Reuters — Pot producer Hexo Corp. said Tuesday it will close three production sites in Canada in early 2022, affecting 155 employees, as part of its integration plans following recent acquisitions. Gatineau, Que.-based Hexo said it will cease operations at its Kirkland Lake and Brantford facilities in Ontario at the end of January and at […] Read more
Pot company Hexo to shut production sites, cut jobs
CBOT weekly outlook: USDA report sparks rally, but likely to wane
MarketsFarm — There has been a rally at the Chicago Board of Trade (CBOT) following the release of the monthly supply and demand report from the U.S. Department of Agriculture (USDA — but it’s unlikely for that rally to continue, an analyst said. Soybeans jumped in excess of 25 cents per bushel in the nearby […] Read more
U.S. grains: Soy jumps on USDA’s surprise cut to yield estimates
Traders had expected a higher soy yield; U.S. corn carryout seen lower than last month
Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures soared on Tuesday after the U.S. Department of Agriculture reduced its estimate for domestic yields, surprising traders who were expecting an increase. USDA pegged production at 4.425 billion bushels on a yield of 51.2 bushels per acre in a monthly crop report. That was […] Read more
Klassen: Feeder market on soft slope
Compared to last week, western Canadian yearling prices were steady to $2 lower on average while calves traded steady to as much as $4 lower in certain regions; calves under 550 pounds were quoted $3-$6 below week-ago levels. Barley and wheat prices continue to percolate higher, causing a defensive sentiment amongst buyers. Southern Alberta and […] Read more
U.S. livestock: CME live cattle at two-month high on strong beef demand
December hogs follow pork lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a two-month high on Monday amid expectations for solid demand for beef, traders said. Gains in cash cattle prices last week helped support futures, traders said. Meat packers killed an estimated 121,000 cattle at U.S. slaughtering plants on Monday, unchanged from a week ago, […] Read more
Pulse weekly outlook: Manitoba dry beans dip in yields, prices
MarketsFarm — This year’s dry bean harvest in Manitoba has only produced about two-thirds of an average annual yield, according to the province’s expert on pulses. Dennis Lange, pulse specialist for the Manitoba government at Altona, said all but a few acres have come off the fields. Due to drought conditions this summer, however, the […] Read more
EU’s bird flu outbreaks reach Poland
Country's outbreaks hit farms totalling 650,000 birds
Paris | Reuters — Poland has reported several outbreaks of highly pathogenic H5N1 bird flu at poultry farms with flocks totalling nearly 650,000 birds, the World Organization for Animal Health (OIE) said on Monday. Poland is the European Union’s largest poultry producer. Five outbreaks, of which four were at fattening turkey farms and one at […] Read more
U.S. border reopens to Canadian land travelers
Travel business sees 'tremendous pent-up demand'
Toronto | Reuters — A steady stream of Canadian visitors, particularly retirees headed to U.S. sun spots, crossed the U.S. border by car on Monday for the first time in 20 months as Washington lifted travel restrictions. Traffic was heavy at times at some U.S. border posts such as Bluewater Bridge, Michigan near Sarnia, Ont., […] Read more
U.S. grains: Soybeans, corn sag before USDA report
Traders await department's crop and inventory forecasts
Chicago | Reuters — Chicago Board of Trade soybean and corn futures slumped on Monday as traders adjusted positions before the release of key U.S. Department of Agriculture crop and inventory forecasts on Tuesday. Big U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering […] Read more
U.S. livestock: Live cattle end higher, lean hogs eases
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures finished higher on Friday and gained about 1 percent for the week, helped by solid export demand, traders said. Demand from China has been particularly strong, fueled by the appetites of a growing Chinese middle class and diplomatic tensions with rival supplier Australia. The U.S. […] Read more
Canadian Cattlemen Presents: Depth of Field
