A relatively small tweak to national chicken quota allocation has been set for much of this autumn, following a stretch of heavy pandemic-related cuts. At a Chicken Farmers of Canada meeting Tuesday, national allocation for quota period A-165 (Aug. 30 to Oct. 24, 2020) was set at minus two per cent from its adjusted base. […] Read more
Tag Archives demand — page 3
Fall quota level based on ‘rebound’ in chicken demand
National allocation trimmed two per cent for September-October period
Hog sector hit hard by pandemic
Market weakness seen likely to push some farmers out of business
MarketsFarm — COVID-19 has hit the hog sector hard, with the double-edged sword of large supplies and reduced demand weighing heavily on the market. “The prospect of profitability at current forward prices and at current cash prices is nil… and there’s really no prospect of making anything this year,” said Tyler Fulton, director of risk […] Read more
ICE weekly outlook: Canola nearing resistance
MarketsFarm — ICE Futures canola contracts have trended higher over the past month, but may be nearing the upper end of their nearby range. Solid demand, from both exporters and domestic crushers, has kept canola well supported, while a firmer tone in world energy and vegetable oil markets should also add some upside momentum, according […] Read more
U.S. livestock: Live cattle futures drop as pandemic roils markets
Technical buying lifts hogs, feeder cattle
Chicago | Reuters — U.S. live cattle futures plunged to their daily trading limit on Monday — with prices for the front-month contract hitting the lowest seen since December 2009 — as beef inventories remain robust with much of the U.S. restaurant industry shuttered due to the pandemic. April live cattle were down the 4.5-cent […] Read more
U.S. grains: Wheat firms after four-day slide
Corn hits 3-1/2-year low
Chicago | Reuters — U.S. wheat futures rose on Friday, bouncing after a four-day slide, as traders weighed the threat of a deep economic downturn due to the coronavirus epidemic against supply tensions in some exporting countries. Corn extended a six-day drop, with May futures hitting the lowest for a most-active contract since September 2016, […] Read more
Beef sector mobilizes against supply disruptions
Keeping border open, meeting demand for beef are top priorities
Teams of livestock and government officials are quickly creating plans and policies to keep the sector functioning during the COVID-19 pandemic, says the executive vice-president of the Canadian Cattlemen’s Association. “Our primary objective obviously is to insure there is stable beef production and trade that can continue under the situation with the COVID-19 pandemic,” Dennis […] Read more
U.S. grains: Soy futures fall on China demand concerns
Chicago | Reuters — U.S. soybean futures drifted lower for the third time in four sessions on Thursday as demand from China remained quiet, stirring fresh concerns that purchases from the world’s top oilseed buyer will fall due to the spread of the coronavirus. Corn futures also weakened, pressured by a bearish U.S. acreage forecast, […] Read more
AAFC forecasts more wheat, less canola seeded in spring
MarketsFarm — Canada’s farmers will seed more wheat and less canola in the 2020 growing season, according to the first supply/demand estimates for the 2020-21 marketing year, released Thursday by Agriculture and Agri-Food Canada. Total seeded wheat area is forecast to rise to 25.77 million acres, from 25.02 million the previous year. Production is forecast […] Read more
CGC revises domestic canola usage downward
MarketsFarm — Domestic canola demand remained well ahead of exports in the latest Canadian Grain Commission report for the week ended Sunday — but revisions to data now show the crush pace is not quite as active as reported earlier in the month. The original data for the week ended Jan. 5 showed domestic disappearance […] Read more
U.S. grains: Corn firm ahead of USDA report, frosty weather
Chicago | Reuters — U.S. corn futures inched higher on Monday on position-squaring ahead of a key monthly U.S. government crop report later this week and worries about forecasts for a freeze looming for the northwestern Corn Belt, traders said. Soybeans and wheat closed lower after a choppy session. Chicago Board of Trade December corn […] Read more
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