Chicago | Reuters — Chicago Mercantile Exchange hog futures firmed slightly on Tuesday after falling their daily trading limit in the previous session. Traders said the market had run out of steam after rallying to their highest since June 2014 last week. “There no doubt remains questions about the belly’s staying power at these levels […] Read more
U.S. livestock: Hog futures edge higher after limit down move
CME cattle futures weak
Klassen: Stronger demand drives feeder market
Compared to last week, western Canadian yearling prices were $3 to as much as $6 higher, but calf prices were relatively unchanged. Major feedlot operators were very aggressive on heavier calves and yearlings weighing 700-850 lbs. Yearlings over 850 lbs. were also well bid but not as strong as their lighter-weight counterparts. Feed barley prices […] Read more
Montreal longshoremen to strike on weekends
Exporters again call for feds to step in
Exporters of Canadian crops and other goods have amped up calls for federal intervention after longshore workers at the Port of Montreal declared a “partial” strike affecting weekend and overtime work. The Syndicat des debardeurs du port de Montreal (SCFP/CUPE Local 375) said Saturday they had filed 72 hours’ strike notice, to take effect Tuesday […] Read more
U.S. grains: Soybean futures drop as soyoil crumbles
Corn, wheat futures also weak
Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Monday, led lower by the soyoil market’s decline to its lowest in nearly six weeks on bearish data about palm oil supplies, traders said. “The bean oil led the beans up and it looks like they are going to lead them down,” said […] Read more
U.S. livestock: Lean hogs limit-down off highest in nearly seven years
Follow-through selling drags on live cattle
Chicago | Reuters — Chicago Mercantile exchange lean hog futures dropped sharply on Monday, with numerous contracts closing down the daily three-cent limit on a round of profit-taking after the front-month contract hit its highest since June 2014 last week. “We have had a strong run and we are coming up a little bit short […] Read more
On-farm cybersecurity campaign gets backing
Glacier FarmMedia to link up with federally-funded project
A campaign to assess, reinforce and promote cybersecurity across Canada’s ag sector — partly through this website and its sister publications and events — has been tapped to receive multi-year federal funding. Public Safety Minister Bill Blair on March 25 announced over $500,000 over four years through the federal Cyber Security Co-operation Program for the […] Read more
Bayer, Corteva in ‘two-dog battle’ over U.S. soy market
Companies' GM soybeans jockey for market share
Chicago | Reuters — Bayer is launching a new genetically modified soybean in the United States, striking back against rival Corteva in a bid to retain its dominant position supplying seeds to the $40 billion U.S. soy industry. Billions of dollars are on the table for companies producing a growing variety of seeds for soybeans, […] Read more
CBOT weekly outlook: Focus to shift after USDA’s largely stand-pat WASDE report
MarketsFarm — There was little change in U.S. markets shortly after the release of the latest supply and demand estimates from the U.S. Department of Agriculture (USDA). But that scenario could change for wheat markets, said Steve Georgy, president of Allendale Inc. at McHenry, Ill. “We’ve got to pay attention to how the wheat markets […] Read more
Prairies hit hard by drought
Parts of south-central, southwestern Manitoba among driest
MarketsFarm — A new nationwide drought map released by Agriculture and Agri-Food Canada’s Canadian Drought Monitor (CDM) shows just how dry conditions are in the Prairies, especially in Manitoba and Saskatchewan. Areas in southern Manitoba and southern Saskatchewan have experienced at least six months of drought conditions, according to CDM’s drought assessment as of March […] Read more
U.S. grains: Corn eases after WASDE report
Wheat futures firm on tight stocks; soybeans fall on South American production
Chicago | Reuters — Chicago corn ended lower on Friday after the U.S. Department of Agriculture assessed global supply and demand within analyst estimates. Wheat strengthened as global supply shrank on Chinese feed consumption, while soybeans eased on larger stocks in South America. The most active corn contract on the Chicago Board of Trade ended […] Read more
Canadian Cattlemen Presents: Depth of Field
