CME April 2022 live cattle (candlesticks) with 20-, 100- and 200-day moving averages (pink, brown and dark red lines). (Barchart)

U.S. livestock: CME cattle firm, hogs rebound

Hogs up off lowest since Feb. 4

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on a round of technical buying on Tuesday after snapping an eight-session losing streak on Monday, traders said. Hog futures rallied on a bargain-buying bounce after sinking to their lowest in more than a month and feeder cattle futures also were firm. CME April



North American Grain/Oilseed Review: Canola continues higher

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 8 (MarketsFarm) – The ICE Futures canola market continued to hit fresh contract highs on Tuesday as world agricultural markets remained focused on the conflict in Ukriane. Crude oil climbed sharply higher on Tuesday on news that Shell would stop buying Russian oil, while the United States and other

Prices for pigs have jumped considerably but costs, particularly for feed, have gone up even faster.

Pork producers slammed by a huge jump in costs

It’s not just feed costs — rising bills for heat, freight, and medication have eaten up a hike in prices

Glacier FarmMedia – Beleaguered hog farmers are finally getting paid more but the extra cash — and then some — is blowing out the door as costs soar. A year ago, it cost about $140 per month to house and feed a pig, said Mark Wipf, hog and feed manager for Lakeside Colony Farming Company,


ICE canola continues upward climb

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 8 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, hitting fresh contract highs once again with the largest gains in the front months. “It’s one hundred per cent being driven by the uncertainty about how the Ukraine situation will evolve through the spring and

Global Markets: More sanctions against Russia

By MarketsFarm WINNIPEG, March 8 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United States is expected to impose a ban on oil imports from Russia as sanctions against the country grow in response to its invasion of Ukraine. The European Union is also set



ICE Canada Morning Comment: Canola reaches new contract highs

Crude, edible oils rising, lending support

By Glen Hallick, MarketsFarm WINNIPEG, March 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued higher on Tuesday morning, with the largest increases coming in the old crop months. In turn, that pushed the nearby May contract and others to new highs. Support for canola was coming from more upswings in the Chicago soy complex


Bread is baked at Erbil in northern Iraq in March 2003. (Photo courtesy United Nations Oil-for-Food Program, www.un.org/Depts/oip/)

Iraq to create strategic wheat reserve

Reuters — Iraq will allocate US$100 million to urgently purchase wheat and create a strategic reserve by importing three million tons of the grain, the commerce minister said in a statement on Monday. “The ministry has a plan to achieve food security for citizens and to address the global rise in food prices due to

CBOT May 2022 wheat (candlesticks) with MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 wheat (orange line). (Barchart)

U.S. grains: Wheat limit up to 14-year highs

CBOT May corn, soybeans down

Chicago | Reuters — U.S. wheat futures gapped higher on Monday, notching a limit-up move as it neared an all-time high on concerns that global supply shipments will be disrupted until the Russia-Ukraine conflict is resolved. European wheat has already hit record highs as deepening Western sanctions against Russia fuelled concerns about exports from the