(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market grinds lower

Compared to last week, western Canadian yearling markets were down $2-$5 while calves dropped by $3 to as much as $8. We’re now seeing some medium-quality calves weighing around 550 lbs. sell under the psychological $200 level in central Alberta. The market is lacking demand. Feedlot inventories are running 33 per cent above the five-year



The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018.
 Photo: REUTERS/Brendan McDermid

ADM profit more than doubles on strong crush margins, vegoil demand

Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in the fourth quarter and foresees

Global Markets: Anti-coup protests in Sudan

By MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Pro-democracy protesters in Sudan barricaded streets for the second-day in a row as thousands demonstrated against the military coup that overthrew the country’s interim government on Monday. At least seven demonstrators have been


ICE Canada Morning Comment: Canola easing off

Losses in rapeseed, soy weighing on values

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) –Intercontinental Exchange (ICE) canola futures were taking a step back on Tuesday morning. There were declines in European rapeseed, as well as in the Chicago soy complex. Tempering further losses were small gains in Malaysian palm oil, tight canola supplies, lackluster production this year and concerns about

Photo: Thinkstock

U.S. livestock: CME cattle futures rise on support from fewer cattle placements

Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose on Monday, as the market continued to be bolstered by a government report showing fewer cattle placements than expected, traders said. The USDA’s monthly cattle on feed report, released after the market close on Friday, showed September cattle placements at 97% year-over-year, beneath trade estimates



Canadian Financial Close: Loonie dips, TSX extends rally

WINNIPEG – The Canadian dollar slipped back on Monday due to softening crude oil prices and speculation regarding the Bank of Canada’s (BoC) interest rate announcement on Wednesday. The loonie was at US$0.8078 or US$1=C$1.2379 on Monday, down from Friday’s price of US$0.8093 or US$1=C$1.2357. The BoC is expected to raise its inflation forecast and


China Sept. meat imports fall 17 per cent from year earlier

China’s meat imports in September fell sharply from a year ago to their lowest in 19 months, customs data showed on Wednesday, as cheap domestic pork cut demand for overseas supply. China brought in 694,000 tonnes of meat in September, down 17 per cent from the same month a year ago, according to the General

North American Grain/Oilseed Review: Canola nears contract highs

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 25 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, boosted by spillover from gains in Chicago Board of Trade soyoil and Malaysian palm oil. Bullish chart signals contributed to the gains, as prices neared major upside resistance. Tight supplies remained another supportive influence, although demand is