Chicago | Reuters — Chicago Mercantile Exchange lean hog futures crumbled to new life-of-contract lows on Thursday, before finishing mixed, on concerns about poor demand for U.S. pork, analysts said. The market has tanked since last week, with additional pressure stemming from weak cash prices and larger-than-expected supplies of hogs. The front-month contract is down
U.S. livestock: CME hogs slide to new contract lows, finish mixed
April live cattle down, feeders up
CFIA seeks feedback on traceability, animal ID amendments
Producers have until June 16 to comment on proposals
The Canadian Food Inspection Agency is now seeking comment on its proposed amendments to livestock identification and traceability regulations. The regulatory proposal would address what the agency calls “gaps” in the current system, including: adding goats and cervids as animal species that share diseases with other regulated livestock, and therefore subject to traceability requirements, shortening
ICE weekly outlook: Canola continues its collapse
Limited demand, more farmer selling seen
MarketsFarm — After losing $62 per tonne the week before, the May contract on the ICE Futures canola market extended its losses for the week ended Wednesday with little relief on the horizon. Winnipeg-based trader Jerry Klassen of Resilient Commodity Analysis said the massive selloff is the result of farmers realizing there wouldn’t be a
CBOT weekly outlook: More acres expected for U.S. corn, soybeans, wheat
USDA acreage projections due out March 31
MarketsFarm — With expectations of far fewer prevent-planting acres for 2023-24, Terry Reilly of Futures International has called for increases in planted area for corn, soybeans and wheat in the U.S. this spring. The U.S. Department of Agriculture (USDA) is scheduled to release its planting projections on March 31. Reilly pegged planted corn acres at
Little change in barley acres expected
Malt barley prices mainly steady
MarketsFarm — As spring planting approaches, Peter Watt of the Canadian Malting Barley Technical Centre (CMBTC) said there likely won’t be a big shift in barley acres that will be planted in 2023. “Producers have made their [planting] decisions for the most part. You might see people adjust their plans a little bit based on
Dreyfus to step up spending after earnings boost
'Complementary' acquisitions envisioned
Paris | Reuters — Louis Dreyfus Co. (LDC) could nearly double annual investments in the coming years as rising profits help it pursue expansion in its traditional crop trading and newer food-ingredient activities, its CEO told Reuters. The group on Wednesday reported a jump in annual net profit to $1 billion, joining other global crop
AAFC supply/demand estimates mostly unchanged
Wheat exports up, but domestic usage cut
MarketsFarm –– Supply/demand estimates for Canadian crops were largely left unchanged in Agriculture and Agri-Food Canada’s (AAFC) latest projections, with only the wheat numbers seeing small adjustments in the report released Tuesday. Projected Canadian wheat exports for the 2022-23 marketing year were raised to 24.3 million tonnes, up by 200,000 from the February estimate. Domestic
Federal report shows farmer concerns remain regarding emissions targets
AAFC report polled farmers, industry for thoughts on fertilizer emissions policy
A new Agriculture and Agri-food Canada (AAFC) report shows farmers remain concerned about federal emissions reduction targets — and whether those targets remain voluntary. The “What We Heard” Report, released Wednesday, is the result of consultations between AAFC and the agricultural sector to gather feedback on how best to support farmers and producers to achieve
U.S. livestock: CME hogs fall to contract lows on demand worries
April cattle also down on day
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled to contract lows again on Wednesday on concerns about lower demand, analysts said. Worries about the risk for a recession to reduce consumers’ meat purchases hung over livestock markets, particularly for expensive cuts, said Arlan Suderman, chief commodities economist for broker StoneX. Wheat and
Manitoba’s Red River Valley at major risk for flooding
Province's March flood outlook report cites U.S. storms as reason
Manitoba has significantly raised the risk of spring flooding in its Red River Valley, follow “recent precipitation events south of the border.” Manitoba Transportation and Infrastructure’s Hydrologic Forecast Centre on Wednesday projected a major risk of flooding on the Red River and low to moderate risk of flooding in most Manitoba basins in its March
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