Strength in the deferred live cattle futures has spilt over into the feeder complex. Alberta and Saskatchewan placements in the lighter weight categories are down from year-ago levels which is resulting in stronger Alberta fed cattle basis levels for next spring. These are the main factors influencing the calf markets in Western Canada.
Markets/Business — page 89
Klassen: Western Canadian calf markets percolate higher
Montreal port workers begin three-day strike at two terminals, port authority says
Reuters – Unionized workers have begun a three-day strike at two terminals of the port of Montreal as talks over a new contract are yet to result in a labour agreement, the Canadian port’s authorities said on Monday. The partial strike will impact the Viau and Maisonneuve terminals, which account for about 40 per cent of the port’s container […] Read more
U.S. livestock: CME lean hog, live cattle futures end mostly lower
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures closed mostly lower on Friday, pressured by government data showing the U.S. hog herd expended two per cent during the last quarter as well as worries about a potential strike at U.S. ports next week, analysts said. Some 45,000 union workers could walk off the […] Read more
U.S. grains: Soy futures soar on US weather woes
U.S. soybean futures hit their highest in two months on Friday as soymeal futures surged by five per cent on worries about damage to crops and infrastructure in the Gulf Coast region following the landfall of Hurricane Helene as well as short-covering ahead of key crop reports due Monday.
EU cuts wheat crop estimate to 12-year low
European wheat production forecast at 12-year low. Corn, barley, oilseeds also down on year.
Agriculture missing from Canada trade picture
With a CUSMA renegotiation looming, agriculture needs a robust trade strategy
Agriculture is missing in action when "Team Canada" trade missions come up; that's a big problem given the market access threats farmers currently face in the U.S.
Starch makers forced to adapt after poor French wheat harvest
Paris | Reuters — A sharp fall in the quality of France’s wheat crop due to excess rain will lead to additional costs for starch makers just as the industry is still suffering from low demand and increasing competition from imports, they said on Thursday. Starch and its derivatives, made from wheat, maize, potatoes and […] Read more
U.S. livestock: Cattle close higher, lean hogs fall ahead of USDA report
Feeder and live cattle futures turned higher on Thursday, as technical trading, a steady cash market and weakness in grain futures gave cattle contracts a boost.
Starch makers forced to adapt after poor wheat crop in France
A sharp fall in the quality of France's wheat crop due to excess rain will lead to additional costs for starch makers just as the industry is still suffering from low demand and increasing competition from imports
U.S. grains: CBOT soybeans, wheat see volatile trade as drought risks weigh
Chicago soybeans touched a new two-month peak before ending lower on Tuesday, amid questions over export demand and late-season drought impacts on U.S. crop yields, traders said.
Cyber-Savvy Farmer
