Chicago Mercantile Exchange cattle futures continued to rally on Tuesday, with feeder contracts setting new all-time highs, as U.S. cash prices remained firm and domestic supplies of replacement animals continued to shrink, market analysts said.
The United States will sell “so much” beef to Australia, U.S. President Donald Trump said on Thursday after Canberra relaxed import restrictions, adding that other countries that refused U.S. beef products were on notice.
Feed grain prices in Alberta moved lower following recent rains, said Susanne Leclerc, owner of Market Master Ltd. in Edmonton. However, she suggested prices could increase prior to the coming harvest.
As the rest of July plays out, United States soybeans and corn will remain in a weather market, said Sean Lusk, vice-president of Walsh Commodity Hedging Services in Chicago.
Michael Coteau says he is excited to take on the role of Chair of the House of Commons Standing Committee on Agriculture and Agri-Food despite urban background.
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar pulled back on Wednesday morning, following the Bank of Canada’s announcement to freeze its key interest rates at 2.75 per cent. As of 8:56 am CDT, the loonie was at US$0.7239 or US$1=C$1.3814 compared to Tuesday’s close of US$0.7262 or US$1=C$1.3771. Later today at[...]