For the week ending October 5, Western Canadian prices for grass yearlings were steady to as much as $10 higher while values for backgrounded yearlings were relatively unchanged. Calf markets were quite variable with preconditioned 650-800 pound calves trading $4-$8 above week-ago levels. Prices for non-weaned bawlers were relatively unchanged.
Markets/Business — page 87
Klassen: Feeder markets experience stronger demand
U.S. Livestock: CME lean hogs hit 5-mth peak on demand, cattle range bound
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures advanced on Monday to the highest point in nearly five months on technical buying and seasonal strength, analysts said. Live cattle futures also edged higher on a strong cash market, although large cattle weights and beef demand worries amid a slumping stock market limited gains and […] Read more
U.S. Grains: Soybeans ease on South American rain outlook; grain higher
Soybean futures eased on Monday on forecasts for rain in dry areas of top exporter Brazil and Argentina and on rising United States supplies as clear Midwest weather boosted harvesting.
Warmer, drier October followed by colder, snowier November
The balance of October is likely to remain warmer than normal across the Canadian Prairies, but the weather could turn colder than normal in November, Weatherlogics chief scientist Scott Kehler explained.
Malaysia to produce less palm oil – USDA attaché
Palm oil production in Malaysia is projected to ease back in 2024/25 as compared to the previous year, said the United States Department of Agriculture (USDA) attaché in Kuala Lumpur.
Russia says grain harvest hit by Ukraine war, bad weather
Russia's grain harvest will be hit by the impact of Ukraine's attacks on grain-producing regions close to the border and by bad weather in many other regions.
U.S. livestock: Cattle futures rise on technical buying, economic news
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose and feeder cattle touched a two-month high on Friday on technical trading, with stronger-than-expected September jobs data indicating good consumer demand, analysts said. Hog futures touched their highest level in four months before retreating. Benchmark CME December live cattle futures LCZ24 settled up 0.600 cent at […] Read more
U.S. Grains: CBOT wheat, soy and corn fall as dollar rallies
Chicago wheat dropped for a second day on Friday, moving further from a 3-1/2 month high reached this week as a stronger dollar made U.S. exports look less attractive.
Prairie Wheat Weekly: Strong gains for red spring varieties
Spring wheat cash prices in Western Canada posted double-digit increases for the week ended Oct. 3, while durum bids were up much more modestly.
U.S. port strike ends leaving cargo backlog
Tentative deal includes 62 per cent wage hike over six years
U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time.
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