Chicago Mercantile Exchange (CME) live cattle futures ended nearly flat on Thursday after scaling a six-week peak on firm beef markets tied to reduced output due to a major winter storm in the U.S. Plains, traders and analysts said. Spot February cattle expired down 0.55 cent per pound at 128 cents, while most active April […] Read more
U.S. live cattle futures nearly flat; beef underpins
Manitoba may see ‘minor to moderate’ flooding
Manitoba’s preliminary spring flood outlook for 2013 suggests a possible risk of "minor to moderate" flooding along the Red, Souris, Pembina and Assiniboine Rivers and in the province’s Interlake region. Above-average snowpack with high moisture content in many parts of Manitoba, Saskatchewan and North Dakota have increased the potential for flooding this year, the province […] Read more
U.S. live cattle futures jump as blizzard trims supply
Chicago Mercantile Exchange (CME) live cattle futures rose to a six-week high on Friday on strong cash cattle markets due to a blizzard that trimmed weight gains and cut down on the number of cattle that were ready for market, analysts and traders said. Spot CME cattle futures rose nearly three per cent for the […] Read more
Over half of farmers plan to expand, diversify: FCC
Almost six in 10 farmers nationwide plan to expand or diversify their farming operations in the next five years, according to a new survey by Canada’s federal ag lender. Farm Credit Canada on Tuesday released results from a national survey of its Vision panel, showing 27 per cent of producers plan expansion, 11 per cent […] Read more
Plum pox virus containment program launched
Work to monitor, study and contain a yield-robbing disease of tender fruit trees will now fall under a new five-year, $17 million federal program. First pledged in Finance Minister Jim Flaherty’s pre-election budget in March, the Canadian Food Inspection Agency and federal ag department on Thursday launched a new Plum Pox Monitoring and Management Program […] Read more
Manitoba court won’t block CWB law, for now
Manitoba’s Court of Queen’s Bench on Friday rejected a request to immediately suspend implementation of a new law that ends the Canadian Wheat Board’s wheat and barley marketing monopoly. A Conservative government bill to end the CWB monopoly next August became law on Thursday evening, and the board’s former directors are seeking to have it […] Read more
Ontario’s corn yields surprisingly large
Ontario’s grain corn crop was harvested in a timely fashion this fall with yields seen coming in at a surprisingly high level, despite a not-so-spectacular growing season. "With 50 per cent of the reported yield in to crop insurance at present, the current trend yield suggests that the crop yielded roughly 161 bushels an acre," […] Read more
Southwestern Alta. CWB director quits
The other of the Canadian Wheat Board’s two farmer-elected pro-deregulation directors has quit the grain marketer’s board. Jeff Nielsen, who farms at Olds, Alta. and has represented the CWB’s District 2 in southwestern Alberta since 2008, announced his resignation Monday in a letter to board chairman Allen Oberg. Nielsen follows northwestern Alberta producer Henry Vos, […] Read more
CWB sends new round of 2010-11 interim payments
Prairie wheat and barley growers who delivered to the Canadian Wheat Board in the 2010-11 crop year can expect to see interim payments somewhere between $2.80 and $55.20 a tonne starting Nov. 8. On average, the interim payments for milling wheat and durum, which will vary widely by grade, class and protein percentage, will be […] Read more
Que. co-ops buy stake in bulk feed transport business
Quebec’s federation of co-operatives and one of its largest farm supply co-ops have bought a 50 per cent stake in a major Quebec feed company’s transport business. Coop Federee and Coop Comax on Friday announced a partnership deal with feed company Jefo for a stake in its Transbordement St-Hyacinthe and Transport Nalaco subsidiaries, for an […] Read more
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