Markets
Most farmers were able to make money on market hogs in the first few months of 2024, but prices have weakened
DES MOINES, Iowa — It’s better than losing a lot of money, but hog producers are facing razor-thin profitability for the remainder of 2024, say two leading hog market analysts. “I don’t see us as much better than break-even,” said Steve Meyer, who gave a number of hog market outlooks at the World Pork Expo, […] Read more
Markets
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. Healthy fed market Fed cattle prices have averaged more than $260 per hundredweight for the past three […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts June 7 was $66.44. The price was not available for May 31. U.S. hogs averaged $85.98 on a carcass basis June 7, down from $86.90 on May 31. The U.S. pork cutout was $100.91 per cwt June 7, down from $103.25 on May 31. […] Read more
China backs ‘green’ jet fuel
SINGAPORE (Reuters) — Biofuel firms are pouring more than $1 billion into building China’s first plants to turn waste cooking oil into aviation fuel for export and to meet domestic demand once Beijing mandates the fuel’s use on airplanes to cut emissions. China, which is he world’s second-largest aviation market with about 11 per cent […] Read more
U.S. crops off to good start, but will it last?
SASKATOON — Grain crops are off to a nice start in one of the major exporting regions of the world, but weather challenges could lie ahead. Three-quarters of the United States corn crop was rated good to excellent as of June 2. Spring wheat is one percentage point lower at 74 percent good to excellent. […] Read more
New feed rules may affect on-farm milling
WINNIPEG — On-farm feed millers will need to be careful to make sure they’re complying with new feed regulations coming into force, according to the Animal Nutrition Association of Canada. “The more complicated the farm, the more controls they’re going to have to have in place,” executive director Melissa Dumont said during a question and […] Read more
EU to slap steep tariffs on Russian grain
REUTERS — The European Union will impose prohibitive tariffs on cereals, oilseeds and derived products from Russia and Belarus from July 1, a move that will “in practice” halt imports of these products. The tariffs will be US$102.76 per ton for cereals and 50 per cent for oilseeds. “The new tariffs set today aim to […] Read more
Chickpeas galore in Australia could impact yellow pea prospects
SASKATOON — Australia’s desi chickpeas could provide stiff competition for Canada’s yellow peas in India this year. Farmers Down Under could be harvesting a massive crop based on early-season expectations. Related stories: The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) is forecasting 1.15 million tonnes of chickpea production in 2024-25. That would […] Read more
Little ethanol to qualify for aviation fuel credit
U.S. program will require that feedstock be grown using three practices, which many farmers won’t be able to follow
REUTERS — Little to no ethanol will qualify for U.S. sustainable aviation fuel subsidies under a new pilot program by president Joe Biden’s administration, according to a Reuters review of government data and people familiar with the matter. The pilot program toughened climate requirements at the last minute and could hurt the biofuel industry, which […] Read more
To understand food inflation, more transparency, data needed
Some Canadians are boycotting Loblaws in protest over the high cost of food and a belief that grocery stores are generating unjustifiably high profits. The campaign started through social media and is generating news media coverage although I don’t know if it is having a big impact on sales. People are frustrated about inflation, and […] Read more
