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 price falls The weighted average fed steer price was $156.39 per hundredweight, down $4.45, and heifers […] Read more
Markets
Canfax report
WP livestock report
Hogs rise Chicago hog futures rose to a two-year high as investors bet that record high pork prices in China would cause it to import more pork from the United States. Live prices also rose with the U.S. national average for barrows and gilts at US$59.14 per hundredweight June 10, up from $57.20 June 3. U.S. […] Read more
VIDEO: Canada’s agricultural markets update – June 15, 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:
Most CME live cattle futures rise on short-covering
CHICAGO, June 14 (Reuters) – Chicago Mercantile Exchange live cattle futures closed mostly higher on Tuesday, driven by short-covering after contracts settled down their 3.000-cents per lb daily price limit on Monday, traders said. CME’s live cattle futures will return to the normal 3.000-cents limit on Wednesday after failing to settle at the expanded limit […] Read more
Cattle plummets on surging feed costs, demand worries
CHICAGO, June 13 (Reuters) – U.S. live and feeder cattle futures each plummeted by their daily trading limits on Monday, declining in a technical selloff triggered in part by rising animal feed prices, traders and analysts said. Losses in feeder cattle of roughly 3 percent outpaced declines in the more actively traded live cattle futures […] Read more
Canola shows signs of strength, but nothing firm
Canola futures prices crawled a bit higher Monday, keeping with a general trend that has governed the crop for a month. “We’ve been grinding higher and pushing up against resistance on the July (contract),” said Jon Driedger, analyst with FarmLink Marketing. After the heady March to mid-May rally, canola prices have been bouncing around, repeatedly […] Read more
Canola futures unphased by USDA report on soybean stocks
Canola futures remained steady today, in spite of data from the U.S. Department of Agriculture on tightening soybeans stocks. The July canola contract in Winnipeg closed the day at $523.50 per tonne, up $1. New crop canola fell 60 cents per tonne and closed at $525.50. On the week, canola gained about $9 per tonne. […] Read more
Fund liquidation sinks CME live cattle futures
CHICAGO, June 10 (Reuters) – Chicago Mercantile Exchange live cattle futures closed lower on Friday, hit by fund selling and caution while awaiting market-ready, or cash, cattle prices by day’s end, said traders. June live cattle closed down 0.750 cent per lb to 122.450 cents, after drifting below the 100-day moving average of 122.71 cents. […] Read more
Wisps of smoke but few fires at the 2016 World Pork Expo
Like the fragrant BBQ smoke that drifts across and through the Iowa State Fairgrounds every year at this time, some theme or set of themes always seems to set an underlying tone to the World Pork Expo. Sometimes it seems thrust into your face and impossible to not recognize. That was the case when Porcine […] Read more
Analysts’ forecasts differ on peas
China’s purchase of an additional 50,000 tonnes of green peas has brought down the large Canadian carryover
Sean Pratt reports from the Global Pulse Convention in Cesme, Turkey, about what is driving pulse markets CESME, Turkey — The trade is divided on whether it is bullish or bearish on peas despite forecasts for a sizable increase in world production. Stat Publishing forecasts 12.7 million tonnes of global production in 2016, up 2.3 […] Read more
