While seeding progress has been varied across Alberta and Saskatchewan this spring, healthy growing conditions are pressuring prices according to Erin Harakal, trade manager for Agfinity Inc. in Stony Plain, Alta.
Feed Grain Weekly: More moisture for feed grain crops
Cattle sales slowing down for spring
Cattle marketing is moving down the priority list for most farms
Warm temperatures during the week ending May 9, combined with an influx of precipitation from the previous week, kept cattle producers in the fields and away from auction sites. Farmers might have had more focus “on getting their crops in the ground rather than worry about marketing cattle,” said Scott Anderson of Winnipeg Livestock Sales.
CBOT weekly: Traders watching out for weather concerns
United States wheat futures rose sharply during the week ended May 15, while corn and soybean futures at the Chicago Board of Trade (CBOT) were in a rangebound, up-and-down pattern.
Manitoba crop report: Seeding speeds up to normal pace
Planting progress greatly accelerated across Manitoba during the week ended May 12.
The province’s crop report released on May 14 showed that seeding was at 30 per cent completion, compared to just four per cent the week before.
Pulse weekly: Yellow, green pea prices rise
India’s extension of tariff-free pea imports last month has caused a rise in Canadian prices, according to a Saskatchewan pulse merchant.
Pork market strong despite weak U.S. futures
Fears over avian flu spreading to pigs in the United States and greater hog slaughter are causing lean hog prices at the Chicago Mercantile Exchange (CME) to fall to three-month lows, according to a livestock economist.
Tighter stocks, production in USDA report
The United States Department of Agriculture’s (USDA) May World Agricultural Supply/Demand Estimates (WASDE) released May 10 featured the first production and ending stocks estimates for the 2024-25 marketing year.
Seeding, avian flu can’t keep cattle prices down
Markets show remarkable strength despite unknowns, watchers say
Prices at Manitoba cattle auctions continued to stay strong as the focus for producers switched to seeding and relatively few cattle were sold during the week ended May 2. In total, only 5,098 head went through the rings in the final week, prior to some sites moving to biweekly sales for the summer months. Rick
Oat prices rise to five-month highs
Oats futures at the Chicago Board of Trade (CBOT) rose to their highest levels in five months in early May as strength in wheat provided support.
CBOT Weekly: Focus on weather interrupted by USDA report
A grain rally at the Chicago Board of Trade (CBOT) during the week ended May 8 has seemed to run out of steam.
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