Markets
Canola growers in North Dakota are more enthused about the crop these days, thanks to strong yields over the last few years. Many farmers are now getting yields of 40 bushels per acre and higher, so the positive vibe around canola should increase acres this spring, said Barry Coleman, executive director of the Northern Canola […] Read more
Markets
Durum acres rebound in North Dakota after years of soggy springs
Durum acres are slowly returning to normal levels in North Dakota after several years of excess moisture and drowned out crops. Producers in the state are expected to plant 1.2 million acres of durum, up from 1.09 million last year and 840,000 acres in 2014. “Since 2011, our acreage has been below normal. That’s primarily […] Read more
More cattle in U.S. feedlots in April than expected
Feedlots are still losing money, but lower prices for calves are allowing them to buy more and shore up sagging profits
CHICAGO, Ill. (Reuters) — The number of cattle placed into U.S. feedlots in April jumped seven percent from a year earlier, according to a government report May 20. The number far exceeded most analysts’ forecasts. Analysts said feedlots were still operating at a loss, but lower prices for young calves allowed feedlots to buy more […] Read moreSoy price jump likely to boost U.S. soybean, corn acres
CHICAGO, Ill. (Reuters) — Rallying prices for soybeans are likely to encourage U.S. farmers to plant more of the oilseed this spring and could turn expected losses into profit. They may also prompt growers to devote more acreage to corn. Big gains in soybean acreage stemming from a spring price rally have historically gone hand […] Read more
China’s soaring pork imports offset Russian embargo
Canadian pork exporters are still feeling the effects of Russia’s embargo on Canadian food. Fortunately, China is increasing pork imports, helping offset the pain of the embargo. Canada, the United States and the European Union imposed economic sanctions against Russia when it became involved in the civil conflict in Ukraine in 2014 by invading and […] 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 cattle up Cattle prices continued to recover with the Canfax weighted average steer price at $161.85 […] Read more
WP livestock report
Hogs edge higher Retailers stocked up on pork ahead of the May long weekends in the United States and Canada. Processors might trim kill to support their margins now that holiday needs are met. The U.S. national live price average for barrows and gilts was $58.06 per hundredweight May 20, up from $56.34 May 13. U.S. […] Read more
VIDEO: Canada’s agricultural markets update – May 25, 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:
Weak cash price outlook limits CME live cattle advances
CHICAGO, May 25 (Reuters) – Chicago Mercantile Exchange live cattle futures gained on Wednesday, helped by short-covering and bargain hunting after recent market losses, traders said. But expectations of softer market-ready, or cash, cattle prices by Friday, and subsequent increased supplies, tempered market advances, traders said. “Futures is an anticipatory market. It is already anticipating […] Read more
LIVESTOCK-Cash price outlook extends CME live cattle futures losses
CHICAGO, May 24 (Reuters) – Chicago Mercantile Exchange live cattle futures slumped for a second straight session on Tuesday, pressured by follow-through selling and potentially softer cash prices later this week, traders said. June live cattle closed down 0.150 cent per lb at 118.000 cents, and August ended 1.275 cents lower at 113.175 cents. Futures […] Read more
