Markets
Hogs edge higher Hog prices edged higher supported by a strong slaughter pace in the United States. Iowa-southern Minnesota hogs delivered were US$40.50 per hundredweight Dec. 4, up from $39-$39.50 Nov 27. U.S. hogs averaged $51.92 on a carcass basis Dec. 4, down from $50.72 Nov. 25. The U.S. pork cutout was $73.73 per cwt. […] Read more
Markets
WP livestock report
VIDEO: Canada’s agricultural markets update – December 9, 2015
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: The […] Read more
World oil glut to continue weighing down all commodities
Saudi Arabia has thrown down the gauntlet, challenging world oil producers to see who can suffer the most pain. On Dec. 4, the Saudis, who dominate the Organization of Petroleum Exporting Countries, said the organization wouldn’t back down. Members will continue to pump surplus oil, driving down prices to the lowest level since early 2009 […] Read more
Don’t hurry to sell oats or wheat, advises analyst
MOOSE JAW, Sask. — Farmers with oats to sell should hold off for now, advises analyst Brenda Tjaden Lepp of FarmLink Solutions. It’s not a good time of year to sell any cereals, she said in an interview at the Prairie Oat Growers Association annual conference. “As a general rule of thumb, with the exception […] Read more
Corn dips on USDA report increasing US corn year end stocks
By Mark Weinraub WASHINGTON, Dec 9 (Reuters) – The U.S. Department of Agriculture on Wednesday increased its outlook for Year end US corn supplies by 25 million bushels, more than analysts were expecting, due to weakening export demand. U.S. year end stocks of soybeans and wheat were left unchanged, the government said in its monthly […] Read more
Meat labeling news weighs on CME live cattle, hog futures
CHICAGO, Dec 7 (Reuters) – Chicago Mercantile Exchange live cattle futures fell on Monday, partly led by the World Trade Organization’s (WTO) ruling against the United States in a meat-labeling dispute, said traders. Canada and Mexico may impose tariffs worth $1 billion onto U.S.-traded products, a WTO panel ruled on Monday, as the countries prepared […] Read more
Palm crop problems lend support to oilseed prices
Global palm oil production might not rise this year, breaking a 17-year trend of higher production. Palm production is stressed by dry weather caused by the El Nino and smoke haze coming from massive forest fires in Indonesia. The last time palm production failed to increase was in 1997-98 when a severe and extended El […] Read more
StatsCan releases December crop production survey
online exclusive crop survey Turn to our website, producer.com, on Dec. 4 for coverage of Statistics Canada’s crop production survey. Most of the trade expects the canola crop estimate will rise to a number that begins with 15, an increase of a million tonnes or more above Statistics Canada’s September forecast of 14.3 million. But […] Read more
Record cattle prices are over: now what?
ROCKY MOUNTAIN HOUSE, Alta. — Canadian cow-calf producers can expect profitability to continue for a couple more years, but 2015 was probably the peak of the market in the current cattle cycle. Canada enjoyed a longer stretch of record high prices than the United States, which probably saw its peak last year, said market analyst […] Read more
Russia’s winter grain in better condition
MOSCOW, Russia (Reuters) — Russia’s winter grains are in a better condition than last year, said Anna Strashnaya, head of the agricultural department at state weather forecaster Hydrometcentre. However, Ukraine’s winter crops are suffering. Russia harvested more than 102 million tonnes of grains in 2015, and officials have yet to issue their estimate for the […] Read more
