number that caught most analysts off guard was U.S. wheat stocks of 2.527 billion bushels […] Read more
Fertilizer price slump ideal time to expand: Agrium
CEO says it made sense during the low of the price cycle to merge with PotashCorp to speed retail growth
Farmers might want to give up on guessing when fertilizer prices will bottom out and head back up. Even the chief executive officer of what will be the world’s largest fertilizer company is in the dark on that one. “We get asked that question an awful lot, and the short answer is we don’t know,” […] Read more
Feedlot closure is part of bigger economic picture
Livestock futures markets were slammed lower again last week with fed cattle and hogs each testing multi-year lows. There is just too much meat on the market — pork and beef. October live cattle futures fell to 98.900 cents per pound Sept. 30, the lowest point on a continuous chart since November 2010. Chicago October […] Read more
CME lean hog futures rebound on bargain buying
CHICAGO, Oct 6 (Reuters) – Chicago Mercantile Exchange lean hogs closed higher on Thursday on short-covering and bargain buying after futures tumbled to a seven-year low on Wednesday, traders said. CME October lean hogs, which will expire on Oct. 14, led advances due to a discount to the exchange’s hog index for Sept. 4 at […] Read more
