Markets
SMITH CENTER, Kansas (Reuters) — In a tiny town surrounded by miles of rippling wheat fields, Brady Peterson’s restaurant sits nearly empty during what should be a Saturday lunch rush. Normally, Pete’s would be filled with farmers ordering fried chicken and cheeseburgers, but as farm income thins, so does Peterson’s business. Sluggish sales have slashed […] Read more
Markets
Palm oil prices cool
SASKATOON — Canada’s canola growers should not expect much price support from palm oil in 2024-25. Regina Koh, market reporter for Fastmarkets, anticipates a modest improvement in global palm oil production this year, but the same can’t be said for the other side of the ledger. Related stories: “There is no strong demand catalyst to […] Read more
N. American cow herd unlikely to grow this year
U.S. and Canadian producers still not retaining heifers, which is a key signal for determining where herd size is headed
SWIFT CURRENT, Sask. — The Canadian and American cow herds continue to shrink while demand is met by heavier finished weights, said market analyst Anne Wasko. She said producers will watch for signals to retain heifers, but those aren’t in place yet, even with better moisture conditions. The U.S. cow herd as of Jan. 1 […] Read more
Can the grain system cope if everybody gets a good crop?
How’s your soil moisture? What happens if most farmers across Western Canada get decent weather this summer? How big a crop could we get? Those questions need to be pondered now that the majority of farmers across the West have received good moisture and seem to be off to a great start. We haven’t needed […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts June 21 was not available. It was $66.11 June 14. U.S. hogs averaged $86.04 on a carcass basis June 21, down from $87.61 June 14. The U.S. pork cutout was $99.03 per hundredweight June 21, down from $101.35 June 14. The estimated U.S. weekly […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattle 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 price peaks Fed cattle prices may have peaked. Fed cattle prices have moved lower for two […] Read more
EU tariffs on Russian flax may open markets for Canada
SASKATOON — Canada’s flax exporters are closely monitoring the European Union market this year. “It’s going to be very interesting to see what happens now with the EU imposing tariffs on Russia,” said Tyson Fehr, procurement and marketing manager with Prairie Premium Products Inc., a flax processor in Portage la Prairie, Man. Related stories: Russia […] Read more
Looming meal glut may hinder crusher growth
Oilseed crushers and renewable diesel processors that want to expand wonder how they will market the additional meal
SASKATOON — The United States will soon have a glut of soybean meal that could limit crush expansion and renewable diesel production in that country. Canada’s canola sector will be wrestling with the same issue, but the consequences will not be as dire, says an industry official. Related stories: The U.S. exported a record 14.52 […] Read more
Turkish durum not expected to be as disruptive this year
The country blindsided the market with large exports last year, but analysts say global traders are more prepared now
SASKATOON — Durum markets are waiting with bated breath to see how big of a crop Türkiye produces. The Turkish Flour Industrialists Federation is forecasting 20 million tonnes of total wheat production, down two million tonnes from last year. Related stories: That total includes durum, but there is no breakdown by class. Rossella Polito, an […] Read more
Canadian barley has opportunity in China
SASKATOON — Canadian barley growers might have a window of opportunity to regain some lost market share in China, says an analyst. The U.S. Department of Agriculture is forecasting that Australia will export six million tonnes of the cereal crop in 2024-25. That is down from seven million tonnes last year and more than eight […] Read more
