Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday erased some of Monday’s losses, supported by short-covering in response to strong wholesale beef values, traders said. April […] Read more
Markets/Business
U.S. livestock: CME live cattle turn up on beef prices, hogs mixed
Long liquidation looms in canola futures
CNS Canada –– Fund traders are still holding large long positions in canola, but could be poised to start liquidating some of those positions as prices near key chart support. […] Read more
Feared plant disease found on Australian banana farm
Sydney | Reuters — An outbreak of a feared disease affecting banana plants has been confirmed on an Australian farm, raising worries over the outlook for the country’s A$550 million […] Read more
Wayne Farms files for IPO
Reuters — Wayne Farms, the sixth-largest poultry producer in the U.S., has filed with U.S. regulators in an initial public offering of common stock. Wayne Farms is a subsidiary of […] Read more
Argentina creates grains stimulus fund in election year
Buenos Aires | Reuters –– Argentina will create a 2.5 billion-peso (C$360 million) stimulus fund for small and medium-scale grains producers which will be funded by existing taxes on the […] Read more
Ammonium sulphate seen tougher to find, afford
CNS Canada — A shortfall in production seems to have made granular ammonium sulphate, the prime fertilizer used by canola growers in Western Canada, relatively scarce just weeks away from […] Read more
Klassen: Price environment continues to enhance feeder complex
The stars continue to align in the correct pattern for the feeder cattle market, as prices in Western Canada jumped $2 to $5 this past week with noticeable advances in […] Read more
Prairie wheat bids rise with U.S. futures, improving basis
CNS Canada –– Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) cash bids moved higher in Western Canada during the week ended Friday, underpinned by strength in […] Read more
U.S. grains: Wheat rallies on concerns about crop
Chicago | Reuters –– U.S. wheat futures rose for the sixth time in seven sessions on Monday on concerns about dry conditions in the U.S. Plains hindering growth as the […] Read more
U.S. livestock: CME lean hogs edge up, live cattle end lower
Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended slightly higher on Monday, ending a seven-day losing streak, supported by stronger wholesale pork product prices while cash hog prices […] Read more
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