Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle and feeder cattle futures slumped on Tuesday as traders waited for U.S. inventory data and assessed prospects for beef imports, analysts said. Lean hog futures hit their lowest level in about seven months. Traders were waiting for the U.S. Department of Agriculture to issue a monthly […] Read more
U.S. livestock: Cattle futures end weaker, hogs set April low
U.S. grains: Soybeans pull back after setting June 2024 high on Chinese buying
Reading Time: 2 minutes U.S. soybean futures pulled back on Tuesday after reaching their highest level since June 2024 as China made hefty purchases of American supplies.
Feed Grain Weekly: Demand grows at feedlots, overseas
Reading Time: 2 minutes Demand for Western Canadian feed grains at home and overseas are pushing prices upward.
Workers at Maple Leaf’s Lagimodiere plant in Winnipeg give overwhelming strike mandate
Reading Time: < 1 minute Workers at the Maple Leaf Consumer Foods plant on Lagimodiere Boulevard in Winnipeg, voted 98 per cent in favour of a strike mandate on Nov. 15.
China snaps up U.S. soybeans after pledge to Trump, but at high price, traders say
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Reading Time: 2 minutes China bought at least 14 cargoes of U.S. soybeans on Monday, two traders with knowledge of the deals said, its largest purchase since at least January and the most significant since a summit between President Donald Trump and President Xi Jinping in October.
Coalition pledges funds for barley variety development
Reading Time: < 1 minute The Canadian Barley Research Coalition has pledged nearly $1.15 million in funding to work with Agriculture Agri-Food Canada on the development of new barley varieties.
Klassen: Beef demand uncertainty weighs on feeder market
Reading Time: 2 minutes For the week ending November 15, Western Canadian feeder cattle markets traded $8-$10/cwt below values from seven days earlier. The cash market held value early in the week as the feeder cattle futures experienced a fortuitous bounce. However, weaker feedlot margins and longer term uncertainty regarding beef demand resulted in a softer tone in the […] Read more
U.S. grains: Soy futures hit June 2024 high as China ramps up buying
Reading Time: 2 minutes U.S. soybean futures climbed to the highest level since June 2024 on Monday as China’s state-owned grain trader COFCO ramped up buying following the recent Washington-Beijing trade deal, traders said.
U.S. livestock: Cattle futures rebound after tariff reduction news
Reading Time: < 1 minute Chicago cattle futures opened lower before rebounding to close up on Monday. Lean hog futures settled on either side of unchanged. “Friday’s announcement on tariff reductions towards Brazil was seemingly blown out of proportion,” wrote analyst Christopher B. Swift. “I could not understand why such a lower opening on a 10 per cent reduction of […] Read more
Canadian food, agriculture coalition to underscore CUSMA importance in Washington
Reading Time: < 1 minute A coalition of 12 Canadian Agri-food industry groups travelled to Washington this week for discussions with American officials and agriculture groups about the Canada-U.S.-Mexico Agreement (CUSMA).
A message from April Stewart, Country Guide's Associate Editor
