Reading Time: < 1 minute ICE canola: Old, new crop prices diverge CBOT grains: Wheat down, corn, soybeans mostly higher Livestock: Access livestock futures prices at the Western Producer’s market desk Cash grains /Global markets/Loonie
Beef cattle
Daily market update
U.S. livestock: CME live cattle up ahead of long weekend
Lean hogs follow cash hog index lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ticked upward Thursday, while packers backed off of buying ahead of the Labour Day holiday week that will limit slaughter, analysts said. “There was some light trade today, slightly lower than last week,” said Doug Houghton, technical analyst at Brock Capital Management. “I don’t know […] Read more
U.S. livestock: Lean hogs climb as traders eye seasonal supply shifts
Cattle futures down ahead of long weekend
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Wednesday, finding support as traders gauged pork demand and watched for signs of a seasonal influx of market-ready hogs. “We still have an index that’s higher than the October. It usually doesn’t close the gap until we get into September a week or […] Read more
Prairie Forecast: Mostly sunny and warm
Issued Aug. 30, covering Aug. 30 to Sept. 6
Reading Time: 3 minutes It’s a straightforward forecast for this period as the general weather pattern looks to be pretty quiet. It starts with a large area of high pressure centred over the Great Lakes with a weak area of low pressure over Alberta. The Great Lakes high will put sunny skies and warm temperatures over much of Manitoba […] Read more
Saskatchewan ag minister to oversee water agency
Marit gets additional duties in cabinet shuffle
Reading Time: < 1 minute Saskatchewan’s minister of agriculture will take on added responsibility for the provincial Water Security Agency following a cabinet mini-shuffle. Premier Scott Moe on Tuesday named David Marit, MLA for the southwestern riding of Wood River since 2016 an minister for agriculture and Saskatchewan Crop Insurance Corp. since 2018, as minister responsible for the WSA. In […] Read more
U.S. livestock: CME live cattle dip as traders weigh cash, consumer demand
Hog futures down on supply expectations
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Tuesday after four days of gains, as traders look for direction from consumer demand amid tight cattle supplies, analysts said. “I think we’ve been sideways for cattle now for over a month and, I guess until we see a change on the product […] Read more
Klassen: Calf numbers down in Western Canada
StatCan figures a surprise to the trade
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets were relatively unchanged. Yearlings straight off grass were very well bid and prices held value. Yearlings over 800 lbs. on light grain ration were quoted $15-$20 discount to those cattle coming straight off pasture. We’re seeing heavier calves around 800 lbs. trade at $330-$340. Increased calf numbers […] Read more
U.S. livestock: CME feeder cattle up on consumer demand, tight supplies
Labour Day weekend demand also lifts hogs
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures gained on Monday, supported by consumer demand and continued tightening of available cattle, analysts said. “I think we probably did get a little help here from retail movement over the last week,” said Alan Brugler, president of Brugler Marketing, noting the Labour Day holiday is […] Read more
U.S. livestock: CME live cattle gain as heat impacts producers
Seasonal pressures drag on hog futures
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Friday as processors looked to incentivize market-ready cattle movement while producers struggled against high temperatures on the U.S. Plains, analysts said. “We saw packers willing to pay up to keep stuff moving. With the hot weather, you had probably reduced performance and a […] Read more
Deal for Subway chain worth up to US$9.55 billion
Arby's, Jimmy John's parent wins with 'earn-out' deal
Reading Time: 3 minutes New York | Reuters — Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the U.S. sandwich chain at up to US$9.55 billion, including debt, subject to targets in its financial performance. The deal marks the conclusion of a drawn-out auction that […] Read more