Markets
Cow-calf operators will make a lot less money in 2016 than 2015, but they’ll still make good money. That was the message from analyst Jim Robb of the Livestock Marketing Information Center in a presentation at Manitoba Ag Days Jan. 20. “Very seldom do we cover our total economic cost of production in the cow-calf […] Read more
Markets
Profits to dip until 2019 rally: expert
Drought could boost durum
Durum prices could receive a lift if dry conditions persist in North Africa, says an analyst. There was little rain in large portions of the region between October and December. “Morocco has some serious problems,” said Drew Lerner, president of World Weather Inc. “They just have had a deplorable precipitation year.” It has also been […] Read more
Better logistics overseas pose threat to sales
The world is full of threats and opportunities for Canadian farmers, says a market analyst. Chuck Penner, analyst with LeftField Commodity Research, recently highlighted a few in key consuming and competing countries during a presentation at CropSphere in Saskatoon. Some of the biggest threats come in the form of logistics projects around the world. China […] Read more
Consider livestock price insurance to reduce risk
Beef cattle producers owe it to themselves and their industry to give the Western Livestock Price Insurance Program a chance. I heard at Manitoba Ag Days last week that farmers should not take the program for granted. It relies on some government funding from Growing Forward 2, as well as a government guarantee if 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 cattle lower The fed steer weighted average was $177.31, down $1.80, while heifers were $175, down […] Read more
WP livestock report
Hogs rise Hog prices rose as supplies tightened and pork values rose. The hog price rose faster than the cutout, so packer margins narrowed. The huge snowstorm in the eastern United States on the weekend affected hog deliveries and might temporarily slow pork consumption. The stock market’s partial recovery helped to steady livestock futures. Iowa-southern […] Read more
VIDEO: Canada’s agricultural markets update – Jan. 27, 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:
LIVESTOCK-Equities upswing pulls CME live cattle futures higher
CHICAGO, Jan 26 (Reuters) – Chicago Mercantile Exchange live cattle futures finished higher on Tuesday, with strength from the U.S. stock market rally that was partly fueled by the rebound in crude oil prices, traders said. February live cattle closed up 1.600 cents per lb to 133.025 cents, and April ended 1.175 cents higher at […] Read more
DuPont CEO sees “very little” to concern regulators in Dow merger
Jan 26 (Reuters) – DuPont Chief Executive Edward Breen said on Tuesday that there was “very little” to concern regulators about the company’s pending merger with Dow Chemical Co and that it was unlikely to have to make significant asset sales. Dupont and Dow plan to form a giant chemical and seed producer that would […] Read more
Canada aims to leapfrog U.S. in global wheat trade
WINNIPEG, Manitoba/CHICAGO, Jan 26 (Reuters) – Canada is aiming to supplant the United States as the Western Hemisphere’s dominant wheat exporter, as its invigorated grain-exporting sector cashes in on weakening currency and cheap freight rates. Canada overtook the United States in 2014/15 in wheat export volumes for the first time, exporting 24.1 million tonnes. It […] Read more
