MarketsFarm — Alberta feedlots are only buying feed barley and wheat on a hand-to-mouth basis as demand remains unchanged, according to a local trader. “A lot of the feedlots we work with are buying what they needed and getting covered,” said Agfinity Inc. senior trader Erin Harakal from Stony Plain, Alta. High-delivered bids are $12.93 […] Read more
Feed weekly outlook: Alberta bids see slight gains
Second high-path avian flu case appears in Newfoundland
Case involves non-commercial 'small flock' farm in same area
A new appearance of highly pathogenic avian flu in birds at another farm on Newfoundland’s Avalon Peninsula isn’t expected to affect Canada’s status as free of avian flu. The Canadian Food Inspection Agency reported Tuesday it had confirmed ‘high-path’ H5N1 avian influenza (AI) on Sunday in birds at an “additional” farm in the region. It […] Read more
Scoular fires up flax processing near Regina
Plant to process flax for food- and feed-grade markets
U.S. grain handler Scoular’s Canadian arm has opened a new flax processing operation at its site just southeast of Regina, into what it describes as a record-strong flax market. Scoular Canada on Wednesday announced the opening of its “high-speed” flax line at Richardson, Sask., where it already processes and cleans lentils, peas and canary seed. […] Read more
ICE weekly outlook: Despite declines, signs point to increases for canola
MarketsFarm — Although old-crop canola was falling back midway through the week of Jan. 10, analyst David Derwin of PI Financial in Winnipeg said the oilseed should “grind higher” in weeks to come. “The fundamentals haven’t changed at all — they’re not going to get more canola out of the ground until the fall,” he […] Read more
CBOT weekly outlook: ‘No fireworks’ in January USDA reports
MarketsFarm — Updated supply/demand data from the U.S. Department of Agriculture were slightly bearish for grains and relatively neutral for soybeans, although there were no real surprises, according to an analyst. “There were no fireworks out of this report,” said Terry Reilly of Futures International in Chicago. World numbers put some pressure on wheat futures, […] Read more
U.S. livestock: Hog slaughter hits five-month low on Omicron spread
CME hogs up, cattle down
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on bargain buying on Wednesday, traders said, though U.S. pig slaughtering sank to its lowest level since August as rising cases of the Omicron coronavirus variant hit meat plants. Live cattle and feeder cattle futures slumped as traders remain concerned that the highly contagious […] Read more
U.S. grains: Wheat futures fall on bigger-than-expected plantings, stocks
Winter wheat plantings exceed analysts' expectations; USDA also cuts corn, soybean crop estimates in South America
Chicago | Reuters — U.S. wheat futures extended losses on Wednesday after the U.S. Department of Agriculture projected that domestic farmers planted more acres than traders anticipated. Larger-than-expected USDA estimates for wheat inventories added pressure on the market, analysts said, after supply concerns drove Chicago Board of Trade futures prices to nine-year highs in November. […] Read more
Ontario to extend labour-related crop loss coverage
Losses due to COVID-19-related labour disruptions covered
A temporary crop insurance expansion that covers Ontario farms against crop losses due to “on-farm labour disruptions” caused by COVID-19 will be held over for yet another year. Agricorp, the province’s farm program delivery agency, announced in late December the feature first introduced in 2020 will be included again in 2022, at the same coverage […] Read more
U.S. livestock: CME cattle futures end higher in short-covering bounce
Hogs extend slide
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, on a technical bounce a day after falling to three-week lows, with optimism about a slight improvement in the U.S. slaughter pace lending support, traders said. But worries about slowdowns at packing plants due to worker shortages continued to hang over […] Read more
U.S. grains: Wheat up on export business
Corn, soy firm ahead of USDA data
Chicago | Reuters — U.S. wheat futures rose about one per cent on Tuesday on a pickup in global export business and short-covering ahead of several key U.S. Department of Agriculture reports due on Wednesday, traders said. Corn and soybean futures edged higher ahead of the reports, which will include updated estimates of U.S. 2021 […] Read more
Canadian Cattlemen Presents: Depth of Field
