Chicago | Reuters — Thinly traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent/lb. maximum daily limit on Tuesday, responding to steep corn market gains, traders said. Chicago […] Read more
Markets/Business
U.S. livestock: Corn prices drop CME feeder cattle limit down
U.S. corn, soy stocks grow less than expected
Washington | Reuters — U.S. soybeans and corn stocks ballooned from a year ago but still missed market forecasts as strong demand ate into supplies, the U.S. Department of Agriculture […] Read more
Canada’s canola crop woes cut crusher profits to two-year low
Winnipeg | Reuters — Problems with Canada’s canola crop are driving up the oilseed’s price, cutting processors’ margins to their lowest levels in two years and threatening to boost the […] Read more
Yields to take precedence over acres in Canada
CNS Canada –– Canadian farmers seeded a bit more canola and a bit less wheat than originally expected, according to updated acreage estimates from Statistics Canada, released Tuesday. However, worsening […] Read more
Ont. avian flu quarantines not yet ready to go
Federal officials expect southwestern Ontario’s avian flu quarantines and control zones to stay in place for “several” more weeks yet. The Feather Board Command Centre (FBCC), the emergency response office […] Read more
Prairie wheat bids up sharply with weather worries
CNS Canada — Cash bids for Prairie wheat were up sharply during the week ended Friday, as weather worries in North America resulted in improved basis levels and pushed U.S. […] Read more
USDA takes first step to import fresh beef from Brazil, Argentina
Chicago | Reuters — The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) is amending its regulations to allow fresh beef into the U.S. from Brazil and […] Read more
U.S. grains: Wheat firms as rain slows harvest
Chicago | Reuters — Chicago Board of Trade wheat futures rose 2.5 per cent on Monday, closing in positive territory for the sixth time in seven sessions on support from […] Read more
U.S. livestock: CME live cattle rebound on short-covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday, supported by short-covering before the final trading session of the quarter on Tuesday, analysts said. June, which […] Read more
Klassen: Lower grain production weighing on feeder market
Western Canadian feeder cattle prices experienced a mixed tone over the past week, with auction markets reporting prices $3 lower to $3 higher in comparison to seven days earlier. The […] Read more
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