Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Thursday, supported by concerns about heat stress in the U.S. Plains, as well as optimism in the cash cattle market, analysts said. “The cash outlook seems pretty firm,” said Doug Houghton, technical analyst at Brock Capital Management. ” I think there’s some support […] Read more
U.S. livestock: CME live cattle up on cash optimism, heat risk
Lean hogs also up on strong pork prices
ICE weekly outlook: Canola following soyoil’s lead
Stat Can's principal field crop estimates will be released on Aug. 29, may affect prices
MarketsFarm – The November canola contract rose above the C$800 per tonne mark for the first time in nearly a month during the week ended Aug. 23. However, it wasn’t without some turbulence over the last two days of trading. On Aug. 22, the November contract lost C$13.40 per tonne to close at $796.00, before […] Read more
U.S. livestock: CME lean hogs dip as seasonal pressures mount
Live cattle futures eased slightly as cash trade remains light
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures fell for a third session on Wednesday, as seasonal pressure mixed with weaker pork prices, analysts said. “This time of year for October hogs, it’s tough to know which direction to go in,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc, noting […] Read more
U.S. grains: soybeans end higher amid extreme heat, crop tour findings
Wheat ticked higher as traders assessed the latest Russian attack on a Ukrainian grain port
Chicago | Reuters – Chicago soybean and corn futures firmed on Wednesday, supported by hot, dry conditions that compound signs of stress found in initial results of a widely followed U.S. Midwest field tour. Wheat also ticked higher as traders assessed the latest Russian attack on a Ukrainian grain port and monitored North American spring […] Read more
CBOT weekly outlook: damage from extreme heat immediately unknown
CBOT largely ignored the latest machinations in the Russia-Ukraine war that could change quickly: analyst
MarketsFarm – Prices at the Chicago Board of Trade could increase if there’s heat damage to the United States corn and soybean crops, according to Tom Lilja of Progressive Ag in Fargo, North Dakota. During the week of Aug. 21 to 25 a heat dome formed over much of the U.S. Midwest with temperatures pushing […] Read more
Prairie forecast: unsettled to start then clearing and warmer
Issued Aug. 23, covering Aug. 23 to 30
Once again, the weather models are in good agreement so confidence in this forecast is fairly high. The only possible issue is that the different weather systems are rather weak which means timing of the systems can change easily. This forecast period starts off with two weak areas of low pressure, one over southern Manitoba, […] Read more
Russia hits grain facilities at Ukrainian Danube River port
Some 13,000 tonnes of grain destroyed says Ukrainian deputy prime minister
Reuters – Russian drones struck Ukrainian grain facilities at the Danube River port of Izmail overnight in what a senior official said on Wednesday was a systematic attempt by Moscow to prevent Kyiv exporting grain to the world. Deputy Prime Minister Oleksandr Kubrakov said the port’s export capacity had been reduced by 15% and that […] Read more
![“There’s even a question of would harvest equipment be available for 2023. There will be some equipment available, but will it be what you want and [what] fits your needs?” – Bill Campbell, Keystone Agricultural Producers. Photo: iStock/Getty Images](https://static.canadiancattlemen.ca/wp-content/uploads/2023/08/23095310/combines-3-silhouette-iStock-660x420.jpg)
Manitoba crop report: dry week helps advance harvest
Cattle producers move herds to hay fields to graze regrowth
MarketsFarm – Dry conditions across crop-growing areas in Manitoba helped the province’s annual harvest get off to a good start during the week ended Aug. 20. Much of the eastern, southern and central regions received two millimetres of precipitation at most during the week with several locations receiving no rainfall at all. The northwest region […] Read more
Panama Canal’s drought-induced bottleneck eases
Some vessels detour; transits per day still reduced
Panama City | Reuters — A backlog of vessels waiting to pass the Panama Canal due to drought-related restrictions has eased in recent days after the waterway’s authority authorized more non-booked ships to pass and as others are choosing alternate routes to avoid the delays. The Panama Canal Authority last week opened two additional slots […] Read more
U.S. livestock: CME live cattle ease, heat impacts in focus
Seasonal hog supplies pressure futures
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Tuesday after two sessions higher, as traders watch to see the impact of sweltering temperatures on slaughter-ready cattle, analysts said. “The heat does hurt the weights. That’s been an issue for a lot of the south, for a lot of the summer,” said […] Read more
Canadian Cattlemen Presents: Depth of Field
