GFM Network News

Firm cattle futures may lift local prices

Possible U.S. trade deals could serve as a boost for market sentiment

Manitoba cattle auctions were quiet over the Christmas and New Year holidays, but firmness in U.S. futures markets could bode well for prices when activity resumes in the first sales of 2020. “I’m looking for a rally in the fats (butcher cattle) into about March,” said Ben DiCostanzo, senior analyst with Walsh Trading in Chicago.

While every year presents its own challenges and opportunities, a number of themes kept reappearing with only slight variations.

Looking back at the decade that was in grain markets

As the ‘teens come to a close, it’s been 10 years of enormous change

The more things change, the more they stay the same.’ There was no shortage of market moving topics to write about over the past decade, from the demise of the Canadian Wheat Board to the rise of tweet-based international diplomacy, but did anything really change? Grain and oilseed prices had their ups and downs, but

Cattle producers catching up on post-harvest marketings

Local buyers are back looking for lighter-weight animals

Manitoba’s cattle yards remained busy during the second week of December, as the fall run was pushed back a little later this year. “The year started out slow, with everything behind, and it carried on that way,” said Allan Munroe of Killarney Auction Mart. “We’ll sell twice as many cattle this December as last December.”

Fall cattle run starts to slow

As Christmas nears, lower volumes
and steady prices are expected

Cattle auction yards were still busy across Manitoba during the last week of November, although the fall run is starting to slow down as the holiday season approaches. “We saw volumes a little bit lower than the previous week, and that will be the trend until the end of the selling season,” said Rick Wright,

ICE canola futures remain rangebound

Talk of more trade talks supports Chicago futures

The ICE Futures canola market flatlined during the second week of November, trading within a rather narrow sideways range and showing little incentive to break one way or the other. The steady tone came despite a sizable drop in Chicago Board of Trade (CBOT) soyoil prices, as world vegoil markets backed off nearby highs. Soyoil

Fall cattle run picks up steam

After a slow and muddy start, auction barns have filled up

Cattle auction yards were busy across Manitoba during the last week of October, with the fall run in full swing. “We’re busy, I think every barn is full (across the province),” said Robin Hill, of Heartland Livestock Services in Virden. “The volumes in Western Canada really cranked up over the past week, and now everybody