CNS Canada –– Western Canadian feed barley prices remained firm to start the year, with bids having enjoyed a gradual rise from the $190 per tonne range in late November to the current level of $210 per tonne. “Bids have firmed up, not surprisingly it’s kind of popping in January,” said Allen Pirness, a trader […] Read more
Feed barley values seen ‘popping’ in January
Declining wheat futures watch corn for further direction
CNS Canada — U.S. wheat futures have posted large losses over the past three weeks, but will be watching corn to provide some further direction in the near future, according to a wheat broker. The U.S. Department of Agriculture releases a number of closely watched reports on Monday (Jan. 12), including winter wheat seedings, quarterly […] Read more
Brazil exported 3.3 per cent more beef in 2014, industry says
Sao Paulo | Reuters –– Brazil, the world’s top beef exporter, shipped 1.56 million tonnes of meat abroad in 2014, 3.3 per cent more than it did in 2013, industry association Abiec said on Thursday. Volumes exported were near the 2007 record of 1.62 million tonnes. Beef exports by value were a record US$7.2 billion […] Read more
U.S. grains: Wheat, corn slump as export demand weakens
Chicago | Reuters –– U.S. wheat futures fell 2.2 per cent to a six-week low on Thursday on poor export demand and easing concerns about crop damage despite sub-zero temperatures settling in across key U.S. growing regions, traders said. “Yes, it did get very cold overnight,” Joe Barker, market analyst at CHS Hedging said in […] Read more
U.S. livestock: CME hogs near two-year low in active fund selloff
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Thursday sank to their lowest level since March 2013 on liquidation by funds as part of their annual rebalancing of commodity positions, traders said. Funds trading in CME’s lean hogs and live cattle markets simultaneously sold February long positions and bought back months in a […] Read more
Nursery barn Quebec’s sixth case of PED
Another nursery barn in Quebec’s Monteregie is the site of the province’s sixth case of porcine epidemic diarrhea in hogs, provincial officials said Thursday. The infections were confirmed Wednesday through lab tests on fecal samples from a 5,000-hog operation at St-Aime, about 30 km southeast of Sorel, Quebec’s provincial swine health team (EQSP) said in […] Read more
Five-year beef plan seeks boosts in demand, efficiency
A new strategy from national and provincial cattle producer and beef marketing agencies has set five-year percentage benchmarks for the industry’s productivity, added value and cost-effectiveness. Canada’s beef sector groups on Wednesday formally released their National Beef Strategy, a guiding document for “how the organizations can work together to best position the Canadian beef industry […] Read more
Two more Que. hog operations confirmed with PED
Two more hog operations in Quebec’s Monteregie — a nursery operation and a finishing barn — have been confirmed infected with porcine epidemic diarrhea (PED). Quebec’s provincial swine health team (EQSP) announced Wednesday that the two new cases — both in the St-Denis-sur-Richelieu area, about 25 km northwest of St-Hyacinthe — are “epidemiologically linked” to […] Read more
Monsanto profit falls, less sharply than Street expected
Reuters — Monsanto on Wednesday reported a 34 per cent drop in quarterly profit, in part because of lower planted corn acreage in South America and a shift in timing of some sales, but the decline was less steep than analysts expected. Shares of the world’s largest seed company, which is known for its genetically […] Read more
ICE weekly outlook: Weak loonie to underpin canola futures
CNS Canada — The ICE Futures Canada canola market was stronger during the week ended Wednesday, taking some direction from the rally seen in Chicago soybean futures. Soybeans gained about US30 cents per bushel during the week, but canola was lagging to the upside as traders bet the U.S. rally would be short-lived, said Ken […] Read more