Klassen: Tight yearling supplies support feeder complex — September 21, 2014

Western Canadian feeder cattle prices were $3 to $4 per hundredweight (cwt) higher on average. Cattle buyers were scrambling to fill orders on yearlings as supply uncertainty continues to drive prices higher. Feedlot vacancy is at seasonal lows and operators want to fill pens as soon as possible. Feeding margins are narrowing with higher replacement […]

Lentil prices rise with Prairie rains, Asian demand — September 19, 2014

CNS Canada — A lentil watcher says Canadian prices for the crop are surging higher right now, in response to frequent Prairie rains and international demand. “It’s more than your usual slow rally, it (the market) spiked higher; especially the greens, which are shooting up right now,” said Chuck Penner of LeftField Commodity Research in […]

JBS delays food unit IPO amid market slide, sources say — September 19, 2014

Sao Paulo | Reuters – JBS SA, the world’s largest meatpacker, has put off a plan to raise 4 billion reais (US$1.7 billion) from the initial public offering of its pork, poultry and food-processing operations in Brazil, two sources with direct knowledge of the decision said. JBS and banks are wary that market volatility stemming […]

U.S. livestock: CME live cattle futures end mixed before USDA report — September 19, 2014

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures settled mixed on Friday on positioning before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report. Analysts expect the data at 2 p.m. CT to show fewer cattle were placed in feedyards last month due to sufficient pastures that allowed ranchers to fatten livestock longer outside […]

CP meeting federal grain shipment targets — September 18, 2014

Reuters — Canadian Pacific Railway (CP) has met the minimum weekly grain volumes mandated by the federal government, the railway said Thursday, a day after Transport Canada said it would fine Canadian National Railway (CN) for falling short. CP spokeswoman Breanne Feigel said in an email that the railway had cleared the minimum volumes to […]

U.S. livestock: Weak cash price outlook drops CME live cattle — September 18, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle settled lower on Thursday in anticipation of packers spending less for market-ready, or cash, cattle this week, traders said. October live cattle futures finished 1.425 cents per pound lower at 155.6 cents, and December at 158.925 cents down 1.075 cents (all figures US$). Processors may cut […]

U.S. grains: Soybeans, wheat fall to lowest since 2010 — September 18, 2014

Chicago | Reuters — U.S. soybean futures fell 1.1 per cent to their lowest in more than four years on Thursday as farmers resumed harvesting in parts of the U.S. Midwest as fields began to dry out, traders said. Wheat and corn futures fell too, with wheat also hitting its lowest since July 2010, due […]

Incoming Alta. premier taps ex-MPs to push for market access — September 18, 2014

Boosting market access for Alberta’s agricultural wares and other exports is expected to loom large on the new provincial premier’s radar. Jim Prentice, sworn in Monday as premier, kept Wetaskiwin-Camrose MLA Verlyn Olson as his minister of agriculture and rural development, and reappointed Jason Krips as deputy minister for the department. Prentice, in his mandate […]

Dow’s Enlist corn, soybeans face hurdles despite USDA approval — September 18, 2014

Reuters — U.S. approval of Dow AgroSciences’ new genetically-modified corn and soybeans takes the agricultural giant a step closer to its “most important” product launch ever, but a series of hurdles remain, the company said Thursday. “We sure are aware of the concerns that have been expressed,” said Dow AgroSciences president Tim Hassinger in an […]