Rains leave swampy, fallow fields in Manitoba, Saskatchewan -scouts — July 29, 2014

Posted

Spring wheat and canola fields in western Manitoba and southeastern Saskatchewan are dotted by cattails and swamps, while others are unplanted or abandoned, evidence of heavy spring rains that reduced Canada’s potential crop output, scouts on a crop tour said on Tuesday. Other spring wheat and canola fields are growing but are less mature than […]


U.S. proposes allowing more pork imports from Mexican states — July 29, 2014

Posted

    The U.S. Department of Agriculture has proposed a change in regulations that would relax restrictions on pork imports from certain areas of Mexico, potentially allowing for increased U.S. imports at a time of a supply shortage. The proposal would permit pork to be imported from certain parts of Mexico defined as having a […]


Grain groups urge USDA to restore inspections at Washington port — July 29, 2014

Posted

A coalition of U.S. grain groups has urged the Department of Agriculture to immediately restore official grain inspection services at the Port of Vancouver, Washington, which is involved in a long-running labor dispute. In a letter to Agriculture Secretary Tom Vilsack, the 22 national, regional and state organizations said disruptions at the port “put at […]


Brazil cattle herd to grow two per cent this year — July 29, 2014

Posted

sao paulo Brazil, home of the world’s largest commercial cattle herd, will likely grow its stock by two per cent this year from 2013, reaching a record 198.7 million head, according to a report sponsored by analysts Informa Economics FNP. The increase is due to better management and more investment in maintaining pastures, according to […]


GRAINS – U.S. corn, soybeans, wheat drop after recent gains — July 29, 2014

Posted

CHICAGO, July 29 (Reuters) – U.S. wheat futures fell 2.8 per cent to fresh contract lows on Tuesday due to plentiful global supplies as well as strong competition on the export market, traders said. Corn and soybean futures also fell as forecasts for rain in the U.S. Midwest next week alleviated concerns about dry conditions reducing harvest prospects for both […]


LIVESTOCK – CME hogs futures fall with sagging cash prices — July 29, 2014

Posted

CHICAGO, July 29 (Reuters) – Chicago Mercantile Exchange hogs on Tuesday finished lower following slumping prices for ample supplies of slaughter-ready animals, traders said. August finished 2.225 cents per lb lower at 121.450 cents, and October down 0.550 to 106.075. The morning’s average price of hogs in Iowa/Minnesota fell $1.23 per cwt from Monday, and […]


Grain drain — are carryover projections off the mark? — July 28, 2014

Posted

Canada will carryover more grain than usual when the crop year ends July 31, but analysts say it may be less than some people think. That mountain of Western grain created from a record harvest last fall, combined with poor rail service until spring, is being whittled away. In its July Outlook for Principle Crops […]


GRAINS-U.S. corn, soybean futures rise as demand strengthens — July 28, 2014

Posted

CHICAGO, July 28 (Reuters) – U.S. corn and soybean futures rose on Monday with both markets supported by strengthening demand and isolated dryness in some areas that could hamper development of the crops in the Midwest. Wheat futures were lower but trimmed losses in the wake of an announcement from the U.S Department of Agriculture […]


LIVESTOCK-Mixed CME live cattle close after hitting record high — July 28, 2014

Posted

CHICAGO, July 28 (Reuters) – Chicago Mercantile Exchange live cattle on Monday settled mixed on spreads after hitting a new high, fueled partly by Friday’s bullish U.S. Department of Agriculture cattle report, traders said. Friday’s report revealed a bigger-than-expected drop in the number of cattle moved into feedlots in June after sufficient grazing land allowed […]


Klassen: Feeder market surges like a rocket — steers hit $330 — July 27, 2014

Posted

Western Canadian feeder cattle prices were extreme volatile and relatively undefined as the market made fresh historical highs. U.S. weekly beef production continues to come in below expectations and the market appears to be in a “supply shock.” At the same time, market-ready supplies of slaughter cattle are rather tight moving into August causing packers […]