(Peggy Greb photo courtesy ARS/USDA)

Weak loonie expected to support hog prices, but not yet

Reading Time: < 1 minute CNS Canada — A weak loonie could improve the profit margin of Canadian pork producers by summer, according to one analyst, but its effects have been little seen in the current market. Influencers outside of currency markets are driving current cash prices lower — and cash prices are relatively depressed, according to Tyler Fulton, director […] Read more


(Lisa Guenther photo)

CBOT weekly outlook: Weak soybeans, corn watch energy, USDA for direction

Reading Time: < 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade trended down over the past two weeks, testing some contract lows in the process. While the potential for a short-covering bounce is there, further losses are also a distinct possibility, depending on what happens in outside energy markets. “Unless we see an […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. grains: Corn, soy, wheat rise in short-covering bounce

Reading Time: 2 minutes Chicago | Reuters –– U.S. grain and soybean futures rebounded from early-session losses on Wednesday in a technical short-covering bounce as investors squared positions ahead of a U.S. Department of Agriculture crop report due early next week. Corn and wheat futures posted fresh contract lows in nearly all months and soybeans hit a 6-1/2-week low […] Read more


(Dave Bedard photo)

U.S. grain shippers await El Nino dryness after unseasonable flood

Reading Time: 3 minutes Chicago | Reuters –– The clear Midwestern skies that El Nino cycles typically bring could be a boon to the U.S. heartland this spring, after recent record rain levels soaked the region, swamping farmland and disrupting grain export shipments on swollen rivers. Farm fields across the Midwest are saturated, according to the U.S. Department of […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Bounce in fed cattle supports feeders

Reading Time: 2 minutes Feeder cattle prices ended the year on a soft tone, trading steady with week-ago levels. Most auction barns were in holiday mode, resulting in minimal sales across the Prairies. Christmas couldn’t come soon enough for feedlot operators and the bounce in the live cattle futures early in the week was a refreshing gift. This past […] Read more


(Canada Beef Inc. photo)

U.S. livestock: Strong beef prices lift CME live cattle again

Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures notched gains for a fifth consecutive session on Thursday, fuelled by the recent rise in wholesale beef prices in anticipation of tight near-term supplies, traders said. CME livestock futures closed at noon CT in observance of the Christmas holiday. Spot December settled 2.5 cents/lb. higher […] Read more

(Lisa Guenther photo)

U.S. grains: Rain in Brazil’s forecasts dampens soy futures

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures touched a one-week low on Thursday as expectations for beneficial rains in top exporter Brazil overshadowed stronger-than-expected U.S. export sales. Concerns about large U.S. supplies and poor export demand pushed March corn to settle at a new contract low, while wheat futures reached a three-week low. Traders kept […] Read more


(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. hog herd slowly expands as farmer profit shrinks

Reading Time: 2 minutes Reuters — The U.S. hog herd grew slightly in the September-November quarter versus a year ago, a U.S. Department of Agriculture report showed on Wednesday, amid increased supplies as the industry recovers from a deadly pig virus hurt that farmer profit, said analysts. “Concern about profitability was a major issue. What kept producers from really […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle surge with cash prices

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, following stronger-than-expected cash prices as wintry weather takes aim at the southern U.S. Plains, traders said. Spot December ended 2.2 cents/lb. higher at 125.6 cents, and February was 1.775 cents higher at 131.8 cents (all figures US$). On Tuesday, a small […] Read more