Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a three-week high on Friday, lifted by a surge in feeder cattle futures as corn prices tumbled, traders said. Tightening U.S. cattle supplies and a resilient beef market lent support, along with a strong close for the month and quarter on Wall Street that
U.S. livestock: CME cattle up as corn prices slide
Chicago lean hog futures end mixed
Saskatchewan drainage work rebates expanded to farmers
Channel clearing, drain maintenance program shares eligible costs
A program to help rural Saskatchewan municipalities and local authorities cover costs of channel clearing and maintaining drains for flood prevention will now expand to include individual landowners. The province’s Water Security Agency (WSA) said Friday its $1 million cost-share rebate program will expand its eligibility beyond RMs, conservation and development area (C+D) authorities and
Prairie cash wheat: Canadian bids drop with U.S. futures
Canadian dollar also down on week
MarketsFarm — Spring wheat bids in Western Canada dropped sharply during the week ended Thursday, as a selloff in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $23.50-$25.40 per tonne across the Prairies, according to price quotes from a cross-section of delivery points
U.S. farmers plant more corn, less soybeans in 2023
Total U.S. wheat acres estimated up about 8.5 per cent
MarketsFarm — Farmers in the United States seeded more corn and less soybeans than earlier intentions in 2023, according to updated acreage data Friday from the U.S. Department of Agriculture. Total corn plantings in the country were estimated by USDA at 94.1 million acres, which was a million acres above the top end of trade
Bovine TB turns up in Saskatchewan herd
Two cases found after U.S. test flags Canadian heifer
A heifer whose tissues tested positive for bovine tuberculosis (TB) at slaughter in the U.S. has been traced back to a Saskatchewan cattle herd which has now turned up two more cases of the disease. The Canadian Food Inspection Agency, in a report dated Wednesday, said it was notified Feb. 23 by the U.S. Department
U.S. livestock: CME nearby hog futures up ahead of herd data
Cattle up on bullish fundamentals
Chicago | Reuters — Chicago Mercantile Exchange nearby lean hog futures ended higher on Thursday, as wholesale pork prices rose, cash hog prices firmed and traders awaited quarterly hog data from the U.S. Department of Agriculture (USDA). Benchmark August hogs settled up 1.225 cents at 92.325 cents/lb. after reaching 93 cents, right at the contract’s
Canopy Growth sheds California facility amid liquidity worries
Cannabis producer aims to rein in costs
Reuters — Canadian pot producer Canopy Growth said on Thursday it has completed the sale of its facility at Modesto, California as part of its divestitures to raise funding amid liquidity concerns. The sale, the fifth such deal since April 1, is part of Canopy’s ongoing efforts to improve liquidity by reining in costs through
Feed weekly outlook: U.S. corn keeps making way into Canadian rations
Ease of sourcing corn by rail an attractive feature
MarketsFarm — The size and quality of the 2023 Canadian grain crop is still very much in the air, but domestic feeders intend to keep at least some corn from the U.S. in their rations going forward no matter what is grown on the Prairies. Canadian buyers have already booked 78,500 tonnes of U.S. corn
U.S. grains: Corn futures near three-week low
Soy mostly firm ahead of USDA reports; wheat follows corn lower
Chicago | Reuters — U.S. corn futures fell to their lowest in nearly three weeks on Thursday as rains bolstered production prospects in the Midwest and traders braced for key acreage and stocks data due Friday from the U.S. Department of Agriculture. Wheat followed corn lower, pressured by a stronger U.S. dollar, which tends to
Prairie Forecast: Alberta low to bring bit of a cooldown
Issued June 28, covering June 28 to July 5
After a fairly active weather pattern over the last few days, at least across the eastern half of the Prairies, it looks like most regions will see much quieter few days to start off this forecast period. Weak upper-level ridging combine with a broad but weak area of surface high pressure should bring typical summer