Chicago Mercantile Exchange lean hog futures dropped to their lowest level since February under pressure from solid U.S. production on Tuesday, while live cattle futures reached their highest price since March, analysts said.
Chicago Board of Trade wheat futures Wv1 reached their highest level since July on Tuesday as frost damage in top-exporter Russia and lower U.S. crop ratings supported prices, traders said.
Canadian canola exports in both 2023/24 and the upcoming new crop year are unlikely to live up to earlier expectations, causing ending stocks of the oilseed to rise, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released May 21.
The U.S. Centers for Disease Control on Tuesday advised states to aid in H5N1 bird flu surveillance by increasing testing of influenza A virus samples during the summer to help detect even rare cases of transmission of the virus in humans.
The rains that fell onto south, central and northeastern Alberta during the week ended May 14 were a mixed blessing for growers according to the provincial government’s crop report released on May 17.
An employee died Sunday at a Nutrien potash mine in Saskatchewan, temporarily shuttering the operation as the company conducts an investigation, the company said Monday.
For the week ending May 18, Western Canadian yearling markets were trading $3 to $5 higher compared to seven days earlier. Calf prices were relatively unchanged compared to the prior week. The feeder market appears to be consolidating near historical highs.
Chicago Board of Trade wheat futures dropped on Friday after a crop tour through Kansas this week projected better-than-average yields in the top U.S. winter wheat state, analysts said.