For the week ending May 16, Western Canadian feeder markets were steady to $6 higher on average compared to seven days earlier. Heifers were relatively unchanged but steers were notably stronger, especially on replacements over 800 pounds.
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Klassen: Buying interest for feeder cattle subsides
China’s April soy imports from Brazil fall 22.2 per cent from previous year
China's soybean imports from Brazil fell 22.2 per cent in April from a year earlier, data showed on Tuesday, as harvest delays, logistics issues and prolonged customs clearance disrupted shipments.
Canada annual inflation rate falls, but rise in core measures is tricky for central bank
Canada's inflation rate fell to 1.7 per cent in April, largely due to a drop in energy prices after the removal of the consumer carbon tax.
U.S. livestock: Cattle futures, beef boxes recover some losses
Glacier FarmMedia | MarketsFarm – Cattle contracts on the Chicago Mercantile Exchange made small gains on Friday, providing little relief at the end of a tough week. The August live cattle contract gained US$0.900 per hundredweight to close at US$206.750. Meanwhile, August feeder cattle saw an increase of US$1.775/cwt. to end the day at US$297.600. […] Read more
U.S. grains: Wheat stumbles on improved harvest prospects; soy steadies
Chicago wheat futures moved lower on Friday as traders weighed improved yield prospects in the U.S. Plains, though brisk export demand limited losses, traders said.
CWRS bids weaken, but basis improves
Hard red spring wheat bids in Western Canada moved lower during the week ended May 15, as losses in the United States futures weighed on values. However, weakness in the Canadian dollar was supportive and basis levels improved.
Bird flu in top chicken exporter Brazil triggers trade bans
Brazil, the world’s largest chicken exporter, confirmed its first outbreak of bird flu on a poultry farm on Friday, triggering a country-wide trade ban from China and state-wide restrictions for other major consumers.
U.S. livestock: Futures fall, boxed beef prices up
Cattle futures tumbled farther off the contract highs hit earlier in the week on Thursday. Profit taking, as well as comments from Tyson Foods CEO Donnie King that cattle herds were “very close” to a rebuild at a conference on Wednesday, caused August live cattle futures to fall and that pressure continued on Thursday. The […] Read more
U.S. grains: Soybeans drop from 10-month high as biofuel guidance pressures soyoil
Chicago soybean futures on Thursday plummeted from the previous session's 10-month high, pressured by a sharp drop in soyoil caused by concerns over U.S. biofuel targets, traders said.
New agriculture minister hopes to engage farmers
Heath MacDonald says interprovincial trade and Pest Management Regulatory Agency reform are among his priorities
New federal agriculture minister Heath MacDonald hopes to engage farmers across Canada on the issues that matter most.