Farm and construction equipment maker CNH Industrial on Wednesday lowered its 2024 profit forecast for the second time, as slowing demand for its tractors and combines keeps hopes for a recovery in the second half of the year muted.
Daily news
CNH Industrial lowers profit forecast on slow demand for farming products
CBOT weekly: Good weather weighs on soybeans/corn, with more room to downside
A lack of any major weather concerns kept soybean and corn futures at the Chicago Board of Trade trending lower during the last week of July, with many months hitting contract lows.
Farm writer and political fundraiser Mark Kihn passes
After a long struggle with cancer, Mark Kihn, the former owner and publisher of the Charolais Banner, has died. Outside the beef industry, Kihn is likely best known for his work fundraising for Stephen Harper, rustling up over $3.5 million for Harper’s two leadership campaigns.
Manitoba Crop Report: Early crops ready for harvest
Fields across Manitoba saw variable amounts of precipitation as crops continued to develop under hotter temperatures during the week ended July 28, according to the province’s weekly crop report.
Prairie forecast: Cooler weather coming, but little precipitation
Forecast issued July 31, covering July 31 to August 7, 2024
It's looking like we'll soon see an end to the hot conditions of the last few weeks as upper ridging collapses and the upper flow across the Prairies moves to a straight west-to-east flow. Under this pattern, we should see textbook summer conditions. The only downside is there aren't many chances of precipitation.
U.S. livestock: CME lean hogs turn down on seasonal dip
Chicago Mercantile Exchange (CME) live and feeder cattle futures turned higher on Tuesday as the cash cattle market remained strong, while lean hogs turned lower as traders anticipated slowing ham sales.
US to spend $10 million to curb bird flu in farm workers
CDC plans vaccine push; says risk to general public remains low
The U.S. Centers for Disease Control and Prevention said on Tuesday it plans to spend $10 million to curb farm worker bird flu infections, including $5 million for seasonal flu vaccines, as part of its efforts to avoid further spread and mutation of the virus.
Klassen: Western Canadian yearling prices hit fresh record highs
The year-over-year decline in last year’s calf crop has caused the market to set new records. Larger finishing feedlots are setting the price structure as many of these lots have seasonal low inventory. The quality of yearlings coming off grass is excellent with buyers shopping for feed efficiencies.
Pulse Weekly: Pea prices decline as harvest gets closer
Delivered prices for green peas across the Prairies ranged from C$12.50 to C$14.21 per bushel as of July 26, according to Prairie Ag Hotwire. The latter price was down C$4.27 from last month but only four cents lower than last year. For yellow peas, delivered prices ranged from C$9.75 to C$11.40/bu., down C$1.60 from last month and down C$1.40 from last year.
U.S. grains: Soy tumbles to 2020 lows as rains seen aiding US crops
Chicago soybean prices plunged on Monday to the lowest since October 2020, as forecasts for rain in the U.S. crop belt alleviated concerns over the potential impact on crop yields from hot and dry weather.
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