Richardson Pioneer has formally announced plans to build a new high throughput elevator at Carmichael, Sask, about 65 kilometres west of Swift Current. Construction on the new facility began earlier this month, and is expected to be complete by fall of 2022. The new elevator will include 46,000 metric tonnes of storage capacity, with loop... Read More
Category: Markets
On previous episodes of the Beef Market Update, you've heard Anne Wasko of the Gateway Livestock Exchange talk about the cattle hangover that is going on in the fed cattle market. Well, we've got some good news: we are on our way out. Wasko says although the U.S. is getting on its feet too, the... Read More
This month's World Agricultural Supply and Demand Estimate (WASDE) didn't contain any huge shocks, with soybean stocks ticking up but corn stocks down slightly. The global wheat outlook for 2021/22 is for larger supplies, higher consumption, increased trade, and higher stocks. Supplies are projected to increase 4.3 million tons to 1,087.9 million, mainly on higher... Read More
Several converging factors are putting the squeeze on the cattle value chain and industry dynamics, and the recent cyber attack on JBS has added another layer of disruption to an already stressed system. JBS announced the hacking, possibly Russian in origin, earlier this week. The cyber attack meant the company ceased slaughter in several plants,... Read More
A Tuesday morning run up in the grain markets caught many market watchers by surprise. What's at play so early in the growing season? Jon Driedger with Leftfield Commodity Research says that, yes, this really does seem to be a weather related rally for the most part, and that's a bit of a surprise. Coming... Read More
The disconnect between the cutout value and the fed cattle cash market has continued to frustrate producers in Canada and the U.S. South of the border, the temperature is rising for politicians to grasp some political will, while in Canada the volume has been much quieter on the matter. With the choice cutout reaching US$330... Read More
It's been another steady week for cash cattle trade in both the U.S. and Canada. Anne Wasko of the Gateway Livestock Exchange says that in the U.S., trade has been at $118-$119, and around $187-$191 dressed, while the storyline from previous weeks for cutout values continues. "Choice closed last night at $330 USD, which is... Read More
Ag Growth International (AGI) has signed a partnership agreement with grain software technology company Bushel. Bushel provides customers with software solutions, including the automation of weigh scale tickets issued by grain elevators. The Bushel platform can also automate contracts and settlements required to complete grain sales. President and CEO of AGI, Tim Close, says that... Read More
An important step forward was taken May 27 for the Canadian beef industry, as the World Organization for Animal Health (OIE) recognized Canada as negligible risk for Bovine Spongiform encephalopathy (BSE). “The recommendation by the OIE’s Scientific Commission to grant Canada negligible risk status for BSE is a historic closing of the BSE era for... Read More
The rapid expansion in canola processing capacity on the Prairies continues, with the confirmation of another crush plant to be built beside the Canada-U.S. border in southeast Saskatchewan. Ceres Global Ag is planning to build a canola processing plant and refinery beside its existing terminal and international rail crossing southeast of Estevan, at Northgate, Sask.... Read More