The temperatures may be headed downwards and winter is on its way, but beef cattle prices aren’t going to be following that trend. “We’ve had another super week in the U.S. in terms of cash trade,” says Anne Wasko of the Gateway Livestock Exchange, in this week’s Beef Market Update. “Last week the market started… Read More
The November World Agriculture Supply and Demand Estimates (WASDE) report from the USDA was released Tuesday, and the market responded by moving higher across most of the board. Big sigh of relief for markets as #soybean yield falls to 51.2 bushels per acre and #corn “only” goes up to 177.0 bpa. #Corn up 10, #soybeans… Read More
There are many input decisions to be made at any given time on the farm. Some of those decisions have to be made in-crop, such as for crop protection, while others happen well-ahead of the growing season, like those on fertilizer and seed. Based on supply chain issues, major price increases, and potential product shortages,… Read More
The drought many producers faced this past growing season is continuing to wreak havoc in many different directions. But, what happened with crops that are better suited for hot and dry conditions? Durum wheat is one of those crops. Canadian production of durum wheat lies solely in the southern parts of the prairies and is… Read More
As of November 1, the Canadian Grain Commission (CGC) says it has received 23 formal complaints from producers about delayed payments for grain delivered to Cargill over the past several months. Twenty-one of the 23 complaints have been resolved, while two are pending resolution, says CGC spokesperson Remi Gosselin. The complaints have been filed by… Read More
As November approaches quickly, many are asking where cattle producers are at with fall run, and what the market is looking like this year. Anne Wasko of the Gateway Livestock Exchange explains in our latest Beef Market Update that in order to understand where the market is with cows coming to town, we need to… Read More
It’s time for the season finale of Ontario Diagnostic Days! The annual Ontario field crop diagnostic days held at Ridgetown, Elora, and Winchester are again virtual in 2021. On this live broadcast, University of Guelph professors Dave Hooker and Francois Tardif join host Shaun Haney to talk three hot topics that are sure to grab growers’… Read More
The United States Department of Agriculture (USDA) released its October 1 Cattle on Feed Report October 22. Cattle and calves on feed in feedlots with a capacity of 1,000 or more head totalled 11.6 million head, down one per cent year-over-year. This is the second highest October 1 inventory since the series began in 1996…. Read More
It’s hard to avoid news about inflation from major news outlets these days, and caught up in it all is the rising cost of food. Kevin Grier of Kevin Grier Market Analysis and Consulting has published a grocery trade report for September that includes food inflation numbers. He joined Shaun Haney on RealAg Radio recently,… Read More
Natural gas prices have increased in Europe, and China is facing its own issues with coal, leading to energy shortages on both continents. Understanding the likelihood of skyrocketing energy prices in Canada takes some understanding of the factors at work, and to shed light on the situation, Brendan Cooke, policy analyst at Canada West Foundation,… Read More
The news is not good this fall. The rising cost of food and housing is eclipsed by the rising cost of energy both here and abroad. Supply chains are disrupted, and global supplies of everything from electronic chips to dishwashers is uncertain. In the face of it all, farmers are having to make decisions regarding… Read More
There’s a lot happening in the cattle markets as we hit mid-October (?!) already. Anne Wasko of the Gateway Livestock Exchange says the markets south of the border have held mostly steady, at around $124 for live cattle in the south, and $124-$125 in the north, while noting the cutout drop-off we are still seeing…. Read More
If you’ve had to go fill your fuel tank recently you’ve likely noticed a significant cost run-up. Patrick De Haan, head of petroleum analysis at GasBuddy, says on average the price of gas is higher than it has ever been, at an average of $1.45/L across the country. There are numerous reasons for this, but… Read More
U.S. soybean yields and ending stocks will be larger than the trade was expecting, according to the U.S. Department of Agriculture’s October supply/demand report. Based on the reaction in the futures market, the USDA’s October numbers, released Tuesday, were bearish for soybeans, somewhat bearish for corn, and bullish for wheat. The average American soybean yield… Read More
How many calves are left for the fall run? The answer could be more than usual; however, with the dry conditions in 2021, it’s also possible the very early start to the run means there are fewer calves left to come to town. The answer to where the fall run volume — and prices —… Read More