Beef Cattle, Markets, News

McMillin: Fed cattle prices slowly improving

Posted 2 days ago by Debbie McMillin

Features, Livestock, Markets

2020 was ground zero for online cattle marketing, say producers

Posted on 6 days ago by Jeff Melchior

Markets, News, Prime cuts

Hopes for a more normal year in the cattle industry

Posted on February 12, 2021 by Steve Kay

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General, Markets

Farm cash receipts up in 2020

Crop receipts and direct payments up, livestock slightly lower

By MarketsFarm, GFM Network News 11 hours ago

MarketsFarm — New data from Statistics Canada on Tuesday showed Canadian farm cash receipts went up in 2020, despite the COVID-19 pandemic, on the strength of rising crop prices and exports. The total value of farm cash receipts in the country totalled $71.7 billion in 2020, an 8.1 per cent increase from the previous year. […] Read more

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Crops, Markets, Reuters, Weather

U.S. grains: Soy, corn up on unfavourable South American weather

USDA lowers ratings for Kansas, Texas wheat crops

By Tom Polansek, GFM Network News 11 hours ago

Chicago | Reuters — U.S. grain and soybean futures rose on Tuesday in a turnaround from losses the previous session, as concerns increased about unfavorable weather in crop-growing regions of South America. Traders are watching the effects of heat and dryness in Argentina and rains in Brazil amid worries about potential yield losses. The countries […] Read more

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Livestock, Markets, Reuters

U.S. livestock: Lean hogs down off recent gains

April live cattle end up off five-week low

By Tom Polansek, GFM Network News 11 hours ago

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures dropped 2.7 per cent on Tuesday as the market retreated from recent surges. Profit-taking has weighed on prices since most-active April hog futures reached a life-of-contract high on Thursday. Still, traders said robust Chinese demand for pork imports is underpinning the futures market. Traders are […] Read more

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Currency Markets

Canadian Financial Close: Loonie, Canada’s GDP climb

By GFM Network News 15 hours ago

WINNIPEG, March 2 (MarketsFarm) – The Canadian dollar strengthened against the U.S. dollar on Tuesday after a Statistics Canada report showed that its gross domestic product (GDP) increased 0.5 per cent in January. In 2020, the economy contracted by 5.4 per cent. The loonie finished at US$0.7920 or US$1=C$1.2626, compared to Monday’s close of US$0.7898 […] Read more

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Futures

North American Grain and Oilseed Review: Strong gains for canola

A turnaround Tuesday for U.S. markets

By GFM Network News 16 hours ago

By Glen Hallick, MarketsFarm WINNIPEG, March 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Tuesday, gleaning strength from gains in the Chicago soy complex. Additional support came from increases in European rapeseed, while declines in Malaysian palm oil weighed on values. Dwindling canola supplies remained supportive. The Prairie weather will soon […] Read more

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Finishers, Livestock, Markets

Klassen: Steady demand supports feeder cattle prices

By Jerry Klassen, GFM Network News 19 hours ago

Compared to last week, western Canadian yearling prices were unchanged while calves were steady to $2 higher on average. Auction barns received larger supplies of backgrounded cattle and there was a fair amount of direct trade of yearlings off farm. Larger supplies of heavier-weight feeders appeared to limit the upside but there was no slippage. […] Read more

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Futures

ICE Canola Midday: Stronger U.S. markets pushing up canola

Higher loonie tempering gains

By GFM Network News 20 hours ago

By Glen Hallick, MarketsFarm WINNIPEG, March 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were pushing higher at midday Tuesday, following a “snap-back in the United States markets,” according to a Winnipeg-based trader. In a turn-around Tuesday at the Chicago Board of Trade (CBOT), the soy complex was stronger with additional support for canola […] Read more

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Global markets

Global Markets: Canadian economy shrinks, but in recovery

By GFM Network News 21 hours ago

WINNIPEG, March 2 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada announced both bad news and good news on Tuesday. Canada’s economy contracted by 5.4 per cent in 2020, which made it the worst documented year for the country’s economic output. Despite the gloomy […] Read more

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Futures

ICE canola up Tuesday morning

By GFM Network News 21 hours ago

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 2 (MarketsFarm) – The ICE Futures canola market was stronger Tuesday morning, underpinned by the ongoing need to ration tight old crop supplies. European rapeseed futures hit contract highs overnight, lending spillover support to the Canadian oilseed as well. However, Malaysian palm oil was softer and the Chicago Board […] Read more

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Currency Markets

Canadian Dollar and Business Outlook: Loonie above 79 U.S. cents

Canadian economy expands in January

By GFM Network News 22 hours ago

Compiled by Glen Hallick, MarketsFarm WINNIPEG, March 2 (MarketsFarm) – The Canadian dollar was higher Tuesday morning, buoyed by good economic news from Statistics Canada and by rising crude oil prices. As of 8:47 CST, the Canadian dollar was at US$0.7907 or C$1.2650, compared to Monday’s close of US$0.7898 or C$1.2661. Statistics Canada issued a […] Read more

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