Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned higher on Friday amid a flurry of technical trading, even as beef prices continued to see a seasonal downturn, traders said. Cash cattle market trades this week continued to be down $2-$3 per hundredweight (cwt), traders said (all figures US$). The U.S. Department of […] Read more
U.S. livestock: CME cattle turn higher
Chicago lean hog futures mixed
More bovine TB cases found in Saskatchewan herd
Herd now depopulated, one separate contact herd identified
Corrected, July 14 — Postmortem testing of a Saskatchewan cattle herd culled after turning up three confirmed cases of bovine tuberculosis (TB) has yielded six more cases. The Canadian Food Inspection Agency (CFIA), which is tasked with testing the infected herd, said Thursday that as of July 12, a total of eight cases of bovine […] Read more
Feed weekly outlook: Dryness helps push up grain prices
Market seen shifting between 'no need' and 'giant need'
MarketsFarm — As dry conditions continued to take root across much of the Canadian Prairies, feed grain prices have for the most part been climbing, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “The futures are coming up on quite a few commodities, so the prices have been coming up slightly,” Leclerc said […] Read more
Weather outlook not great for Prairie crops
U.S. northern Plains in a similar boat
MarketsFarm — Just when crops across the Canadian Prairies need rain, the outlook to the end of July according to Drew Lerner of World Weather Inc. pointed to conditions getting hotter and drier. “It does not look really good at the moment. We are going to see below normal rainfall and warmer than normal temperatures […] Read more
Preview: Railways, grain shippers at loggerheads over interswitching
Pilot to test expanded radius deemed unnecessary by both sides
Recent legislation has raised the stakes in a decade-long battle between the railways and Canadian grain shippers over the interswitching radius. Interswitching refers to a regulation to ensure shippers located where only a single railway operates can access points that are not served by that railway. The issue is especially concerning for Canadian grain shippers […] Read more
U.S. livestock: CME hog futures gain as pork prices rise
Cattle futures end mixed
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher on Thursday, buoyed by rising wholesale pork prices and firm cash hog values, traders said. The U.S. Department of Agriculture (USDA) quoted the wholesale pork carcass cutout at $110.90 per hundredweight (cwt), up 24 cents from Wednesday, and pork bellies rose $17.08, to […] Read more
UN scrambles to save Black Sea deal ahead of Monday deadline
Russia says has not yet taken final decision
United Nations | Reuters — The European Commission is helping the United Nations and Turkey try to extend a deal allowing the Black Sea export of Ukraine grain and is open to “explore all solutions,” a European Union spokesperson said on Thursday, ahead of the deal’s possible expiration on Monday. The U.N. and Turkey brokered […] Read more
U.S. grains: Corn, soy rally as focus returns to weather, dollar
Wheat traders keep one eye on Black Sea deal
Chicago | Reuters — U.S. corn futures bounced on Thursday on bargain buying after hitting a 2-1/2-year low early in the session while soybeans rose three per cent as traders shifted their focus back to uncertain crop weather and worries about supplies, analysts said. A slump in the U.S. dollar lifted wheat as well as […] Read more
B.C. waterfront work to resume ‘as soon as possible’
BCMEA, ILWU reach tentative four-year deal
Striking longshore workers and their management are “finalizing details” for work to resume at Canada’s West Coast ports after a tentative deal was reached Thursday. The B.C. Maritime Employers Association said in a release Thursday morning it had reached a tentative pact with the International Longshore and Warehouse Union (ILWU Canada) on a new four-year […] Read more
Manitoba dairyman named to lead national body
David Wiens elected president of Dairy Farmers of Canada
The vice-president of Dairy Farmers of Canada has levelled up to lead the organization following elections at its annual meeting Wednesday in Winnipeg. David Wiens, who farms with his brother at Grunthal, Man., about 50 km southeast of Winnipeg, replaces Pierre Lampron, an organic dairy farmer in Quebec’s Mauricie region and DFC president since 2017. […] Read more