Markets
Falling crop prices this week indicate that the crop market is questioning its rallying trend when crop conditions in most of the world are good. As July gets closer, weather forecasts for the month get less speculative and they are turning out not as bad as some of the more alarmist analysts had thought. So […] Read more
Markets
It’s hard to worry when the weather has been great
WP livestock report
Pork prices rise Signs that pork shortages in China will lead to more pork exports from the United States are helping to lift hog futures. Rising domestic pork prices also supported hog values. The average slaughter weight of barrows and gilts in Iowa-Minnesota last week was 281.9 pounds, down 1.2 pounds from the week before, […] Read more
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 price lower The Chicago live cattle futures contract fell four percent last week and came close […] Read more
China exports key to North American hog sector profits
Chinese producers liquidated herds because of higher feed costs and now soaring pork prices are attracting imports
DES MOINES, Iowa — China watcher Dermot Hayes is betting on booming Chinese demand for imported pork, which should create good prices for hog farmers. Chinese government policies have created a production shortfall that the giant pork-eating nation can’t fill this year. “The market will be good this fall, that should stay around for a […] Read moreHogs tumble most since March on technical selloff
CHICAGO, June 22 (Reuters) – U.S. lean hog futures plummeted by 2 percent or more on Wednesday, notching their largest daily declines since March on technical selling and investment fund liquidation, traders and analysts said. Traders also were taking profits in hogs following their 1-1/2-year highs touched last week and ahead of a quarterly U.S. […] Read more
VIDEO: Canada’s agricultural markets update – June 22, 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:
A pleasant lack of porcine crisis at the World Pork Expo
A challenge I faced while down covering the World Pork Expo (WPX) in early June, and a continuing challenge I’ve had as I’ve been going through my notes, video and recordings since getting home, has been dealing with the lack of crisis within the industry. Often at the WPX there is a crisis consuming industry […] Read more
LIVESTOCK-Technical buying rallies CME live cattle futures
CHICAGO, June 21 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday reversed some of Monday’s losses, aided by short-covering and technical buying, traders said. Prior to Tuesday’s session, CME live cattle showed a Relative Strength Index (RSI) of 28. A reading below 30 suggests a market is technically oversold and subject to an […] Read more
Egypt PM signals end to wheat fungus saga, decree expected Wednesday
CAIRO/ABU DHABI, June 21 (Reuters) – Egypt’s prime minister said on Tuesday that authorities would allow wheat shipments with up to 0.05 percent levels of ergot fungus, potentially ending a months-long conflict over import requirements that has hamstrung the country’s ability to buy from abroad. A disagreement over the amount of ergot, a common grain […] Read more
West Europe set for big wheat crop but French worries persist
PARIS, June 21 (Reuters) – Western Europe remains on track for a big wheat crop this year but a rain-drenched spring in France has raised doubts about the overall size and quality of this summer’s harvest. The risk of damage from torrential rain has led analysts to cut expectations for France and Germany, the European […] Read more
