The calendar has flipped into August and cattle producers are looking forward to the fall yearling and feeder run. During the past week, live cattle struggled to gain momentum but ended up fairing better than lean hogs in the face of heavy selling of pork futures. There is a lot of pressure on hogs due… Read More
Grain markets had a tough turn of the calendar from July to August, as the complex dealt with a couple of factors that pushed it lower. From a performance standpoint, corn prices lost about seven per cent for the month of July, while soybean and hard red spring wheat prices basically ended July where they… Read More
Earlier this week, crop market analyst Chuck Penner shared a graph showing China’s year-over-year rapeseed oil (including canola) imports. The trend line since April 2019 is a rather steep line, and it’s straight up. Penner, with Leftfield Commodity Research, says that the latest figure clocks in at 254,000 tonnes of rapeseed oil imported — a… Read More
Beyond Meat, the company that makes plant-based meat substitutes, announced it will be selling an additional 3.25 million shares of common stock in the face of growing demand for plant based proteins. The news comes after the company shared its second quarter financial results, and lower than expected profits sent the stock diving by at… Read More
Confirmation of what producers already know and a reminder of some of the upcoming obstacles has become evident in the latest USDA crop progress and condition report. U.S. corn conditions were reported at 58 per cent at good to excellent, versus the analysts projections of 57 per cent. This is a very slight improvement from… Read More
The Ontario Independent Meat Processors (OIMP) will be diving more into the issue around labour shortages along with market access in a three-part initiative. Recently, OIMP received money from the Canadian Agricultural Partnership and will be using it to explore and identify what’s holding back the industry when it comes to expanding their markets. “Labour… Read More
Grain markets turned lower for the second straight week as the complex prices in some better weather and the impact that trade war payments might have on the bottom lines of U.S. farmers. For Mother Nature, expectations are that August weather for the Midwest will bring more hot, dry conditions, which should certainly get the… Read More
Canada Pork International (CPI) has received $6 million from the federal government to grow its pork exports in priority markets. “AgriMarketing funding is fundamental to Canada Pork International programs and services. It supports CPI’s growth and demand building programs globally as well as the sales development efforts from our members,” says Martin Lavoie, president, and… Read More
Grain markets ended the week lower as the complex saw selling on some better weather and growing conditions for a North American crop that continues to be behind in terms of development. If it wasn’t for a good rally on Friday, we would’ve seen an even further departure on the futures board than what you’re… Read More
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