Chicago Mercantile Exchange (CME) lean hog prices ended up slightly on Friday as analysts said a seasonal drop in pork prices toward the end of summer looked less drastic than expected.
Combining in Alberta reached 20 per cent complete as of Aug. 27, according to the latest provincial crop report issued Aug. 30. The harvest was eight points ahead of the five-year average. Also, nine per cent of Alberta’s crops have been swathed and 70 per cent remain standing.
According to a recent news release from Alberta Agriculture and Irrigation, higher combine prices do not yet appear to have affected their sales in Canada.
The Canadian Agri-Food Trade Alliance is closely monitoring China’s response to a new round of Canadian tariffs. The fear is that China may respond with retaliatory tariffs or other trade-restricting measures applied to some Canadian agri-food exports.
Cash wheat prices for Canada Prairie Red Spring Wheat and Canadian Western Red Spring Wheat were higher for the week ended Aug. 29, while those for Canadian Western Amber Durum were mixed.
The U.S. Department of Agriculture is testing to confirm possible cases of bird flu in dairy cattle in California, the nation's biggest milk-producing state, USDA said on Friday.
The Teamsters Canada Rail Conference union representing workers at CN and CPKC said has filed court challenges against rulings by the Canadian Industrial Relations Board, which forced them back to work.
Chicago soybean and corn futures rose on Thursday on short-covering and an uptick in export demand, though expectations for strong U.S. crop production limited gains, traders said.
Chicago Mercantile Exchange (CME) live and feeder cattle futures fell on Thursday on a decline in boxed beef prices, which have slumped leading up to the U.S. Labor Day holiday, analysts said.