CNS Canada — Average bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat were stronger during the week ended Monday, as improving basis levels more […] Read more
Markets/Business
Improving basis boosts Prairie wheat bids
U.S. livestock: CME live cattle turn higher on short-covering
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures on Monday closed higher on short-covering after last week’s heavy losses, traders said. August ended up 0.075 cent per […] Read more
U.S. grains: Wheat prices slide in see-saw trade
Reuters — U.S. wheat futures dipped on Monday in a see-saw trade on technical selling and easing worries about tensions between wheat-exporting countries Russia and Ukraine. Corn futures moved off […] Read more
Olymel seeking other markets for Russia-bound pork
Canadian meat packer Olymel plans to seek other buyers for pork which, until Thursday, was destined for the now-closed Russian market. Olymel, the meat processing arm of Quebec’s Coop Federee, […] Read more
European farmers feel Russian sanctions’ bite
London | Reuters — European dairy firms halted production of cheese and butter destined for Russia and Norwegian salmon prices fell, as a wide array of small fresh food producers […] Read more
Russia may negotiate price limits with domestic producers
Moscow | Reuters –– Russia may negotiate a price control agreement with domestic food producers to prevent speculative price hikes that would affect inflation after it banned half its agricultural […] Read more
Klassen: Softer fed cattle prices temper feeder market
In comparison to seven days earlier, Alberta rail grade prices ended the week down $2 to $5, setting the brakes in the feeder cattle complex. Feedlot managers appeared to be […] Read more
Wet spring hurts canaryseed crop prospects, lifts prices
CNS Canada — The Prairies’ wet spring appears to have cut into the amount of canaryseed acres planted in Western Canada. David Nobbs, chairman of the Canaryseed Development Commission of […] Read more
Record-high pork values to cushion Russia’s sanctions
Russia’s retaliatory sanctions on Canadian agrifood, while disappointing from where Manitoba’s pork producers sit, aren’t expected to hurt the sector in the near term. Following a declaration from President Vladimir […] Read more
U.S. grains: Wheat pulls back, registers weekly gain
Reuters — U.S. wheat futures fell for a second session on Friday on profit-taking but still ran up nearly three per cent this week, partly on fears of disrupted grain […] Read more
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