Markets
Farm groups will continue to make the case for barrier-free trade as tariff spectre continues to loom
UPDATED: January 21, 2025 – 1310 CST – WINNIPEG — U.S. president Donald Trump didn’t impose 25 per cent tariffs on Canada and Mexico yesterday on his inauguration day, but said later in the day that he will likely do so by Feb. 1. The Canadian Cattle Association (CCA) issued a statement January 21 saying […] Read more
Markets
Smithfield’s IPO now public
REUTERS — Pork producer Smithfield Foods has made public its paperwork for an initial public offering in the United States. The U.S. IPO market rebounded last year as stronger equity markets and strengthening bets of a soft landing for the economy encouraged companies to list their shares. Analysts and banking executives expect 2025 to be […] Read more
Crop Production Show 2025: Mustard market outlook ‘disappointing’
The two biggest headwinds facing the Canadian mustard market right now are bigger supplies and weaker demand, market analyst Chuck Penner said at the Sask Mustard annual general meeting held today in Saskatoon. “It is really disappointing.” Production of brown and Oriental mustard was down, Penner said, while that of yellow mustard was up about […] Read more
USDA’s WASDE report bullish for corn and soybeans
Changes in the department’s production estimates for corn were the most dramatic of the three major commodities
The U.S. Department of Agriculture WASDE report released Jan. 10 was bullish for corn and soybeans while wheat was neutral. Bullish soybean estimates from the USDA will provide support for Canadian canola markets, while the bullish corn numbers should provide support for the entire grains complex. The report was not positive for wheat with U.S. […] Read more
Feedlot margins boost feeder cattle market
Feedlots are expected to bid up the price of feeder cattle so that margins in the deferred positions cover variable costs
Glacier FarmMedia – For the week ending Jan. 11, western Canadian feeder cattle prices were up $15-$20 per hundredweight compared to the week ending Dec. 21. In eastern Saskatchewan and Manitoba, quality packages of steers 800 pounds and heavier traded $20-$25 per cwt. higher compared to three weeks earlier. Alberta packers were buying fed cattle […] Read more
Crop markets follow weather, tariffs, currency fluctuations
Crop markets in early 2025 will likely be subdued as production prospects in South America appear good and the outlook for global trade is on edge, fearing U.S. president-elect Donald Trump’s threats about levying harsh tariffs and a potential renewed trade war with China. In the Southern Hemisphere, Australia has mostly completed its harvest with […] Read more
Supplies tighten for phosphate, urea
ST. JEAN, Man — When compared to grain prices, phosphate fertilizer is expensive right now in North America. That dynamic isn’t going to change anytime soon because inventories are down in the United States and imports of phosphate are almost non-existent, says a Nutrien rep. “Phosphate does have a lot of challenges in 2025,” said […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattle 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 prices rise Fed steer and heifer prices started the new year on a strong note. […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available Jan. 10 or Jan. 3. U.S. hogs averaged $79 on a carcass basis Jan. 10, down from $79.59 Jan. 3. The U.S. pork cutout was $91.36 per hundredweight Jan. 10, down from $89.54 Jan. 3. The estimated U.S. weekly slaughter to […] Read more
Unifor’s Canadian Pacific Kansas City members vote to authorize strike
REUTERS — Unifor said today its members at Canadian Pacific Kansas City had voted in favour of a strike action if the parties fail to reach an agreement by Jan. 29. The union, which represents about 1,200 workers at CPKC, said 99 per cent of its members voted to authorize a strike. CPKC did not […] Read more
