Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Calves in the range of 600-800 lbs. traded steady to $4 higher. Calves under 600 lbs. were $1-$2 higher in Alberta and Saskatchewan but traded $2-$3 lower in Manitoba. Alberta feedlot operators appeared to shrug off the geopolitical events last […] Read more
Klassen: Feeder market shows resilience
Environment Canada calls for colder-than-normal Prairie spring
MarketsFarm — Colder-than-normal temperatures are in the long-range forecast across most of the Canadian Prairies, according to the latest long-range outlook from Environment Canada. The latest seasonal forecast from the government agency, released Monday, calls for a 40-50 per cent chance of below-normal temperatures from March through May for most of the three Prairie provinces, […] Read more
U.S. livestock: CME live cattle fall, feeder cattle lowest since November
April, June hogs down on day
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell to their lowest level in more than a month on Monday as beef prices weakened and some traders reduced risk amid uncertainty over Russia’s invasion of Ukraine, analysts said. Feeder cattle futures fell to their lowest price since November and lean hogs also slumped. […] Read more
EU predicts pain for farmers, consumers from Ukraine crisis
Brussels | Reuters — Russia’s invasion of Ukraine and EU sanctions on Moscow will prove painful for farmers, consumers, fertilizer makers and exporters of farm products, the European Commission warned on Monday. Michael Scannell, deputy director-general of the Commission’s agriculture division, said grain buyers should brace for higher prices given that Russia and Ukraine made […] Read more
Engine maker Cummins says expects ‘some impact’ in Russia
Deere says will abide by sanctions
Reuters — Diesel engine maker Cummins Inc. expects “some impact” to its business in Russia and is analyzing and preparing for current and anticipated sanctions, the U.S. truck engine maker said in an e-mailed statement on Monday. Many firms have idled operations in Russia after it invaded Ukraine last week, resulting in powerful Western sanctions. […] Read more
Ukraine’s ports to stay closed until Russian invasion ends
London | Reuters — Ukrainian ports will remain closed until Russia’s invasion ends, the head of Ukraine’s Maritime Administration said on Monday, adding that the port of Mariupol has sustained damage from Russian shelling. Russia invaded Ukraine on Feb. 24, calling its actions a “special operation.” “The ports will be shut until the end of […] Read more
U.S. grains: Corn limit up on Russia-Ukraine supply fears
Egypt cancels wheat tender amid market turbulence
Chicago | Reuters — Chicago Board of Trade corn futures jumped by their daily limit on Monday, while wheat futures spiked after hitting 13-1/2-year highs on Friday on concerns that Russia’s attack against Ukraine will continue to disrupt grain shipments from the Black Sea region. Soy futures also rallied as the conflict limited vegetable oil […] Read more
Prairie cash wheat: Spring wheat bids higher, activity choppy
MarketsFarm — Spring wheat bids across Western Canada moved higher during the week ended Thursday as gains in U.S. futures and a weaker tone in the Canadian dollar provided support. Russia’s invasion of Ukraine contributed to gains in wheat futures, but the volatile situation led to large price swings in the markets with values backing […] Read more
U.S. grains: Wheat limit down as Ukraine conflict assessed
Corn off eight-month peak, soybeans off 9-1/2-year top
Chicago | Reuters — U.S. wheat futures tumbled on Friday in a profit-taking setback after peaking earlier at the highest level since mid-2008 as investors turned back to equities and traders assessed potential disruption to supplies from Russia’s invasion of Ukraine. Corn eased from Thursday’s eight-month peak, while soybeans slipped from a 9-1/2-year top in […] Read more
U.S. livestock: CME cattle down on lower cash prices
Chicago lean hogs extend decline
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped on Friday as cash market prices this week were lower than anticipated, while lean hog futures dropped for a third straight session. Weakening wholesale beef prices added pressure to live cattle, along with adequate supplies of animals available to packers through the summer. The […] Read more
Canadian Cattlemen Presents: Depth of Field
