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Tag Archives feed prices — page 2

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Livestock, Markets

Olymel to idle multiple Prairie hog barns

Packer cites 'continued financial losses' in sector

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Pork packer Olymel is preparing to dial back its hog production in Western Canada by shuttering six of its sow units in Alberta and Saskatchewan. Olymel, the agrifood arm of Quebec’s Sollio Cooperative Group, announced Friday it has served 80 employees with layoff notices at five sow units in Alberta and one in Saskatchewan. The […] Read more
CME October 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines), (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures up as corn prices sag

CME lean hogs end mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled mostly higher on Thursday as lower grain prices propped up feeder cattle futures, signaling cheaper feed costs, traders said. Benchmark CME October live cattle futures settled up 0.225 cent at 142.8 cents/lb., a day after dipping to a four-week low (all figures US$). CME […] Read more
Photo: ARS/USDA
Livestock, Markets

Hog market recovering from pandemic lows

China again a major driver of hog values

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MarketsFarm — In April 2020, during the early days of the COVID-19 pandemic, prices for lean hog futures dropped to their lowest point since 2002, falling below US$40 per hundredweight. Nearly a year later, the industry is in the middle of a speedy recovery. At the Chicago Mercantile Exchange (CME) on Thursday, lean hog futures […] Read more
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Crops, Markets

Feed weekly outlook: High demand keeps bids strong

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MarketsFarm — Feed grain prices in Western Canada have come off of recent highs but remain “higher than what feeders like to see.” That’s according to Brandon Motz of CorNine Commodities ar Lacombe, Alta., who said feed grains are still in a “high-demand market,” with spot prices for feed barley and wheat around $260-$265 per […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Barley, wheat holding fairly well

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MarketsFarm — Feed prices for wheat and barley have softened over the last month, said Erin Harakal, senior trader for Agfinity at Stony Plain, Alta. “Right now for wheat, we have seen it drop off in the last little bit,” she said, noting barley prices have slipped as well. Harakal pointed to the overwintered barley […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Bids pressured by lower demand

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MarketsFarm — Feed grain prices have remained soft, as feedlots in Western Canada are covered for the foreseeable future. Last week, prices for feed barley and feed wheat delivered in Lethbridge were around $230 per tonne, but have come down by about $10 since then, according to Allan Pirness of Market Place Commodities. While these […] Read more

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