A dairy product class set up to boost markets for solids non-fat (SNF), by boosting their use in animal feed such as milk replacer, has been expanded to include more products. The Canadian Dairy Commission announced Monday that its 4(m) milk class has been updated to allow dairy processors to get the 4(m) permit price […] Read more
Canadian feed-grade dairy product class expanded
Buttermilk products now qualify for 4(m) permit price
Klassen: Feeder market bounces on optimistic outlook
Feed barley remains near historical highs
Compared to last week, western Canadian yearling prices traded $2-$4 higher; prices for mid-weight calves were quoted $4-$8 above week-ago levels. Calves under 550 lbs. traded $6 to as much as $10 higher compared to seven days earlier. Improving feedlot margins were the main factor driving the feeder market. June and August live cattle futures […] Read more
Long-range forecast points to cool, wet spring for northern Prairies
MarketsFarm — Central and northern agricultural regions of Saskatchewan and Alberta are forecast to see cooler-than-normal temperatures with above-average precipitation over the next three months, according the latest long-range outlook from Environment Canada. The department’s latest seasonal weather maps, dated Sunday, show a 40-50 per cent chance of above-normal precipitation across most of the northern […] Read more
Oat prices running out of upside
MarketsFarm — Oat prices in Western Canada have shown some strength over the past year, but competition from other crops will likely lead to an acreage reduction this spring despite the firm prices, according to market participants. Ryan McKnight, from Linear Grain at Carman, Man., had seen prices for the crop rise last fall, but […] Read more
U.S. grains: Corn sets new high on export sales
Wheat falls even as Russia considers more export tax
Chicago | Reuters — U.S. corn futures climbed to 7-1/2-year highs on Monday, supported by continued export demand. Soybeans ended slightly weaker after climbing back from a 20-cent drop in earlier trading, supported by a slow Brazilian harvest that could affect exports (all figures US$). Wheat followed soy lower. The Chicago Board of Trade’s most-active […] Read more
U.S. livestock: Profit-taking hits live cattle futures
CME April hogs also down off Friday's high
Chicago | Reuters — U.S. live cattle futures weakened on Monday on profit-taking and as the market pulled back from a one-year high reached last week, traders said. Strong demand for beef has supported cattle futures recently, and beef prices continue to rise. Choice cuts advanced $1.82, to $235.77/cwt, and select cuts climbed $2.98, to […] Read more
Truckload of northbound produce breaks bad at border
Canadian agents find record-level meth haul at Christmas
A produce truck entering Alberta from Montana on Christmas Day turned out to be carrying way more than just essential goods, according to the Canada Border Services Agency. CBSA on Wednesday said charges have now been laid against a 38-year-old Calgary resident after a semi-truckload of produce was referred for further inspection on Dec. 25, […] Read more
Triple-herbicide-tolerant soybean set for limited 2021 release
Bayer's XtendFlex soybeans pick up needed approvals
Bayer Crop Science expects to have “a small volume” of its new XtendFlex soybeans in the Canadian seed market for the 2021 growing season. XtendFlex soybeans, whose trait package is stacked with herbicide tolerance for glyphosate and dicamba as well as glufosinate, will be available in Canada for planting this spring, but not in all […] Read more
U.S. livestock: Live cattle slide on end-month profit-taking
Firm pork prices support CME lean hogs
Chicago | Reuters — U.S. live cattle futures closed lower on Friday as traders booked profits at the end of the week and month, and as Wall Street equity markets declined, traders said. Lower-than-expected cash cattle trades added to bearish sentiment. Market-ready cattle traded in the cash market as high as $113/cwt, traders said, up […] Read more
U.S. grains: Corn sets 7-1/2-year high on China sales
Chicago wheat also up, soybeans firm
Chicago | Reuters — U.S. corn futures rose more than two per cent on Friday and set a multi-year high after China booked its biggest purchase of U.S. corn to date, fueling expectations of tightening global supplies. Wheat futures also rose about two per cent, chasing corn higher, and soybeans firmed as well. Chicago Board […] Read more
Canadian Cattlemen Presents: Depth of Field
