Mov e -ment o f cattle to the auction yards in Manitoba declined during the week ended April 1. The closure of a number of auction yards because of the Good Friday and Easter holiday long weekend was tied to the lower marketings. Values for the cattle held steady, with strong demand for grass cattle
“Renewed Optimism” Boosts Demand For Grass Cattle
Feed barley holds steady at weak level
(Resource News International) — Cash bids for feed barley in Western Canada have been holding fairly steady at some pretty weak levels and the outlook for values does not bode well. “There is no shortage of supply and that is one of the reasons values remain at some poor price levels,” said Jerry Klassen, manager
U.S. intentions unlikely to change plans on Prairies
(Resource News International) –– The U.S. Department of Agriculture’s prospective plantings report, released Wednesday, is not expected to have any significant impact on planting intentions of western Canadian farmers. USDA’s plantings report revealed U.S. soybean acreage this spring will be record large at 78.098 million acres. In the spring of 2009, U.S. producers planted 77.451
Flax bids steady to weaker
(Resource News International) — Cash bids for flaxseed in Western Canada have trended in a fairly steady to slightly easier price pattern and there does not seem to be much in the way of developments to break it out of the status quo. “Every once in a while there are some improved opportunities for producers
New-crop canola bids continue to drop
(Resource News International) — Old- and new-crop canola bids in Western Canada continue to deteriorate, with producers not exactly pleased with the situation. “Cash bids in general for old and new crop have been less than appealing to producers and could still play a role in exactly how much of the crop goes into the
Oat bids continue to deteriorate
(Resource News International) — Cash bids in Western Canada for oats have been steadily trending downward as continued large supplies and the steady decline in CBOT oat futures depress values. “The drop in CBOT (Chicago Board of Trade) oat futures has definitely hurt the cash market in Canada,” said Bryan Cross, an oat grain buyer
Canadian Dollar Moves Towards U. S. Parity
The Canadian dollar has been slowly strengthening towards parity with the U. S. currency and could soon top it. The Canadian dollar has been finding regular support from global investors who see Canada’s economy as one of the stronger ones in the Group of Seven nations, George Davis, chief technical currency analyst for RBC Capital
Mustard bids remain disappointing
(Resource News International) –– Cash bids for mustard in Western Canada continue to remain disappointing and are not likely seen advancing anytime soon. “There is really an absence of demand from the European Union and that has hurt the bids,” said Mike Jubinville, a market analyst with ProFarmer Canada in Winnipeg. Part of the decline
Feedlots look to cover nearby barley needs
(Resource News International) — Cash bids for feed barley in Western Canada have been holding fairly steady and were a bit firmer in some locations of the Prairies, as feedlots look to cover some nearby needs. “Most of the feedlots have covered the bulk of their requirements, but there are still a few that would
Canola crush pace picks up
(Resource News International) –– The canola crush pace by western Canadian processors has picked up significantly despite the fact the Canadian dollar has been pushing towards parity with the U.S. greenback. “A lot of the extra capacity that we have been anticipating has finally started to kick in,” Ron Frost, a grains/oilseed analyst with the
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