Markets
Fed cattle firm The Canfax weekly fed steer weighted average price was $172.49 per hundredweight, and heifers were $170.47. The World Health Organization’s warning about a link between meat consumption and cancer did not affect prices. Fed prices have rallied $12 from the lows a few weeks ago, thanks to a rebound in Chicago cattle […] Read more
Markets
Canfax report
WP livestock report
Hogs fall Sharply lower pork prices pressured cash hog prices lower. Pork is under pressure as pork month in the United States wraps up and we enter the gap before holiday ham demand increases. Hogs were also pressured by ample supply and the usual seasonal trend toward weaker prices in the fourth quarter. Iowa-southern Minnesota […] Read more
India boosts pulse support price to increase seeding
Nov. 5 (Reuters) – India has raised the support price of chickpea, the main pulse, by 7.9 percent to 3,425 rupees per 100 kilograms to stimulate more seeded acres for the winter crop. On top of that, the government has added a further 75 rupee per 100 kilogam bonus, raising the chickpea support price to […] Read more
Canada not in expansion mode
STRATHMORE, Alta. — Canadian beef producers face a big decision: expand the herd or take the money and run. The Canadian cow herd has shrunk by 31 percent since 2005. Record prices and profits in the last 18 months should have signalled that it is time to turn things around, but not much is happening, […] Read more
Defaults on flax may spark oversupply
Chinese flax importers are defaulting on shipments, which will result in higher carryout and lower prices, says an exporter. “The buyers aren’t just defaulting on the small guys or the medium guys like myself, they’re defaulting on all the majors, so it’s not a good situation,” said Kevin Price, senior manager with Agrocorp International. He […] Read more
Pulse exports set blistering pace
Pulse crop exports are exceeding last year’s record pace, which has buyers already locking up next year’s crop. Bulk shipments of peas were 1.14 million tonnes through Oct. 23, week 12 of the 2015-16 crop year, which is 16 percent ahead of last year. Bulk lentil shipments were 292,300 tonnes, almost double last year’s pace […] Read more
VIDEO: Canada’s agricultural markets update – November 4, 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: Pulse […] Read more
Canola holds its own in slow market
Wheat, corn and soybeans fell Monday, but canola fought a rearguard action and managed to withdraw gracefully under the fire. Even for the crops falling, though, it was more of a skirmish than a battle, with nothing of significance appearing to occur in the Monday session. “Soybean markets were sluggish but canola held up pretty […] Read more
Canadian malt exports look to exceed last year: market watcher
WINNIPEG — This year’s barley crop in Canada appears to have exceeded early expectations. Despite chitting and sprouting in some of the later seeded crops, much of the barley looks better than last year’s crop, according to an industry watcher. “The crop will also be bigger than last year,” said Rod Green of Central Ag […] Read more
Global markets: Canadian economy grows for third month
WINNIPEG — The following is a glance at the news moving markets globally. Canadian economy grows for third month in a row Canada’s economy grew 0.1 percent in August for the third consecutive month, Statistics Canada said in a report today. In June, the economy rose 0.4 per cent, compared with 0.3 in July. Exxon […] Read more
