Depending on which side of the border you're on, cut-out prices and placements drifted lower in the last two weeks, but stuck with seasonal trends, says Anne Wasko of the Gateway Livestock Exchange. U.S. on-feed numbers are expected to climb by about 3 per cent year over year based on June data, while cash markets... Read More
Category: Markets
When everyone does their job in agriculture, commodity prices go down. It's how a market works: low supply means higher prices, and with higher prices demand is rationed until prices fall back down. If there was a You Are Here sign for markets, this is it. When agriculture is doing its job, says Jody Lawrence,... Read More
It's grilling season and feed prices are down. Now that we've got the two positives out of the way, it's time to talk tough realities for the hog market. Christine McCracken, executive director animal protein for Rabobank, says cooler weather in the hog-producing areas of the U.S. has meant heavier hogs coming to market. Combine... Read More
Cargill says it has passed the halfway mark on construction of its new canola processing facility located in the Global Transportation Hub west of Regina, Saskatchewan. The facility, which is designed to process one million tonnes of canola per year, is now expected to open in 2025. "The current construction environment is full of unique... Read More
All good things must come to an end, unfortunately. It wasn't that long ago that crop prices ran up to incredible highs, where it seemed the only wrong selling decision was not hitting the *new* high. But this is not 2022, and those high prices did their job of discouraging demand or sending sales elsewhere.... Read More
It was a busy holiday week for BBQs both in Canada and the United States. The holidays, combined with a plant closure in Kansas, all amount to less beef being processed this week. While there wasn't a report from USDA on Thursday, markets closed Wednesday night with choice cutout at six and a half dollars... Read More
Big corn acres in the U.S. and dandy looking crops in the west have created a bit of a supply issue for markets, one that could be helped by some serious export demand. Whether or not that demand materializes as prices fall is the billion dollar question. For this early July grain market update, we... Read More
For those following the grain markets, how do you tease out seasonal lows or ticks lower versus bigger issues dragging on prices? It's not an easy distinction to make, says Chuck Penner, founder of Leftfield Commodity Research. This time of year, as the calendar flips to summer and the crop potential gets measured week by... Read More
A mid-week U.S. holiday this week didn't affect beef kill but closed futures and packers wanting to dial markets back from last week's new cash high combined for slower trade for beef markets. In this week’s Beef Market Update, Anne Wasko with the Gateway Livestock Exchange, says cattle feeders want to keep the momentum rolling... Read More
A series of key decisions on Bunge's proposed acquisition of Viterra are expected in the next few weeks, as anti-trust regulators and government officials in countries around the world are completing their assessments on whether to approve the multi-national grain company marriage, and what the requirements will be for approval. In Canada, the federal transport... Read More