Changes are being made to the timetable for the remainder of the program compensating Canada’s dairy farmers for market share lost to recent multilateral trade deals. The Dairy Direct Payment Program (DDPP), which issued $1.75 billion over four payments from 2019 to 2023 to compensate for the Canada-European Union (CETA) and Trans-Pacific Partnership (CPTPP) trade […] Read more
Dates moved up in dairy sector’s CUSMA compensation calendar
Calculation date will shift to Aug. 31
Alberta lifts feeder loan guarantee limit
Amendment boosts individual limit by 50 per cent
Alberta has boosted the limit on the size of loan available under its Feeder Associations Loan Guarantee program, aiming to help producers keep up against rising livestock prices. An order in council amending the provincial Feeder Associations Guarantee Regulation was approved Monday, raising that program’s individual and joint-membership loan limit to $3 million, from $2 […] Read more
Australia disappointed with China move to extend barley tariffs review
Tariff wall in place since 2020
Sydney | Reuters — Australia said on Wednesday it was disappointed that China has asked for another month to complete a review needed to lift tariffs on barley and warned it would resume a case at the World Trade Organization (WTO) if there was further delay. Australia on April 11 agreed to temporarily suspend a […] Read more
U.S. livestock: CME hogs rally as pork prices rise
August live cattle touch new contract high
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Tuesday, bouncing after a three-session slide as wholesale pork prices rose and cash hog prices firmed, traders said, while tight cattle supplies sent futures to life-of-contract highs. CME August lean hogs settled up 3.4 cents at 97.575 cents/lb., and the October contract […] Read more
Pulse weekly outlook: B.C. port strike drags on exports
Cargoes either stuck at port or held at home
MarketsFarm — As the 11-day-old port workers strike in British Columbia continued to impede exports from Canada’s West Coast, Marcos Mosnaim of Export Packers said the work stoppage was taking a toll on the country’s pulse exports — specifically those exported by container. “So you have cargo held in Vancouver or on its way to […] Read more
U.S. grains: Soy climbs on supply worries ahead of USDA reports
Chicago wheat, corn also rise
Chicago | Reuters — U.S. soybean futures rose for a second straight session on Tuesday as traders braced for a monthly U.S. government crop report due on Wednesday that is expected to project a smaller crop and tighter supplies, analysts said. Wheat futures rose as a drone strike on Ukraine’s Odesa port returned attention to […] Read more
Nutrien cuts output as West Coast port strike hits day 11
Longshore union, management met Monday night, source says
Ottawa | Reuters — The world’s biggest fertilizer producer Nutrien cut production on Tuesday, citing the impact of a 11-day-old strike in Canada’s Pacific ports whose cost has now ballooned to an estimated $6 billion. Some 7,500 dock workers represented by the International Longshore and Warehouse Union (ILWU Canada) walked off on July 1 after […] Read more
Pork sector calls for essential service status amid B.C. port strike
Council says pork should receive same consideration as grains
Leaders in Canada’s pork sector are calling on the federal government to give perishable agriculture products the same consideration and protection as grain. The call comes as a longshore workers’ strike at British Columbia’s West Coast ports nears its second week, blocking the shipment of Canadian meat and most other exports. Canadian Pork Council (CPC) […] Read more
Klassen: Feeder market consolidates at historical highs
Higher borrowing costs offset lower feed prices
For the week ending Saturday, western Canadian yearling steer prices were quoted $2-$4 higher; yearling heifers traded $2 higher to $5 lower. Calves were relatively unchanged although volumes were limited. Larger groups of quality genetics were well bid while second tier cattle were marginally discounted off the highs. Some ranches are liquidating yearlings about one […] Read more
Ag input firm FMC’s shares tumble after lowering financial targets
Partners 'rapidly reduced inventory levels'
Reuters — Shares of FMC Corp. fell more than eight per cent on Monday after the agricultural products supplier cut its outlook for the year on volume declines in most of its major markets. “Towards the end of May, we experienced unforeseen and unprecedented volume declines in three out of our four operating regions, as […] Read more
Canadian Cattlemen Presents: Depth of Field
