Markets
Hogs The U.S. national live price average for barrows and gilts was not available Sept. 2. It was $48.14 on Aug. 26. U.S. hogs averaged $58.21 on a carcass basis Sept. 2, lower from $60.68 Aug 26. The U.S. pork cutout was $77.61 per cwt. Sept. 2, higher from $76.39 Aug. 26. The estimated U.S. […] 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 The Canfax weekly weighted average for fed steers and heifers was not available. Local sale […] Read more
Late season rain wreaks havoc with crop quality
All of a sudden it seems like “Game on!” for new crop marketing. Instead of a clogged grain handling system glutted with mountains of good wheat, oceans of canola and piles of beautiful lentils, it now looks like farmers and the industry will be moving a far more variegated crop and there will be many […] Read more
Large old crop Canadian canola stocks raise new crop questions
Winnipeg, Sept. 7 (CNS Canada) – Canada grew a million more tonnes of canola in 2015/16 than originally reported, according to updated numbers from Statistics Canada released in connection with the Stocks of Principal Field Crops as of July 31 report on September 7. The unexpected revision to the old crop production now has many […] Read more
Bargain buying rallies CME live cattle, hog futures
CHICAGO, Sept 7 (Reuters) – Chicago Mercantile Exchange live cattle futures on Wednesday posted their biggest daily gain in a month, fueled by short-covering and bargain buying after recent market losses, traders said. October live cattle ended 2.400 cents per pound higher at 102.425 cents, and December up 2.275 cents at 104.200 cents. Investors may […] Read more
CBOT Weekly Outlook: Corn, soybean rallies short-lived
WINNIPEG, September 7 (CNS Canada) – Corn and soybean futures at the Chicago Board of Trade both recorded gains during the week ended September 7. Prices were pushed higher as traders prepared for the subcontracts to come off the board next week, however gains are expected to be short-lived, said one analyst. “I think we’re […] Read more
Quality Canadian durum may be in short supply
Winnipeg, Sept. 7 (CNS Canada) – Quality issues with the Canadian durum crop currently being harvested should see the price spreads between the top and low end grain widen considerably, especially as the carry-out from the previous year is also poor quality. Canadian durum stocks, as of July 31, 2016, were pegged at 1.1 million […] Read more
Canadian wheat stocks seen smallest ever, canola pile shrinks
WINNIPEG (Reuters) — Canada’s wheat stockpile shrank to its smallest mid-summer level on record and canola supplies also fell sharply compared to last year, a Reuters trade survey estimated ahead of a government crop report. Bumper crops are expected to replenish supplies this autumn, however, in the world’s No. 6 wheat producer and biggest canola […] Read more
ICE Canada weekly outlook: Stocks add softer undertone to market
Winnipeg, September 7 (CNS Canada) – A stocks report from Statistics Canada has changed the dynamic of the canola market, one analyst says, though prices are not expected to plummet. Statistics Canada estimates canola stocks at 2.016 million metric tonnes as of July 31, 2016. The government agency also upwardly revised year-ago production numbers. “It […] Read more
Corn yields above average, soy pod counts low in southwest Iowa-tour
STANTON, Iowa, (Reuters) — The corn crop in southwestern Iowa showed above average yield potential, but lagged behind the U.S. government’s record projection for the country’s top corn-producing state, scouts on an annual tour found Sept. 1. Soybean crop potential in the area was below average, although recent rains may boost prospects ahead of the […] Read more
