The strike at Cargill's beef processing facility at Guelph, Ont., is nearing the two-week mark, forcing cattle to be marketed elsewhere in and outside the province. Around 960 workers at the Cargill facility, which can processes around 1,500 head of cattle per day and represents between 75 and 80 per cent of Ontario's beef processing... Read More
Category: Markets
Cash trade in the south and in Canada was pretty quiet this week, nudging off the start of June versus any real kickoff to the new month. In the U.S., slaughter was down this week too, bumping the cutout price a little in the post-Memorial Day shortened week, says Anne Wasko with the Gateway Livestock... Read More
The wheat market isn't usually the exciting one to watch, but as Ranulf Granville, chief market analyst with Grainfox, says over the last six to eight weeks there's a lot of company that has started to gather on the bullish side making for some excitement. But is wheat really in that much better a fundamental... Read More
It's like lemon juice on a paper cut for those in the far south of Ontario who haven't got an acre of corn in the ground yet, but the initial look at the emerged corn crop in the U.S. is looking mighty fine. Ranulf Glanville, chief market analyst with GrainFox, says that this early good... Read More
As expected by a majority of analysts, the Bank of Canada lowered the overnight rate by twenty-five basis points. It's the first rate cut in four years. For farmers with floating or variable rate loans, this will be welcome news. “With further and more sustained evidence underlying inflation is easing, monetary policy no longer needs... Read More
Farmers across Canada are feeling varying levels of certainty about their ability to market their crops effectively at a time when the market has bounced off of the lows seen through the winter months, according to the latest survey for the Canadian Farmer Sentiment Index, conducted by RealAgristudies. Note: The Canadian Farmer Sentiment Index is... Read More
Wheat markets have rallied this spring, creating some selling opportunities for both old and new crop amidst the busyness of seeding and planting. In this episode of RealAg Markets, host Shaun Haney sits down with Jim McCormick of AgMarket.net to delve into the complexities of the global commodity markets, focusing on wheat and soybean dynamics... Read More
Rain makes grain, sure, but rain also makes green grass which makes for a very happy Anne Wasko of the Gateway Livestock Exchange, who joins Shaun Haney for this episode of the Beef Market Update. Green grass in many parts of the Prairies is a welcome change compared to the last few years, and it's... Read More
Governments in many countries are enacting policies aimed at mitigating climate change — massive subsidies, carbon levies, and strict regulations — that also have consequences on trade flows. Billions of dollars of incentives in the Inflation Reduction Act in the U.S., the Canadian government's carbon taxes, and the EU's biofuel feedstock requirements and carbon border... Read More
Farmers waiting for a market rally and continued uptick in crop prices could be waiting a very long time. Instead, Brian Voth, founder of IntelliFarm, draws parallels between the current NBA playoffs and grain markets: grab the bounce and don't miss the free throw, because that's about as good as it's going to get. In... Read More