Markets
CHICAGO, Nov 27 (Reuters) – Chicago Mercantile Exchange live cattle futures edged higher on Friday, capping their first weekly gain in five weeks as wintry weather across the central United States slowed the movement of cattle to market. Storms from New Mexico to Illinois that brought ice, snow and pounding rain caused flooding, killing at […] Read more
Markets
Cattle up for week on winter weather, first rise since October
Canola futures little changed over the week
Crop market movements on Friday were mostly sparked by currency changes as the U.S. dollar edged higher in light trade. January canola closed at $463.10 down 10 cents while March closed at $470.40, up 40 cents. Commercial hedging was a feature in the day’s trade. Over the week, January dipped $1.30 a tonne. Next Friday, […] Read more
Stocks, feed switching limit California hay price
Analyst Seth Hoyt says one question has been on the top of farmers’ minds lately: why are alfalfa hay prices falling in California when it is in the midst of its fourth consecutive year of drought. Growers recall a severe drought in Texas about five years ago that pushed top quality hay prices up to […] Read more
Canada may beat U.S. in wheat exports
Canada could export more wheat than the United States for the first time in decades. “I certainly think it’s possible,” said G3 weather and crop specialist Bruce Burnett. The U.S. Department of Agriculture forecasts all wheat exports of 21.8 million tonnes for the U.S. and 20 million tonnes for Canada. However, the U.S. is in […] Read more
Merger in data management
FarmLink Marketing Solutions and Farm at Hand are merging. “The merger made sense be-cause we had two great companies, the cultural fit is fantastic and we have the same vision for the future of the agriculture industry,” said Kim Keller, who co-founded Farm at Hand with Himanshu Singh. The two companies have worked together for […] Read more
Don’t let boredom spark urge to sell: analyst
Today’s weak crop prices make for a boring market with little incentive to sell, but farmers can still take steps to be ready when stronger prices return, say marketing professionals. “Make sure you know what you’ve got in your bins,” said Brenda Tjaden Lepp of FarmLink Marketing. “Maybe now is the time to get that […] Read more
Argentine president to cut export tax
LONDON, U.K. (Reuters) — U.S. soybean futures fell Nov. 23, weighed down by the election of a president in Argentina who has promised to cut crop export taxes and boost production in the South American farming powerhouse. Conservative candidate Mauricio Macri comfortably won Argentina’s presidential election Nov. 22 after promising business-friendly reforms to spur investment […] Read more
Food production goals attainable, but focus on water
How often have you heard or read that food production must increase by 60 percent by 2050 to keep up with rising population and income growth? It seems a daunting task, and this prediction from the United Nation’s Food and Agriculture Organization is constantly trotted out as the reason why agriculture and farmers must do […] Read more
WP livestock report
Hogs fall again U.S. hog supplies are ample, as they usually are this time of year, which pressed prices down again last week. Packer processing margins were good, encouraging them to slaughter more animals. However, slaughter will be down this week because of the U.S. Thanksgiving holiday. Iowa-southern Minnesota hogs delivered were US$38-39 per hundredweight […] 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 under pressure Extreme volatility in the Chicago cattle futures market and weak demand kept the […] Read more
