GFM Network News

Rising protein demand expected in 2020

Canada able to serve both plant- and animal-based protein markets

MarketsFarm — Demand for plant- and animal-based proteins alike is likely to increase in the coming year. Since 2017, pea protein demand increased by about 13 per cent, Craig Klemmer, chief agriculture economist at Farm Credit Canada, said at Ag Days in Brandon, Man. Over the same time period, demand for canola protein increased by

U.S. livestock: Cattle stumble to two-month low ahead of USDA report

Lean hogs follow cutout values higher

Chicago | Reuters — U.S. live and feeder cattle futures dropped to their lowest prices in about two months on Thursday as traders adjusted positions before a government report that is expected to show an increase in supplies. Hog futures, meanwhile, advanced to their highest prices in about two weeks. The U.S. Department of Agriculture

Canadian Financial Close: Loonie slipping towards 76 U.S. cents

By MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – The Canadian dollar continued lower at market close on Thursday, as crude oil prices declined. The loonie finished the day at US$0.7609 or US$1=C$1.3143, which compares with Wednesday’s close of US$0.7624 or C$1.3116. Benchmark crude oil prices were down on Thursday after the World Health Organization said it

Cattle auctions’ prices steady, volumes strong

Manitoba’s cattle are about equally eastbound and westbound

Despite cold weather and icy highways, cattle markets across Manitoba were in full swing during the week ended Jan. 17. Tyler Slawinski, Gladstone Auction Mart’s auctioneer, said about 600 head showed up to the first auction of the year. “That’s about twice as many as I had expected,” he said. “That’s a good sign for

ICE canola midday: Soyoil continues to weigh on values

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 23 (MarketsFarm) – ICE Futures canola contracts were lower at midday Thursday, following declines in Chicago soyoil. A Winnipeg-based trader noted that soyoil has shifted 40 to 50 points either way over the last several days, which he said was “pretty bizarre.” The expectation had been that soyoil had

ICE canola slightly lower Thursday morning

By Marlo Glass, MarketsFarm WINNIPEG, Jan. 23 (MarketsFarm) – The ICE Futures canola market was lower on Thursday, taking back most of the gains made yesterday. A weaker tone for soyoil on the Chicago Board of Trade kept pressure on canola values this morning. Promises of China increasing soybean purchases have yet to materialize. The

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Jan. 23 (MarketsFarm) The Canadian dollar was weaker Thursday morning, dipping below psychological support as the currency saw a continuation of Wednesday’s declines. At 8:53 CST Wednesday morning the Canadian dollar was at US$0.7597 or C$1.3163 which compares with Wednesday’s North American close of US$0.7624 or C$1.3116. The Bank of Canada’s decision