Compared to last week, western Canadian feeder cattle markets traded $3-$4 on either side of unchanged. Premium low-flesh yearlings were one off bids $15-$20 above average. Cattle buyers commented that there were larger volumes of fleshier yearlings. Cattle with heavier butter levels were discounted from our listed values by $5 to as much as $10. […] Read more
Klassen: Feeder cattle supplies remain snug
Feedlots expect significantly cheaper barley come harvest
U.S. grains: Chicago wheat hits 25-month session low on good crop conditions
Market eyes talks on Black Sea grain corridor
Mexico City | Reuters — Chicago wheat hit a 25-month low in the session to close lower on Tuesday, on weather that looked good for U.S. crop development and improving crop conditions. Wheat has been pressured down in recent days after the winter wheat crop rating as of Sunday was up two points from the […] Read more
Pulse weekly outlook: Seeding to start in Manitoba, Saskatchewan
Saskatchewan lentils expected to lose acres to wheat, canola
MarketsFarm — With the calendar turning to May and temperatures expected to surpass 20 C this week, pulse seedings are set to begin for parts of Manitoba and Saskatchewan. “Right now, we’re still in a bit of a holding pattern,” said Manitoba provincial pulse specialist Dennis Lange. “We haven’t really had much for drying. Now […] Read more
Fund short position in canola grows for first time in a month
Corn moves from net long to net short
MarketsFarm — After covering bearish bets for four straight weeks, managed money fund traders were back on the sell side of the canola market in late April, covering longs and putting on new short positions. According to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC), as of April 25, […] Read more
CN’s mechanics, intermodal staff ratify labour deal
Agreement averted strike in March
Mechanics, intermodal and clerical workers at Canadian National Railway (CN) who were on the brink of striking in March have voted to ratify the agreements that kept them off the picket line. Unifor, which represents about 3,000 CN employees, said Friday its members voted to ratify four new two-year collective bargaining agreements taking them through […] Read more
U.S. livestock: Live cattle, lean hogs turn lower
August feeder cattle down second day
The Chicago Mercantile Exchange’s most-active live cattle and lean hog futures turned lower Monday on a down day overall in livestock trade. CME June live cattle ended lower Monday after three consecutive days’ climb, at one point dipping below their 10-day moving average before closing at 164.875 cents/lb., down 0.6 cents on the day (all […] Read more
U.S. grains: Wheat futures sink on rains, global supplies
U.S. winter wheat conditions likely improved in past week
Chicago | Reuters — U.S. wheat futures tumbled to fresh lows on Monday on ample world supplies, sluggish U.S. export demand and beneficial rains in key production areas of the Plains and Midwest. Corn futures slumped on forecasts for favourable Midwest planting weather and lagging U.S. export sales, while soybeans edged higher in a technical […] Read more
Federal workers reach tentative deal
Over 120,000 PSAC members back on job Monday
Over 120,000 striking federal government employees are expected to return to work starting Monday morning (May 1) after reaching tentative agreements overnight. The Public Service Alliance of Canada (PSAC) announced after midnight Monday it had reached tentative agreements for workers in four bargaining units who negotiate with the federal Treasury Board of Canada Secretariat. Among […] Read more
Go bigger on interswitching pilot, grain groups urge Ottawa
Railways say the measure creates inefficiencies; farm groups say the opposite is true
Farm groups from across the country are asking producers to lobby federal ministers and MPs and urge them to super-size a government proposal for what’s called ‘extended interswitching.’ The measure, part of this spring’s federal budget, essentially gives grain shippers a choice in which railway they deal with (as long as the competitor’s line is […] Read more
Limagrain offers to buy out seed maker Vilmorin
Pride Seeds co-owner has majority stake in veg seed firm
Paris | Reuters — French agricultural co-operative Limagrain has offered to buy the 28.78 per cent of Vilmorin it does not already own in a deal that values one of the world’s biggest seed suppliers at 1.43 billion euros (C$2.13 billion). Limagrain said on Friday it was offering 62.60 euros per Vilmorin share, a premium […] Read more
Canadian Cattlemen Presents: Depth of Field
