There’s a lot of ground to cover in this week’s Beef Market Update, including price activity, cut-out value, demand, cash prices, and more. Anne Wasko of Gateway Livestock Exchange joins host Shaun Haney to break down all these topics. In the U.S., prices are still doing a see-saw action and the market’s held on remarkably… Read More
Summer is generally a time when the pulse markets go through a bit of a lull, but it’s always good to know what might happen in the markets come harvest. Chuck Penner of LeftField Commodity Research says that both farmers and buyers are sitting on the sidelines at this time of year, especially with widespread… Read More
The Alberta government is partnering with the Canadian Cattlemen’s Association, Alberta Beef Producers, and Alberta Cattle Feeders’ Association to undertake a competitiveness study that will provide strategic insights and data for the beef cattle industry. Announced July 14, Minister of Agriculture and Forestry Devin Dreeshen says that collaborating with industry is vital to growing and… Read More
Update, as of July 14: Both CN and CP once again halted traffic in the area around Lytton, B.C. on Wednesday due to new fires east of the community. “For the safety of our crews, we are not currently running trains between Kamloops and Lytton, B.C.,” says CN in a network update distributed July 14…. Read More
The USDA projected tighter-than-expected wheat supplies for the 2021-22 crop year in its July World Agricultural Supply/Demand Estimates (WASDE) report released on Monday. Most of the other key figures in the report for the big three crops — corn, soy, and wheat — were in line with expectations, with yield projections left unchanged from June…. Read More
The federal transport minister has issued an order requiring Canada’s two main railways — Canadian National and Canadian Pacific — to implement a set of measures aimed at preventing further wildfires in southern B.C. and other parts of the country where fire risk is high. Minister Omar Alghabra issued the ministerial order on Sunday, following… Read More
If you’ve been following the cattle markets, you’ll know that this week the Alberta fed cattle market lost some ground. This kind of behaviour is not exceptionally strange for a July cattle market, says Anne Wasko of the Gateway Livestock Exchange in the latest episode of the Beef Market Update. However, the market lost another… Read More
Statistics Canada released its updated acreage estimates for 2021 on Tuesday morning, most of which were in line with expectations. Most notably, StatsCan boosted its canola acreage estimate to 22.48 million acres, up from 21.53 million in its April acreage report. Year-over-year, that’s an 8.2 per cent increase in canola acres, largely driven by strong… Read More
A recent U.S. federal reserve meeting resulted in an indication that attention to interest rate movement will be sped up in the future. “There’s been a few mixed messages, actually, out of the press conferences that followed that statement of the federal reserve,” says JP Gervais, chief economist at Farm Credit Canada. Gervais says it… Read More
The surge in canola processing that’s been announced for Saskatchewan over the last four months is expected to result in a more than 50 per cent increase in Canada’s domestic canola crush capacity, which could have major logistical and trade flow implications for crops grown on the Prairies. A record 10.3 million tonnes of canola… Read More
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
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