It’s only 11 days until the meteorological start of spring, which is pretty cool, but so are the temperatures in Ontario, in Western Canada, and all the way down to the southern U.S. On this Wheat Pete’s Word, our host Peter Johnson fields all sorts of questions about the cold, plus manganese, scaring away birds,… Read More
Olymel has temporarily closed its hog slaughtering, cutting, and deboning plant at Red Deer, Alberta. “Despite the testing protocols and sanitary measures already in place, as well as the close collaboration of Alberta Health Services to deal with a resurgence of positive cases of COVID-19 among plant employees, Olymel management believes that the conditions are… Read More
At least six commercial hog producers in Alberta are advocating for reducing pig production in the province to pressure processors to change how animals are priced. The group met with Alberta Pork’s board of directors and staff last week to discuss their proposal to cut production, and to determine where the provincial organization stands on… Read More
Whether you are buying or selling on the feed market side, there’s no doubt that you’ve noticed prices skyrocketing. Between a lack of U.S. corn, and corn availability coming into Canada, the price has been driven upwards. Brian Voth of IntelliFarm Inc. says the lack of supply has followed economics 101, and has driven up the… Read More
Merit Functional Foods has started commissioning its $150 million pea and canola protein facility at Winnipeg, Man. Construction on the 94-thousand square foot plant on the west side of the city started in the fall of 2019. “This is a momentous step for us,” says Merit’s co-CEO Ryan Bracken, highlighting the completion of construction in… Read More
Mice, flax, a birthday, and what’s supposed to be the sole topic of today’s conversation: markets. There’s a lot to cover in market talk lately. Making the markets make sense with Kara Oosterhuis for today’s RealAg LIVE! is Brian Voth of IntelliFARM Inc. RealAg LIVE! streams every weekday at 3 pm E on Youtube, Facebook,… Read More
There were no big surprises in the USDA’s February supply/demand report on Tuesday, although it had a slightly bearish tone thanks to a lower-than-expected corn export estimate. U.S. corn ending stocks for 2020-21 were reduced by 50 million bushels compared to the January report on a 50 million bushel increase in exports driven by China…. Read More
There were big numbers in the beef market this past month for pricing, carcass weights, and harvest rates. Anne Wasko of the Gateway Livestock Exchange breaks it down for us in this Beef Market Update. As Wasko explains, the U.S. cash side of the market is a little higher again this week, landing at $114/cwt… Read More
It’s no surprise that African swine fever (ASF) is continuing to impact pork production in Asia and Europe, as well as global trade flows. COVID-19 continues to impact the entire supply chain too, from producers all the way to consumers. However, there may be some good news here, as Rabobank is predicting demand to rebound… Read More
There’s been a lot of action in the commodity markets lately, some of which has led to some stellar pricing opportunities for farmers. There are some global pressures and buying patterns emerging that could put a squeeze on some prices, however, all while farmers are finalizing acreage plans for 2021. To talk about wheat, canola,… Read More
It’s been a wild week in the equity markets, dominated by the short squeeze placed on Gamestop and a few other heavily shorted stocks. Gamestop was up 400% in the last five days trading from $65 last on January 21st to close at $325 on January 28th with an inter-week high of $505. Was this… Read More
One year in to navigating a global pandemic, it’s clear that the economic health of consumers is ailing, but it’s difficult to measure by how much; and until COVID-19 passes, any economic recovery in Canada is strained. “It’s interesting, when we think back to a year ago, just before the pandemic really began to bear… Read More
Covering all the countries and the fertilizers they produce — from Moroccan, Russian, U.S., Canadian, even Belrusian — Josh Linville, of StoneX, extensively covers the fertilizer markets in this RealAg LIVE! Don’t forget to tune into RealAg LIVE! every weekday at 3pm E, 1 pm M on Facebook, Twitter, YouTube, and Twitch! SUMMARY Linville graduated… Read More
We’re starting this Beef Market Update off on a positive note: retail demand. Retail sales are looking really strong as we head into the last week (?!) of January — and about a month out of the holiday season, notes Anne Wasko of the Gateway Livestock Exchange. As she explains, there is usually a bit… Read More
The lake freighter MV Saginaw said farewell to the Port of Thunder Bay en route to Windsor, Ont. with a load of grain last week, marking the end of the port’s most successful shipping season in over twenty years, driven by a surge in grain exports from the Prairies to eastern markets. A combination of… Read More
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