Live cattle trade in the south was quieter this week, and prices drifted lower says Anne Wasko of the Gateway Livestock Exchange, in this edition of the Beef Market Update. While trade has been quieter, there's still plenty to discuss about what's happening in the beef and cattle markets both in the U.S. and Canada.... Read More
Category: Markets
As the Canadian harvest season gets underway, there’s a noticeable shift in farmer sentiment across the country. That's according to the latest Canadian Farmer Sentiment Index, gathered in July from over 500 farmers. Justin Funk and Shaun Haney, co-founders of RealAgristudies, are here to unpack the July 2024 results, touching on key topics such as... Read More
In the not so distant past, the interconnectivity of supply chain logistics was made all too clear through parts availability shortages, back-ordered equipment, and stranded container traffic. The average Canadian likely has a much healthier respect for supply chains post-pandemic, including the recognition that once a disruption occurs, supplies don't magically reappear once it's sorted... Read More
Picton Terminals and Parrish & Heimbecker Limited have announced plans to build a bulk agricultural marine terminal at Picton Terminals in Ontario's Prince Edward County. The partners say the new terminal will significantly reduce travel time for local farmers, alleviate truck traffic on Highway 401 and enhance the overall efficiency of the agricultural supply chain.... Read More
Monday's USDA acreage report was a surprise to Chip Flory not because of the numbers in the report, but because the acreage adjustment happened so soon in the growing season. Flory, host of AgriTalk, says the USDA's move to knock off 700,000 acres of corn and add a million soybean acres does make sense, but... Read More
Over 40 per cent of Ontario's beef farmers that access the Feeder Cattle Loan Guarantee Program are under the age of 40, and that figure is part of the motivation behind the government significantly increasing the money set aside for the program and doubling the amount a producer can qualify for. Minister of Agriculture, Food,... Read More
The summer doldrums seem to be hitting the U.S. cattle markets this week, with trades coming in at around $2 less than last week, whereas the choice cutout held steady. While it may feel as though cutout is struggling a bit, Anne Wasko, of Gateway Livestock Exchange, reminds us in this week's Beef Market Update... Read More
There are several ways to manage through market doldrums, including trying to yield your way to profit, cutting back on input costs, or keeping an extra close eye on every market move to capitalize on brief rallies. Neil Townsend, market analyst with GrainFox, suggests one more way to navigate the current grain market trends: get... Read More
A new soybean crush plant in North Dakota — about 150 miles from the Canada-U.S. border — has started receiving soybeans as it ramps up operations. The North Dakota Soybean Processors (NDSP) facility at Casselton, ND — just west of Fargo — has been designed to process 125 thousand bushels per day and 42.5 million... Read More
A corn price bump in the last week might be the exception not the norm for the next few weeks, and Steve Nicholson, global sector strategist, grains and oilseeds, for Rabobank, says farmers should reward the market with some sales and then move on. With a few notable exceptions, the 2024 corn, soy, canola, and... Read More