Strong prices and movement at the various auction marts across Manitoba are expected to continue in the new year as activity resumes after the Christmas holiday season. “Indications are that the few cattle that have been publicly traded out there are fully steady,” said Rick Wright, a cattle buyer for Heartland Order Buying Co., adding
Lightweights expected to move as auctions resume
Crops briefs, Jan. 12
Drought dents Brazil crops Sao Paulo/Reuters/ Two important Brazilian corn and soy producers Parana and Rio Grande do Sul made sharp cuts to crop forecasts Jan. 5 after weeks of harsh, dry weather dented prospects for a soy crop that as recently as this week some still expected to be a record. Brazil’s biggest soy
Prairie canola cash bids firm, but upside limited
Western Canadian canola cash bids continue to remain strong, with solid demand and concerns about South American weather providing support. However, one analyst says, the advances seen in canola cash values may have reached their top levels. Currently, cash prices for canola range from $11.75 to $12 a bushel for old-crop, while new-crop bids generally
Alta. feed barley values slip on warm weather
Feed grain prices have fallen slightly in southern Alberta’s cattle feeding region in the past month. Warm winter temperatures have contributed to a steady downward price slide in feed barley values. However, a cold snap or possible drought conditions later on as spring starts could move prices upward. Lethbridge feed barley prices in early January
Prairie canola cash bids steady, yet uncertain
Western Canadian canola cash bids remain strong as the new year begins. The advances in canola futures values have helped boost cash prices as well. However, uncertainty remains on how much further futures can rise before basis levels start to widen. Currently, cash bids for canola range from $11.75 to $12 a bushel for old-crop,
Lentil market to trend down in 2012
Canadian lentil values are expected to continue their downward price slide in the new year, with demand slipping and ample global supply weighing on values. "It’s less then flat, it’s going down" said Allan Wagner, managing director of Prairie Pulse Inc. at Vanscoy, Sask., on the price of Canadian lentils in the market. Much of
Canadian feed advantage over U.S. narrows
Canada has lost its feed advantage with the U.S., as declining U.S. corn prices and an upward trend in western Canadian barley values over the past couple of months have caused the cost of gain in the two countries to narrow in. Anne Dunford, a marketing specialist with Gateway Livestock Exchange at Taber, Alta., said
Biodiesel plants seen as boon for Alberta
Canada’s biodiesel industry is about to get a boost with two new plants scheduled to be built in Alberta, and that’s seen as translating to good news for farmers seeking to diversify their revenue. Lynn Jacobson, vice-president of Alberta’s Wild Rose Agricultural Producers (WRAP), said the announcement of Michigan-based The Power Alternative (TPA) and a
Fuel relief for farmers, truckers seen coming soon
Production increases and the re-opening of the Suncor refinery plant in Edmonton may soon provide relief from the headaches Western Canada’s diesel shortage have given farmers and truckers in recent weeks. Ted Stoner, vice-president of the western Canadian division of the Canadian Petroleum Products Institute, said problems with western Canadian diesel supply started in October.
High chickpea prices seen ending in 2012
Don’t expect Prairie chickpea prices to climb any further before the end of 2011 from their current level. In fact, values will start to fade beginning in early 2012, according to an industry participant. "We are at the high point as we move through the Christmas period," said Darren Lemieux of Simpson Seeds at Moose
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