Markets
Hogs The U.S. national live price average for barrows and gilts on August 2 was $63.39. It was $64.15on July 26. U.S. hogs averaged was $84.07 on a carcass basis August 2, down from $82.13 on July 26. The U.S. pork cutout was $104.31 per Hundredweight August 2, down from $105.17 on July 26. The […] Read more
Markets
WP livestock report
VIDEO: ‘Outside markets’ weigh on ag prices
Interest rates, crude oil prices, investment flows and global trade disruptions can influence crop and livestock markets
When broker David Derwin heard Donald Trump twice invoke “drill baby, drill” in his acceptance speech at the Republican national convention, he worried about what that might mean for western Canadian farmers. “Given the growing influence of oil on renewable fuels and therefore oilseeds, ‘drill, baby, drill’ is not supportive of canola,” said Derwin, a […] Read moreUrea prices expected to increase in Canada
Reduced supply from Egypt and China and increased demand in the U.S. and Brazil change market dynamics this summer
WINNIPEG — The June and July period is normally a quiet time in the global market for urea. In most years, North American farmers are done buying for the growing season and Brazilian buyers usually wait until September to make urea purchases for the safrinha corn crop. However, it wasn’t a quiet time this year. […] Read moreOilseed crush, grain deliveries up this year
The amount of Canadian oilseed crushed and grain delivered saw slight increases compared to the previous year, according to Statistics Canada. Domestic producers crushed 861,671 tonnes of oilseeds in June, more than the 821,292 crushed in June 2023. The June canola crush was reported to be 776,354 tonnes, with 334,909 used for oil and 447,433 […] Read more
Japan’s low yen boosts Canadian pork exports
Canada’s sales to the Asian country have seen a major jump this year as its currency struggles against the U.S. dollar
WINNIPEG — Thanks to a currency advantage, Canada’s pork exports to Japan have exploded in 2024. In the first five months of the year, Japan imported $625 million worth of pork from Canada. That’s up from $358 million in sales during the same period in 2023, which means exports have jumped 75 per cent in […] Read moreLivestock Report
HOGS The U.S. national live price average for barrows and gilts was $64.15 July 26. It was 65.30 July 19. U.S. hogs averaged $82.13 on a carcass basis July 26, down from $82.42 July 19. The U.S. pork cutout was $105.17per hundredweight July 26, down from $102.16 July 19. The estimated U.S. weekly slaughter to […] Read more
Canfax Report
Fed cattle steady Fed cattle prices have been steady over the last two weeks after reaching an all-time high in early June. Last week, Alberta fed steers and heifers averaged $256.79 and $257.42 per hundredweight, respectively. Dressed sales have remained steady at $428 per cwt. delivered for the last four weeks. While buying interest was […] Read more
Heat takes toll on crops
SASKATOON — A prolonged hot and dry spell has withered notions of a Prairie-wide bumper crop. Brian Allison, who runs a mixed farming operation near Red Deer, Alta., said the growing season started out full of promise. His farm received more than 89 millimetres of rain in May. “We had really good moisture for germination,” […] Read more
U.S. expects big spring wheat crop
SASKATOON — Canadian spring wheat growers can expect stiff competition from south of the border this year. Scouts on the Wheat Quality Council’s 2024 Hard Spring and Durum Wheat Tour believe a bumper crop is on the way in the United States. They are forecasting an average yield of 54.5 bushels per acre in North […] Read more
Strong EU canola demand expected
SASKATOON — European Union canola demand should be robust this year, according to an Australian analyst. That is due in part to a poor domestic harvest, Dennis Voznesenski, agricultural economist with the Commonwealth Bank of Australia, said in a recent weekly alert and podcast. He noted that Oil World has dropped its 2024 EU canola […] Read more
