Markets
SINGAPORE (Reuters) — Several Asian traders and end users will be forced to pay sharply more for soymeal after being wrong-footed by an almost 40 percent surge in prices in less than a month. Crop-damaging rains in major soybean grower Argentina and a drop in potential U.S. plantings began pushing prices higher in early April, […] Read more
Markets
Pricey protein: Asian feedlots caught short by soymeal rally
Food labels create costly confusion
Producers and marketers see labelling and branding as key ways to build markets — for their own products. However, labelling mayhem is creating real market problems for farmers and anyone else who produces a bulk commodity. Acts of market disruption can help specific companies or producers, but it’s a bad thing for everybody else when […] Read more
Wild ride for vegetable oils
Soybean oil prices that had fully recovered from a crash in 2015 have started to slide again in recent weeks. The downturn began in the summer of 2015 when prices fell from US35 cents a pound to a low of nearly 27 cents by September, a 23 percent drop. Jack Scoville, vice-president of the Price […] Read more
China’s change sees little immediate impact
The end of price supports will send acreage plummeting, but the government’s stockpile is estimated to last for years
Fred Gale is still trying to figure out how China’s new corn policy will affect grain markets, but his initial thought is that it won’t. China announced in March that it is ending its corn price support and procurement program for the country’s northeast region. That region accounts for 40 percent of production for the […] Read moreIndia expects monsoon soon
MUMBAI, India (Reuters) — Monsoon rains are expected to arrive on India’s southern Kerala coast by June 7, about a week later than usual, the country’s weather office said May 15. The delay is not expected to affect seeding. Rains are expected to make rapid progress after their arrival. Laxman Singh Rathore, chief of the […] 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 market bounces back Alberta fed cash prices stabilized from the previous week’s sharp decline, but volume […] Read more
WP livestock report
Hogs rise U.S. cash hog prices rose as packers maintained a strong slaughter pace on good profit margins. Pork prices rose. Hog deliveries slowed because of the rapid pace of seeding in the U.S. Midwest. Iowa-southern Minnesota hogs delivered were US$56 per hundredweight May 13, up from $50-$53.50 May 5. U.S. hogs averaged $73.53 May […] Read more
Soy price jump likely to boost U.S. plantings of both soybeans, corn
CHICAGO, May 19 (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 additional acreage to corn. Historically, big gains in soybean acreage stemming from a spring price rally have gone […] Read more
Canada approves GMO salmon as food, livestock feed
OTTAWA, May 19 (Reuters) – Canadian health officials said on Thursday they have approved a type of genetically modified salmon as safe to eat, clearing the way for it to be sold in the country. The salmon was approved in the United States to be farmed for human consumption last year but has since been […] Read more
Dry weather, firm prices induce early Brazil winter corn harvest
IPIRANGA DO NORTE, Brazil, May 19 (Reuters) – Producers in isolated parts of Brazil’s main grain state of Mato Grosso started harvesting the winter corn crop earlier than expected to take advantage of near record prices, as the drought that has curtailed yields also accelerated the crop’s maturation. Reports of winter corn harvesting are still […] Read more
