Reading Time: < 1 minute Reuters — Shares of FMC Corp. fell more than eight per cent on Monday after the agricultural products supplier cut its outlook for the year on volume declines in most of its major markets. “Towards the end of May, we experienced unforeseen and unprecedented volume declines in three out of our four operating regions, as […] Read more
Ag input firm FMC’s shares tumble after lowering financial targets
Partners 'rapidly reduced inventory levels'
U.S. livestock: CME hog futures end lower
USDA inventory data seen supportive
Reading Time: < 1 minute Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange closed lower on Wednesday on profit-taking and positioning ahead of the U.S. Department of Agriculture’s quarterly hog inventory report. However, traders said the government data, released after the close, was supportive for futures. USDA reported the U.S. hog herd as of March 1 […] Read more
Feed weekly outlook: Shortages leading to price increases
Reading Time: 2 minutes MarketsFarm — Prices for feed grains are swinging higher because of shortages, according to Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge. “One thing we are sure of is we are running out of inventory, barley for sure, and we’re 11 months away from new crop,” he said. This year’s severe drought and excessive heat […] Read more
Deere lifts 2021 forecast on solid equipment demand
Reading Time: 2 minutes Reuters — Deere and Co. on Friday raised its full-year earnings forecast after quarterly profit topped Wall Street estimates on the back of strong demand for farm and construction equipment. The world’s largest farm equipment manufacturer now expects net income in fiscal 2021 to be between $5.7 billion and $5.9 billion, up from a range […] Read more
Canada’s year-end cattle herd continues shrinking
Slaughter beat pre-pandemic pace in second half, StatsCan says
Reading Time: 2 minutes Year-over-year contraction continued for Canada’s cattle herd at the start of 2021, while newborn piglet counts kept Canada’s hog herd on the rise during the same period, according to Statistics Canada. StatsCan on Monday reported 11.2 million cattle on Canadian farms at Jan, 1, 2021 — down one per cent from the year-earlier date and […] Read more
U.S. livestock: Hogs tumble on bigger-than-expected supply, economic concerns
Rising COVID-19 counts raise fears for beef demand
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures plunged by as much as the daily trading limit on Friday and ended sharply lower after the U.S. Department of Agriculture (USDA) estimated supplies above already-high trade expectations. Economic concerns amid rising novel coronavirus infections added pressure to hogs and also dragged down cattle futures, which finished […] Read more
U.S. livestock: Hogs mostly higher ahead of USDA inventory data
CME feeder cattle firm up on lower corn prices
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures were mostly higher on Thursday, lifted by firmer cash hog markets and position squaring ahead of a quarterly hog inventory report that was released after the close. Futures have been sliding for most of the past two months as hog supplies swelled due to numerous packing plant […] Read more
Pulse weekly outlook: Chickpeas recover from previous lows
Reading Time: < 1 minute MarketsFarm — Chickpea prices have recovered slightly from lows hit around the end of 2019, but they’re still a long way off historic highs from years past. Ahead of the 2018 growing season, chickpea prices were around 50 to 60 cents/lb. for growers, according to Darwin Hamilton of Kalshea Commodities in Winnipeg. Currently, large chickpea […] Read more
Cattle inventories continue to decline, StatsCan says
Canada's hog herd also down on year
Reading Time: < 1 minute MarketsFarm — Canada’s cattle herd in 2019 continued on its generally consistent path of declining numbers, according to new data Statistics Canada released Tuesday. Aside from a few slight increases in 2012, 2013 and 2018, Canadian cattle inventories have moved lower since 2005. At 11.2 million head, the reported number of cattle on farms in […] Read more
Pulse Canada looking to build data inventory for industry
Reading Time: < 1 minute MarketsFarm — Pulse Canada has undertaken a survey of pea and lentil growers to gauge the sector’s environmental footprint and to provide data for a public repository. The survey is a joint project with Alberta Pulse Growers, SaskPulse and Manitoba Pulse and Soybean Growers. The survey is a life cycle assessment of pea and lentil […] Read more
A message from April Stewart, Country Guide's Associate Editor
