Markets
Farmers should have a good oats crop and the ability to move it over the winter, says the president of the Prairie Oat Growers Association. But the quality of the crop remains a mystery. “The big dark horse is quality. We know with dampness and heavy moisture that disease can be a problem,” said Art […] Read more
Markets
Plenty of oats but qualityup in the air
WP LIVESTOCK report
HOGS UNDER PRESSURE An adequate supply of market-ready hogs and falling pork prices kept U.S. cash hog prices under pressure. The U.S. national live price average for barrows and gilts was $54.31 per hundredweight July 22, down from $58.44 July 15. U.S. hogs averaged $69.41 on a carcass basis July 22, down from $72.58 July 15. […] Read more
Canfax report – July 28, 2016
Fed market falls Hopes that the summer market had bottomed out proved wrong as packers found it easy to pay less for ample market-ready cattle. A heat wave over much of the United States likely reduced beef demand for a few days. The cattle futures market continued to fall. In Canada, the Canfax fed steer […] Read more
IGC raises 2016/17 global wheat, corn forecasts
LONDON, July 28 (Reuters) – The International Grains Council on Thursday raised its forecasts for global corn production in the 2016/17 season, largely reflecting improved crop prospects in the United States. World corn (maize) production was upwardly revised to 1.017 billion tonnes, up from a previous projection of 1.003 billion and the prior season’s 968 […] Read more
Canada’s Maple Leaf Foods profit beats estimates
July 28 (Reuters) – Canadian meat processor Maple Leaf Foods reported a quarterly profit that squeezed past estimates as lower operating costs and increased pricing more than offset a fall in volumes in its meat products business. The company, whose brands include Schneiders and namesake Maple Leaf, recently completed a program started in 2010 to […] Read more
VIDEO: Canada’s agricultural markets update – July 27, 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:
LIVESTOCK – CME hog futures biggest one-day loss in seven months
CHICAGO, July 27 (Reuters) – Chicago Mercantile Exchange lean hogs on Wednesday slumped nearly 4 percent, their biggest daily decline since mid-December 2015, pressured by day’s steep wholesale pork price drop and further cash price weakness, traders said. August hogs finished 2.925 cents per lb lower at 71.675 cents. October ended 2.575 cents per lb […] Read more
Man. gov’t wants more cattle in province
Manitoba’s agriculture minister hasn’t officially set a goal for cattle herd expansion in the province, but he has an unofficial number in mind. In a brief speech at the Manitoba Beef and Forage Initiative research farm near Brookdale, Man., Ralph Eichler said the province could and should dramatically increase its cow herd. “I’d like to […] Read more
Manitoba releases latest crop report
SOUTHWEST Precipitation ranged from five to 80 millimetres. As well, there were strong winds, hail and a tornado south of Hartney. Sclerotinia and blackleg are beginning to appear in mostly lodged areas, while the majority of peas and lentils are showing disease. First cut hay is complete, and some alfalfa has been ensiled to retain […] Read more
Wheat export prospects brighten in Russia as harvest gathers pace
July 27 (Reuters) – Wheat export prospects have improved in Russia in recent weeks as favourable weather is keeping its projected record harvest on track with yields seen higher than a year ago, analysts and traders said. Russia, the world’s second largest wheat exporter after the European Union in 2015/16, has been widely expected to […] Read more
