Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Monday on spillover strength from outside markets including Wall Street, as well as firm wholesale beef prices and worries about hot weather stressing cattle in the Plains and Midwest, traders said. CME August live cattle futures settled up 0.7 cent at 135.625 cents/lb., […] Read more
U.S. livestock: Cattle, hog futures up on hot spell, firm meat prices
Heat wave lowers animals' rate of gain
U.S. livestock: Cattle futures weak, hogs slightly higher
Futures gain on the week
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell for the second day in a row on Friday, with expectations that supplies will outstrip demand in the coming months. The most-active August live cattle futures dropped 0.475 cent to settle at 134.925 cents/lb. (all figures US$). The contract fell below its 10-day moving average […] Read more
Prairie cash wheat: Bids trend lower with U.S. futures
MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Friday, as losses in U.S. futures more than countered the supportive influence of the weakening Canadian dollar. Seasonal harvest pressure contributed to the declines, as the U.S. winter wheat harvest progressed northward. Average Canada Western Red Spring (CWRS, 13.5 per cent […] Read more
Biden steps in to help end freight rail labour disputes
Disputes dragging at BNSF, Union Pacific
Washington | Reuters — U.S. President Joe Biden on Friday signed an executive order creating an emergency board to help resolve disputes between major freight rail carriers and their unions, in a move that could help loosen up some supply chain constraints. The order came ahead of a deadline next week to intervene in nationwide […] Read more
Denmark’s Royal Unibrew to buy Toronto’s Amsterdam Brewery
Brewer seeks new capacity in North America
Corrected, July 18 — Copenhagen | Reuters –– Danish brewer and beverage maker Royal Unibrew will acquire Toronto craft brewer Amsterdam Brewery in a deal valued at around 250 million Danish crowns (C$44 million), Royal Unibrew said in a statement on Friday. “The acquisition we are doing today is very important for the future growth […] Read more
U.S. grains: CBOT wheat hits five-month low
Corn, soy firm on U.S. weather outlook
Chicago | Reuters — Chicago Board of Trade wheat futures tumbled to a five-month low on Friday, with hopes for a pick-up in exports from war-torn Ukraine threatening the recent gains made in demand for U.S. supplies, traders said. Corn futures firmed again, their seventh gain in the last eight sessions, on concerns about hot […] Read more
Feds boost Living Labs’ reach to all provinces
Nine projects, including first-Indigenous led lab, share $54M
The first crop of federally-funded “Living Labs” backed by the Agricultural Climate Solutions (ACS) program, set up to prove carbon-sequestering on-farm processes, takes the concept to the six provinces where such farm-level labs weren’t yet in place. Agriculture Minister Marie-Claude Bibeau, speaking Thursday in Calgary, announced $54 million from the $185 million, 10-year ACS program […] Read more
Feed weekly outlook: Grains under pressure awaiting new crop
Farmers 'digging in and being patient'
MarketsFarm — Feed grain bids in Western Canada continue to come under pressure, as feedlots chew through corn imports from the United States and wait on the new-crop harvest. “We’re certainly seeing things soften,” said grain trader Shaun Smith of Market Place Commodities in Lethbridge. Declines in the Chicago futures and good Prairie growing conditions […] Read more
As Ukraine grain deal emerges, U.S. aims to ease concerns over Russia sanctions
Washington | Reuters –– The United States on Thursday sought to facilitate Russian food and fertilizer exports by reassuring banks, shipping and insurance companies that such transactions would not breach Washington’s sanctions on Moscow over its invasion of Ukraine. Enabling those Russian exports is a key part of attempts by the United Nations and Turkish […] Read more
U.S. grains: Wheat futures extend losing streak
Soybeans weak, corn firm
Chicago | Reuters — U.S. wheat futures fell for the fourth straight day on Thursday on optimism about a deal that could lead to the resumption of Ukrainian Black Sea grain exports, traders said. Corn futures rose for the sixth time in seven sessions on growing concerns about hot weather stunting crop development in the […] Read more
Canadian Cattlemen Presents: Depth of Field
