Markets
HOGS STEADY U.S. hog cash prices outperformed pork prices, cutting into processor margins, but they remained profitable. Wintery weather in the Midwest disrupted hog transportation. The stronger Canadian dollar pressured local prices lower. Iowa-southern Minnesota hogs delivered were US$46.50-$48.50 per hundredweight Feb 26, steady with $46.50-$48.50 Feb 19. U.S. hogs averaged $62.22 on a carcass […] Read more
Markets
WP livestock report
Australian agriculture output might rise as El Nino departs
SYDNEY, Australia (Reuters) — Australia’s agriculture production is set to rebound as the strongest El Nino in nearly 20 years subsides, according to the country’s chief commodity forecaster. Production of staples such as wheat, cotton and milk are all set to rise during the 2016-17 season, the Australian Bureau of Agriculture, Resource Economics and Rural […] Read more
Canada poised to be big exporter to UAE
Freelance writer Delaney Seiferling filed this report from Gulfood, the world’s largest annual food show held in Dubai. For a related story, see page 84.
Arab & India Spices, a United Arab Emirates company that imports and processes commodities, recently celebrated its 30th anniversary on a rooftop overlooking the bright lights of Dubai’s skyline. The company has become Dubai’s largest pulse processor with a capacity of more than 15,000 tonnes a month. It is also the biggest importer of Canadian […] Read moreCash market favoured over futures
Farmers, oat buyers and grain companies have quietly developed a vibrant prairie cash market as they mostly abandoned the Chicago oats futures contract and its problems. It’s a far different market than farmers had five years ago, but not necessarily a worse one. “The cash does reflect the demand,” said Prairie Oat Growers Association president […] 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 weak There was not enough cash trade to establish a trend, but the market was […] Read more
Watch for wild cards when hedging market risks
Here’s a good example of how a professional risk management specialist looks into a key window. It’s a way to see the mental mathematics you need to be master of if you want to adequately address your market risk in any commodity. Set-up The fourth quarter of each year brings unique risk in hog markets. […] Read more
New crop durum prices likely to fall
Durum is fetching a healthy premium over spring wheat, but the premium is about to narrow, according to two experts. “Don’t store your durum into the new crop year because you’re going to get a lower price once we get into new crop,” said Jerry Klassen, manager of the Canadian office of Swiss-based GAP SA […] Read more
Exports eat through wheat, canola stocks
The weak loonie is considered to be the main reason for the brisk movement of canola to overseas markets
Canadian farmers are moving their crops at a breakneck pace, blowing past the rate of recent years. Producers delivered almost 10 million tonnes of wheat, excluding durum, between Aug. 1 and Jan. 31, according to the Canadian Grain Commission. Wheat exports were listed at 8.3 million tonnes in the same period, up from 8.1 million […] Read moreAg troubles to keep India as major Canadian pulse exporter
Freelance writer Delaney Seiferling attended a major international pulse meeting in Japipur, India, and filed this report JAPIPUR, India — Canadian pulse exports to India have increased over the past two years because of a decline in the Asian country’s domestic production. India had taken 53 percent of Canada’s red lentil exports and 25 percent […] 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 lower The week’s cash offering was too small to establish price trends, but the general […] Read more
