Global food commodity prices dipped in September as declines in sugar and dairy offset a new peak for meat prices, the United Nations’ Food and Agriculture Organization said on Friday.
Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on profit-taking on Thursday, though hopes for the border reopening to Mexican cattle imports have also put a damper on prices. On Tuesday, the U.S. Food and Drug Administration announced it had approved Dectomax-CA1, an injectable anti-parasitic medication, to prevent and treat screwworm in cattle.
Chicago soybean futures ticked higher on Thursday, continuing the previous day’s rebound as the market assessed chances for a resumption in Chinese demand following comments by U.S. President Donald Trump.
One of the owners of Universal Ostrich near Edgewood, B.C. condemned the alleged assault and arson against one of the farm’s neighbours said to have been committed by a protestor. The farm is in a legal battle with federal authorities over a cull order of the farm’s ostriches, which contracted avian influenza.
Ample supplies and a lack of demand are weighing on Western Canadian feed barley in early October, with both buyers and sellers reluctant to push values one way or the other.
Combining in Saskatchewan is in the home stretch as the province’s agriculture department reported it at 84 per cent complete. Although the harvest advanced 16 points during the week ended Sept. 29, it was eight points behind the five-year average.
U.S. Treasury Secretary Scott Bessent said on Thursday the federal government would support American farmers in light of China’s refusal to buy U.S. soybeans amidst a trade war between the countries.
Chicago | Reuters – Chicago Mercantile Exchange cattle futures traded both sides of unchanged on Wednesday as mixed-to-weaker cash markets and a continued tight supply of cattle buffeted futures, analysts said. Industry experts said the U.S.-Mexico border is likely to be closed to cattle imports for the foreseeable future as the flesh-eating screwworm parasite spreads.