Barbecues may be firing up for the summer and worldwide protein demand may be holding steady, but the price of fed cattle isn’t quite so hot. “Not exactly exciting news – prices are lower – but…I would also point to the fact that we’ve got considerably more beef being produced this year in both countries,”… Read More
Of the $8 million contribution to the Canadian beef industry announced this week, $5.3 million is earmarked for Canada Beef Inc. “We will be investing this money into all of the emerging markets – but China is certainly is one of the most important ones for us,” says Michael Young, president, Canada Beef Inc., adding… Read More
Grain markets found some strength in the second week of July as the monthly report from USDA showed average U.S. soybean yields falling by one bushel per acre to 48.5. The lower yield meant production was felled by 375 million bushels, which obviously helped soybeans find a bid. Follow-on support for other crops and stronger… Read More
In a shortened week of trading due to Canada Day and the Fourth of July in America, trading volume was light and the oilseeds complex saw the worst performance, highlighted by soybeans dropping almost 2% on Friday alone, mainly attributed to the ongoing trade dispute with China and big stockpiles revealed last Friday by the… Read More
Beef markets this week felt the pressure of the Chinese request to suspend beef and pork exports from Canada. “It was a growing market that certainly our sellers of beef were focusing on,” says Anne Wasko, of the Gateway Livestock Exchange. “So when you have that close overnight, markets obviously this week have been in… Read More
Grain markets ended the month of June mostly in the red as the complex was dealt a heavy-handed bearish report on Friday in terms of acres planted in the United States. Since the collection of information for the June acreage report is from June 10th, intentions from that date and what’s happened since then might… Read More
Alberta-based farmer Lynn Dargis spent much of Canada’s Farm Progress Show on the other side of a booth, bringing attention to her recently unveiled grain pricing platform. Farmbucks, launched at the end of February, collects, sorts and displays grain prices in real time, with its newest version (2.0) offering price history lines, price alerts, geographic… Read More
At the 106th Saskatchewan Stock Growers Association annual general meeting, Gateway Livestock Exchange’s Anne Wasko presented on the current situation in the beef markets. The theme of the two-day convention was Strategies for Success, and in this episode of the RealAgriculture Beef Market Update, Wasko goes over just that. She says the biggest topic she’s… Read More
Grain prices gained a lot of ground this week as the complex was supported by a bullish WASDE report from the USDA and wet weather from Mother Nature. In contrast to last week, the hard red spring wheat ticker in Minneapolis was the only one in red this week. On the flip-side, corn and winter… Read More
The USDA showed no fear in taking a stand on the projected corn yield in today’s World Agricultural Supply and Demand Estimates (WASDE). Whether due to the late planting dates, unfit soil or pollination timing, the USDA adjusted corn yield dramatically to the downside, while leaving soybeans untouched. The USDA dropped the projected corn yield… Read More
The first full week of trading in June was highly volatile for the grain markets, as the complex whipsawed around on continued planting concerns (namely Prevent Plant corn acres), weather forecasts, and fresh trade issues. Simply put, there are a lot of factors impacting the market and that’s why we saw some wild intraday swings… Read More
The federal government announced more than $1 million will be going towards Canadian Meat Council (CMC) initiatives. Member of Parliament Chris Bittle made the announcement today in Niagara Falls, Ont., on behalf of Agriculture and Agri-Food Minister Marie-Claude Bibeau at the CMC’s 99th annual conference. According to a news release, in collaboration with the Canadian… Read More
With historically slow corn planting in the U.S. and Ontario due to adverse wet weather conditions, the consequences are building. As the doubts on how much of the desired corn will get planted, feedyards are having staring higher feed costs in the eye. The latest USDA planting progress report will come out today (Monday), but… Read More
To end the month of May, grain prices took a bit of a hit on the last trading day of the month, with most crops on the futures board seeing double-digit losses. The complex was still able to squeak out some gains for the week (as shown below). Put simply, all those traders who were… Read More
Despite last Friday’s bullish Cattle on Feed report out of the U.S., markets on Monday opened with little impact, says Anne Wasko of the Gateway Livestock Exchange, in today’s Beef Market Update. The report listed the May 1 inventory of cattle and calves on feed for the slaughter market as the highest since the series… Read More