Chicago | Reuters — Benchmark Chicago Mercantile Exchange live cattle futures hit the highest in nearly a month on Monday, supported by an improving U.S. slaughter pace and signs of a shrinking U.S. cattle herd, traders said. CME April live cattle futures settled 1.425 cents higher at 144.525 cents/lb. after reaching 144.825 cents, the contract’s […] Read more
U.S. livestock: CME cattle end higher on rising slaughter pace
Hogs up in rangebound trade
U.S. grains: Wheat slides on U.S. weather, reduced fears over Ukraine
Corn down, soybeans up
Chicago | Reuters — U.S. wheat futures fell more than three per cent on Monday to their lowest in nearly two weeks on forecasts of welcome moisture in the U.S. Plains wheat belt and waning fears of imminent conflict between Russia and Ukraine, traders said. Corn futures followed wheat down, turning lower in a retreat […] Read more
Canary seed prices likely to be good in 2022
MarketsFarm — Prices for canary seed spiked to all-time new highs and then pulled well back as the Prairie winter set in, according to David Nobbs of Purely Canada Foods in Saskatoon. Nobbs explained prices were on a rollercoaster in 2021, starting out at around 30 cents per pound only to climb through the 30s […] Read more
Vaccine protest jams southern Alberta border crossing
Premier, transportation minister called for blockade to disperse
UPDATED, Jan. 31 — A major supply chain corridor between Alberta and the U.S. remained blockaded through into Sunday evening by vehicles in protest of mandates requiring foreign truckers entering Canada and the U.S. to be vaccinated. The protest on Highway 4 at the Coutts, Alta. border crossing, about 100 km southeast of Lethbridge, began […] Read more
Philippines ends import block on Canadian beef
Ban imposed following atypical BSE finding
The Philippines has lifted the temporary suspension on imports of Canadian beef it imposed after the discovery of Canada’s first case of BSE in six years. Manila had announced its temporary ban following the confirmation in mid-December of atypical BSE (bovine spongiform encephalopathy) in a beef cow in central Alberta. Korea imposed and later lifted […] Read more
Year-end profits up for CN, CP despite lower grain handles
Railways' ledgers weather drought, B.C. disasters
Both of Canada’s big two railways were able to improve their overall gross and net in 2021 over 2020 despite a yield-robbing drought and disastrous track and bridge washouts in southern British Columbia. Canadian National Railway (CN) on Tuesday reported 2021 net income of $4.892 billion on $14.477 billion in gross revenue, up from $3.784 […] Read more
Chicken abuse caught on video nets $600,000 in fines
Sofina Foods, chicken-catching company fined; other charges stayed
A poultry processor and its “chicken-catching” service provider whose handling of chickens in British Columbia wound up on network TV are now each on the hook for $300,000 in fines. The fines were levied against Sofina Foods and Elite Farm Services after the two companies pled guilty to two counts each of Health of Animals […] Read more
Richardson crush plant workers to vote on new offer
UFCW team endorses latest offer
Unionized workers at Richardson International’s oilseed crush plant at Lethbridge, Alta. will vote Tuesday and Wednesday on a new offer from the company after rejecting a previous proposal. United Food and Commercial Workers (UFCW) Local 401 announced Tuesday (Jan. 25) its negotiating committee “fully endorses” the new offer after the company’s Richardson Oilseed division “enhanced […] Read more
Prairie cash wheat: Bids mixed amid conflicting influences
MarketsFarm — Wheat bids across Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by the supportive influence of a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $7.60-$11.60 per tonne, according to price quotes from a cross-section […] Read more
U.S. grains: Soybeans surge on weather concerns
CBOT wheat rises after slide
Chicago | Reuters — Chicago soybean futures surged on Friday, reaching highs not seen since last summer, as the market anticipated drought losses in South America that could curb global export supplies. Wheat rose after a two-day slide, attracting bargain-buying and traders hunting for short-covering, as investors closely monitor a standoff between Russia and the […] Read more
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