Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Weakness in deferred live cattle futures and uncertainty in the feed grain market tempered the upside for all weight categories of replacement cattle. Alberta packers were buying fed cattle on a dressed basis in the range of $288-$290 delivered, steady to $2 lower […] Read more
Klassen: Steady demand supports feeder cattle prices
Kremlin says Putin ready to facilitate grain exports via Ukraine ports
Russia says will work with Turkey
London | Reuters — President Vladimir Putin said Monday that Russia was ready to facilitate the unhindered export of grain from Ukrainian ports in co-ordination with Turkey, according to a Kremlin readout of talks with Turkish President Tayyip Erdogan. Besides the death and devastation sown by Russia’s invasion of Ukraine, the war and the West’s […] Read more
Hepatitis A outbreak linked to organic strawberries
Cases reported in two provinces, three states
Washington | Reuters –– Food safety regulators in both Canada and the U.S. are investigating a hepatitis A outbreak potentially linked to tainted organic strawberries that has sickened 17 people in the U.S. and 10 in Canada, the agencies said. Fifteen illnesses were reported in California, and one each in Minnesota and North Dakota, the […] Read more
Prairie cash wheat: Talk of Black Sea corridor weighs on week’s bids
MarketsFarm — The prospect of Russia allowing food shipments to leave Ukraine — albeit with a few concessions — was the key factor in declining bids for western Canadian wheat during the week ended Thursday. Russian Deputy Foreign Minister Andrei Rudenko on Wednesday said his country is ready to provide a humanitarian corridor in the […] Read more
U.S. livestock: Cattle, hog futures fall as feed costs rise
Pre-Memorial Day consolidation seen
Chicago | Reuters — CME Group hog and cattle futures eased on Friday, with rising soy and corn futures raising feed costs for livestock producers. Traders noted consolidation trade ahead of the U.S. Memorial Day holiday weekend. U.S. grain and livestock markets will be closed on Monday. The nearby June hogs contract fell 0.7 cent, […] Read more
U.S. grains: Corn, soybean, wheat futures up ahead of holiday
Wheat gains as U.S. rejects easing sanctions
Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Friday, supported by forecasts for rain that could slow the tail end of planting in the U.S. Midwest. Wheat futures also were higher, with traders exiting bearish positions ahead of the U.S. Memorial Day holiday weekend. U.S. markets will be closed […] Read more
Fertilizer maker Yara says world faces extreme food supply shock
Sanctions cut global fertilizer supply 15 per cent, company says
Davos, Switzerland | Reuters — Norwegian fertilizer giant Yara says donors urgently need to close the U.N.’s $10 billion food programme funding gap to avoid a catastrophe as sanctions on Russian fertilizers and Ukraine’s grain export problems have created an extreme global shock. “The world has realized that food can be a weapon and it […] Read more
U.S. grains: Rainy forecast pushes soy to three-month high
Wheat mixed, corn weak
Chicago | Reuters — U.S. soybean futures rallied 2.7 per cent to a three-month high on Thursday as the latest weather forecasts for key northern growing areas turned wet again, threatening to add further delays to planting that was already well behind schedule, traders said. Corn futures were weaker on pressure from disappointing export data […] Read more
U.S. livestock: June hogs touch four-week high
June, August live cattle futures up slightly
Chicago | Reuters — CME Group hog futures rose to their highest level in more than a month on Thursday, supported by strong exports and concerns about a slowing slaughter, traders said. Cattle futures ended the trading day close to unchanged. The U.S. Agriculture Department on Thursday morning said that export sales of pork totaled […] Read more
Deere tapping into Apple-like tech model to drive revenue
'Hopefully the costs will be paid back in the long run'
Bondurant, Iowa | Reuters — Deere and Co. has sold its tractors and other equipment to farmers for decades, but the world’s largest agriculture machinery manufacturer is tearing a page from the technology world’s playbook — combining cutting-edge hardware with software and subscription models to drive revenue growth. In a world with a dwindling number […] Read more
Canadian Cattlemen Presents: Depth of Field
