Feedyards have moved from having to wait for cattle to be lifted for weeks on end to a situation where the market is very current. This has put a little needed marketing power in the hands of feedyards instead of the packer. The strong basis has beena n excellent incentive to sell cattle on schedule… Read More
Category: Markets
What’s your risk management plan for your cattle business? If you don’t have one or would like to step up your understanding of price risk, managing returns and use of contracts, this free workshop may be for you. Beginning next week, Linus7, Agriculture Financial Services Corporation’s Cattle Price Insurance Program (CPIP) and RealAgriculture.com’s cattle market… Read More
Corn and feedgrain stocks were the only crop types that held or increased volume as of December, 2012. That’s according to Statistics Canada’s ending stocks report released today. Canola stocks were down over 20% over 2011 ending stocks, barley stocks continued to push downwards, even in the face of higher production in 2012, and oats… Read More
Statistics Canada released its first seeding intentions report for March 31, 2013 this morning. Corn, wheat and oats were given the biggest nod to acreage bumps, however, this survey was conducted to April 3 when farmers still expected spring to arrive before May. Corn acres are estimated at 2.3 million for Ontario, an increase of… Read More
It’s been a rough year for many farmers in the U.S., as drought stole yields, entire crops and whole pastures. A return to more normal precipitation patterns over the winter helped in many areas, however, this spring’s cold and, yes, even snowy April weather has put the brakes on the spring corn planting season and… Read More
Developing an opinion on crop prices and the direction they’re headed is not an exact science. Once you can move beyond expecting to be right all the time, it’s time to start putting some fundamental analysis to work for you. While many farmers are familiar with that term and supply and demand discussions, understanding how… Read More
It was great news this week that, following negotiations between Canada and China, canola producers and exporters here will have a shot at expanded access to the Chinese market. But to me, it was even more noteworthy that science, not politics, helped open the door. Science is constantly maligned in agriculture, particularly when product safety… Read More
China’s decision to open another of its crushers to Canadian canola seed improves market access, according to the Canola Council of Canada. The authorization of three new crushers in the last few months means China now has the capacity to import an additional 1 million tonnes of canola seed from Canada, Canola Council of Canada… Read More
If you cannot se the embedded video player above, Click Here Anne Wasko and Shaun Haney discuss the recent cow slaughter prices. As Anne mentions to Shaun there is some interesting issues at play here. Domestic cow slaughter 1st quarter is down 7% while exports are double last year meaning that disposals are up 20%… Read More
If you cannot see the above embedded audio player, Click Here Anne Wasko and Shaun Haney discuss the finalization of the JBS – XL Foods US plant purchases, why cattle packing plants cannot seems to get current, whether there could be further packing plant closures, basis outlook and the possible scenario for higher live cattle prices in… Read More
Whether you do your own digging, subscribe to several news outlets or employ an analyst, making decisions about price direction requires a significant investment of time and effort. For many farmers, marketing and following the markets is an enjoyable part of their job. For others, it’s not how they’d like to spend their time or… Read More
The new marketing environment around wheat in Western Canada offers producers a much greater level of involvement than they’ve ever had when it comes to managing price risk. Should producers choose to step out of the contract environment provided by their local grain companies and buyers and go directly to the futures and options market… Read More
If you cannot see the above embedded audio player, CLICK HERE According to Chuck Penner, LeftField Commodity Research, everyone was waiting for the USDA planting intention report with baited breathe but what shocked (or maybe not) the market was the stocks report. Farmers holding onto old crop crop corn and wheat without unhedged are feeling… Read More
A near-record number of intended corn acres estimated today by the USDA’s planting intentions report has pressured corn markets limit-down for the day. Hear what Chuck Penner Thinks About the USDA Stocks Report Today The report pegs estimated acres at 97.3 million acres, a total eclipsed only by a mid-1930s planting. The USDA National Agricultural… Read More
If you cannot see the above embedded audio player, click here With growing speculation that feedyards in the US and Canada would be attempting to contain losses by limiting the amount of cattle they fed, the February placement number in the USDA Cattle on Feed Report confirmed it. The March 22, 2013 USDA Cattle on Feed report… Read More