Markets
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 markets posts lows The Canfax fed steer weighted average was $126.74 per hundredweight and hiefers averaged […] Read more
Markets
Canfax report
WP livestock report
Hogs remain weak Cash prices were little changed, but hope is building for increased hog buying for U.S. national pork month in October. The U.S. national live price average for barrows and gilts was $44.98 per cwt. Sept. 9. U.S. hogs averaged $58.21 on a carcass basis Sept. 9, unchanged from $58.21 Sept. 2. The […] Read more
Bargain-buying lifts CME lean hogs from 10-month low
CHICAGO, Sept 15 (Reuters) – Chicago Mercantile Exchange lean hogs on Thursday settled moderately higher on bargain buying after supply worries sank futures to a 10-month low for a second day in a row, traders said. October closed up 0.225 cent per pound to 55.150 cents, and December ended 0.350 cent higher at 49.450 cents. […] Read more
Oat buyers’ storage gives cushion to prevent rally
Buyers don’t want to be caught short and be forced to pay higher prices so many have several months worth of supply in storage
Farmers keep hearing that quality oat supplies are getting tighter, but they never see a price rally as they expect. That’s unlikely to change, said oats trader Lorne Boundy of Paterson Grain, because buyers seldom worry about running out of oats these days. “A lot of the mills actually built up enough cushion (of supply) […] Read more
VIDEO: Canada’s agricultural markets update – September 14, 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:
Hefty supplies push CME lean hog prices to 10-month low
CHICAGO, Sept 14 (Reuters) – Chicago Mercantile Exchange lean hogs on Wednesday sank to a 10-month bottom, and forged new contract lows, as abundant heavier animals continued to drag down cash prices, traders said. October closed 1.825 cents per pound lower at 54.925 cents and posted a fresh contract low of 54.700 cents. December ended […] Read more
India monsoon rains could be below average
MUMBAI, Sept 14 (Reuters) – Monsoon rains in India, the world’s second-biggest producer of rice and sugar, could be lighter than average this year in the absence of the La Nina weather pattern, two senior officials at the state-run weather department said on Wednesday. Rainfall in September could be up to 15 percent less than […] Read more
French wheat exports slashed by low volume, poor quality
PARIS, Sept 14 (Reuters) – Adverse weather that slashed the volume of France’s soft wheat harvest this year also hit its milling qualities, FranceAgriMer said on Wednesday, with average specific weight falling below the estimated minimum level to make flour. This could prevent the European Union’s traditional top wheat exporter to reach some of its […] Read more
U.S. takes China to WTO over export share, trade disputes
BEIJING, Sept 14 (Reuters) – On the surface, the timing of the United States’ audacious challenge to China’s price supports for its grain farmers looks odd. Farmers in the world’s second-biggest economy are currently harvesting their first corn crop in a decade that will not be priced by the government, after Beijing launched efforts to […] Read more
Bayer to buy Monsanto for $66 billion
Canola was often cited as an example of what a merged Bayer and Monsanto will look like as the companies announced Bayer’s US$66 billion purchase of Monsanto at a New York press conference this morning. Bringing the two farming inputs companies together as one larger entity is hoped to allow them to offer a full […] Read more
