Chicago Mercantile Exchange feeder cattle futures dropped on Wednesday, while live cattle rose in a turnaround from losses during the previous session, according to analysts.
Daily news
U.S. livestock: Feeder cattle ease on strong corn prices
U.S. grains: Corn futures rise after big US grain sale to Mexico
Chicago Board of Trade corn futures rose on Wednesday after the U.S. Department of Agriculture said exporters reported the biggest daily export sale of the grain in more than a year.
New Canada Water Agency to tackle water pollution and protect natural resources
The newly-launched Canada Water Agency will protect the country's water from pollution and damaging effects of industrial and agricultural activities, Federal Environment Minister Steven Guilbeault said today.
ICE canola weekly outlook: Weak soybeans a “problem”
The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.
Canadian Grain Commission predicts financial shortfall
In a release Oct. 16, the organization said that “Since the Canadian Grain Commission reduced its official inspection and weighing fees in 2021, the organization has inspected and weighed lower-than-expected grain volumes, leading to a gap between revenue and costs.”
‘Awful reality’: Australian government spends $95 million to fight deadly bird flu
The Australian government has committed A$95 million (C$87.2 million) to fight a virulent strain of bird flu wreaking havoc globally. With the arrival of millions of migratory birds this spring, there is an increased risk of a deadly strain arriving in Australia, known as highly pathogenic avian influenza (HPAI) H5N1.
Prairie forecast: No snow – yet
Forecast issued Oct. 16, covering Oct. 16 to 23, 2024
As we work our way towards winter, we'll eventually have to start talking about snow... but it looks like that type of weather is at least another week away. Instead, the models show unseasonably warm weather continuing across much of the Prairies over this forecast period.
Canada labour minister proposes new mediator for Montreal port workers strike
Federal Labour Minister Steve MacKinnon on Tuesday proposed the appointment of a special mediator for a 90-day period in a bid to solve the ongoing labour dispute at the Port of Montreal.
U.S. livestock: Cattle futures fall on technical trading, retail price caution
Chicago Mercantile Exchange live cattle futures dropped on Tuesday in a technical correction from a five-week rally and on concerns that high prices may cool beef demand, according to analysts.
U.S. grains: Corn, soy down on South America rains; crude, equities sell-off
U.S. corn and soybean futures fell for a fourth straight session on Tuesday and hit multi-week lows, guided by sharp declines in equities and crude oil and forecasts for timely rains in Brazil that have tempered worries about early-season planting delays.
Cyber-Savvy Farmer
