For the week ending August 9, Western Canadian feeder cattle markets traded $5 to $10 higher on average. Many weight categories notched fresh record highs. Ontario demand was evident across western Canada for calves and yearlings.
Daily news
Klassen: Strong demand supports feeder complex
U.S. grains: Corn dives after USDA projects bin-busting US harvest, soybeans rise
U.S. corn futures plunged to contract lows on Tuesday after the Department of Agriculture projected a record-shattering corn harvest this year as farmers planted more acres than expected and the crop faced few weather challenges this summer.
Record yields forecast for U.S. corn and soybeans
Corn at 188.8 bu./ac. soybeans at 53.6 bu./ac.
Record large corn and soybean yields are expected in the United States this year, according to the latest estimates from the U.S. Department of Agriculture released Aug. 12.
Smithfield Foods raises annual profit forecast as hog business recovers
Smithfield Foods raised its annual operating profit forecast on Tuesday as its hog business rebounded from losses and the biggest U.S. pork processor said it resumed U.S. exports to China that had been crippled by tariffs.
A ‘Farm Babe’ fights for GMOs and Big Ag, pushing back on MAHA influencers
Survey shows people increasingly trust peers and influencers over experts
The Farm Babe Michelle Miller seeks to debunk what she sees as misconceptions about modern agriculture perpetuated by another universe of influencers, many of whom are now closely aligned with Health and Human Services Secretary Robert F. Kennedy, Jr., and his Make America Healthy Again, or MAHA, campaign.
China slaps anti-dumping duties on Canadian canola
China on Tuesday announced preliminary anti-dumping duties on Canadian canola imports, a fresh escalation in the year-long trade dispute that began with Ottawa's imposition of tariffs on Chinese electric vehicle imports last August.
U.S. livestock: Cattle, hogs make gains
Chicago cattle futures closed with small gains on Monday after Friday's fall. Lean hog futures were also up.
U.S. grains: Soybeans rally after Trump urges China to buy more U.S. beans
U.S. soybean futures rallied to a two-week high on Monday after U.S. President Donald Trump said he hoped China would quadruple its soybean buying from the United States and as forecasts of hot, dry U.S. weather sparked some concern about yields.
Fruit and Vegetable Growers of Canada appoint policy lead
FVGC announces Erik Nielsen will step into the newly-created role of Director of Policy, Research, and Public Affairs
Trump urges China to quadruple soybean orders
Analysts say quadrupling soybean orders is ‘highly unlikely’
U.S. President Donald Trump on Sunday urged China to quadruple its soybean purchases ahead of a key tariff truce deadline, sending Chicago soybean prices higher, though analysts were quick to question the feasibility of any such deal.
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