Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Monday as the U.S. Department of Agriculture reduced its domestic pork production estimates for this year and next year. The USDA cut its production estimates because of reduced expectations for commercial hog slaughtering in the second half of the year, according to a […] Read more
U.S. livestock: Hog futures rise as pork production estimates cut
Feeder cattle down on rising grain values
U.S. grains: Wheat futures rally after U.S. slashes harvest estimates
Agency raises U.S. corn crop forecast from June
Chicago | Reuters — U.S. wheat futures climbed on Monday on lower-than-expected production estimates for domestic crops damaged by searing weather and drought, analysts said. Corn and soybean futures also jumped. The U.S. Department of Agriculture, in a monthly report, slashed its harvest outlook for spring wheat other than durum by 41 per cent from […] Read more
CN, CP trains ordered to slow down against fire risk
Ministerial order in effect until Oct. 31
A new federal ministerial order calls for Canada’s big two railways to significantly cut their train speeds in any areas deemed to be at an “extreme” fire risk. “With extreme weather events occurring more severely and frequently in Canada due to climate change, it is important to have an adaptive regulatory system that responds to […] Read more
Anthrax kills southeastern Saskatchewan sheep
Spores forced up by changes in soil moisture
Dramatic shifts in soil moisture are again bringing anthrax spores to the surface on the Prairies, this time in a southeastern Saskatchewan sheep pasture. Lab results on Wednesday confirmed anthrax as the cause of death of one animal in a flock of sheep in the R.M. of South Qu’Appelle, about 50 km east of Regina, […] Read more
Net long position in canola nears lowest level of past year
MarketsFarm — The managed money net long position in canola has edged down over the past few months, moving to its lowest level in nearly a year in the latest commitment of traders report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position […] Read more
U.S. grains: Rain pushes corn to 12 per cent weekly drop
Soybeans, wheat hesitant as dry northern U.S. still a concern
Chicago | Reuters — Chicago corn futures dipped on Friday, losing 12 per cent for the week as rain and moderate temperatures were expected to boost U.S. Midwest crops. Wheat followed lower, but was propped up by drier conditions across the northern U.S. Plains, while soybeans inched higher on long-term forecasts returning to hot, dry […] Read more
U.S. livestock: CME live cattle ease as cash market diverges
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased for a third session on Friday as futures markets tried to read conflicting cash markets, traders said. “We have the (U.S.) south backed up on cattle, trying to get cattle moved through,” said Scott Varilek, broker at Kooima Kooima Varilek Trading Inc. “There’s tighter […] Read more
Feds halt CN, CP trains through B.C. wildfire area for two days
'Extended recovery' expected for westbound grain traffic
Updated — A federal ministerial order has been issued halting Canadian National and Canadian Pacific rail movement through the Kamloops area of British Columbia for 48 hours from midnight Friday. Transport Minister Omar Alghabra announced the order late Thursday, ahead of an authorized tour Friday by evacuated residents to the largely-destroyed village of Lytton, about […] Read more
Saputo to buy British cheesemaker Wensleydale
Canadian dairy firm expands U.K. assets
One of the world’s largest dairy processors is set to expand its reach further into the U.K. with a deal for the maker of Yorkshire Wensleydale cheese. Montreal-based Saputo announced Monday it has an all-cash deal in place to buy Wensleydale Dairy Products Ltd. for 23 million pounds (about C$39.7 million). Pending U.K. regulatory approvals, […] Read more
Richardson to buy major U.S. durum processor
Italgrani's milling, grain handling assets to go to Winnipeg firm
Agrifood firm Richardson International is set to expand and further diversify its grain processing space with a deal for what’s billed as North America’s single largest durum flour and semolina miller. The Winnipeg company said Thursday it will buy 100 per cent of the shares in Italgrani USA Inc., whose assets include a mill, elevator […] Read more
Canadian Cattlemen Presents: Depth of Field
