Markets
Uncertainty around when farmers will liquidate their stocks could result in choppy grain prices this summer
CHICAGO (Reuters) — South Dakota farmer Eric Kroupa received a flurry of calls from grain dealers and ethanol plants asking to buy the corn locked away in his bins when prices neared 4-1/2-month peaks last month. He sold some, but is waiting for buyers to up their bids to sell more. Prices have since eased […] Read more
Markets
USDA reports provide mixed signals for wheat market
The USDA released its monthly crop production and World Agricultural Supply and Demand Estimates (WASDE) reports last week, which provided mixed messages for the wheat market. The U.S. crop production report increased winter wheat output by 1.3 per cent from the May estimate. This was viewed by the markets as bearish for wheat futures, especially […] Read more
VIDEO: Consulates build the bridges for trade with the U.S.
To say that federal Agriculture and Agri-Food Minister Lawrence MacAulay received a warm welcome when he visited the World Pork Expo and the Midwest would be an understatement. At the giant pig farming show and in the Iowa capital of Des Moines, he was able to meet with heads of America’s main hog farming and […] Read more
U.S. farm groups sue EPA over vehicle emissions
Canada has committed to a goal in which all new vehicle sales in the country will be zero emission by 2035
WINNIPEG — U.S. farm groups are suing the Environmental Protection Agency, claiming its policy on electric vehicles picks “one tool for fighting climate change over others.” On June 13 the American Farm Bureau Federation, the National Corn Growers Association, the American Petroleum Institute and a group of car dealers filed a lawsuit in the D.C. […] Read more
Canada struggles in Korean beef market
WINNIPEG — South Korea is the most important market for American beef. In 2022, the U.S. exported US$2.7 billion worth of beef to Korea, according to data from the U.S. Meat Export Federation. That figure was $2.1 billion in 2023. In both years, U.S. exports to South Korea exceeded American beef sales to Japan. Canada […] Read more
U.S. still biggest customer
WINNIPEG – In 2012, Canada was highly dependent on the United States for beef exports. About 73 percent of Canada’s beef and cattle, by volume, were shipped to America that year. Fast forward a decade and little has changed. In 2023, 75 percent of Canada’s beef was exported to the U.S. The consistency in volume […] Read more
Canfax report
Fed market softens Alberta fed steers and heifers both traded softer compared to the previous week, averaging $263.75 and $262.64 per hundredweight, respectively. Dressed sales were reported at $433-$440/cwt delivered. Packer competition was moderate with one packer not buying. The Alberta cash-to-futures basis weakened $4.38/cwt at $11.19/cwt. This is the second strongest basis for the […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts June 14 was $66.11. It was $66.44 on June 7. U.S. hogs average was $87.61 on a carcass basis June 14, up from $85.98 on June 7. The U.S. pork cutout was $ 101.35 per hundredweight June 14, up from $100.91 on June 7. […] Read more
Alternative protein industry eyes new horizons
Processors join forces as they look for ways to use fewer resources during production to overcome climate challenges
Glacier FarmMedia – Satisfying customers and reducing biodiversity loss, water consumption and greenhouse gas emissions are all top priorities for today’s alternative protein industry. That’s what attendees heard during the “Feeding the Future with Alternative Proteins” online event hosted by Manitoba Agriculture May 23. Speakers delved into global trends in the sector and dissected experiences, […] Read more
Millet research a step towards more acres
New research at Agriculture and Agri-Food Canada and the Canadian Light Source at the University of Saskatchewan shows millet has promise for Saskatchewan farmers. The crop is nutritionally dense and resilient in dry conditions. Raju Soolanayakanahally of AAFC and his colleagues discovered how and where millet stores nutrients. “Millets will give us nutritional security, and these […] Read more
