Cattle prices see support from action on the grill

Terryn Shiells, Commodity News Service Canada / The number of cattle heading to auction yards in Manitoba was steady, while stronger prices were seen in both the slaughter and feeder cattle markets during the week ended June 1. Steady to stronger prices were seen in the slaughter cattle market; the summer barbecue season entered full


Loonie expected to remain slightly below parity

Commodity News Service Canada / The loonie will likely remain slightly below parity with the U.S. greenback as continued global economic uncertainty will weigh on the Canadian currency, predicts currency analyst Greg Moore. The FX Strategist with TD Securities in Toronto expects the Canadian dollar to trade around 97 cents in the second quarter and around

Steady-as-she-goes forecast for loonie

Don’t expect big changes in the value of the Canadian dollar over the next month, says Shaun Osborne, a currency expert with TD Securities in Toronto. The loonie should stick in the 96- to 99-cent range (US) over the next two to four weeks, said Osborne. Europe and its ongoing debt concerns will continue to


Lightweights expected to move as auctions resume

Strong prices and movement at the various auction marts across Manitoba are expected to continue in the new year as activity resumes after the Christmas holiday season. “Indications are that the few cattle that have been publicly traded out there are fully steady,” said Rick Wright, a cattle buyer for Heartland Order Buying Co., adding

Several keys may unlock demand for Manitoba cattle

The Manitoba cattle market looks strong heading into the new year. Firm cattle movement in the fall at various Manitoba auction marts was seen as supportive, setting the stage for 2012. “Hopefully everything will be clear sailing right through 2012 and hopefully we’ll get another two to three years of good marketing for our producers,”


Canada Hog Herd Rises Slightly

Winnipeg / reuters/ The number of hogs on Canadian farms edged up slightly since last year, but inventories were still second smallest in more than a decade, according to Statistics Canada data released Nov. 4. After a long period of decline for the industry, farmers also held on to more of their breeding stock, suggesting

Weak U.S. Dollar Lends Underlying Support To Commodity Prices

The U.S. dollar index dipped below $74 last week – posting a 32-month low. Prices have not been this low, since August 2008. The U.S. dollar is the world’s primary reserve currency and it is traded at the Intercontinental Exchange (ICE), which is the world’s centralized price discovery point for the U.S. dollar index. The


Strong Canadian Dollar Here To Stay

The fundamentals continue to support a strong Canadian dollar, according to a market analyst. “Our forecast is for the Canadian dollar to hit US$1.05 in Q2, and we’re probably getting there a little faster than anticipated,” said David Watt, senior currency strategist with RBC Capital Markets. The Canadian dollar was sitting above US$1.04 on April

Hogs Profitable Again, But Producer Debt Still Huge

Manitoba hog producers face a long, steep road to financial recovery despite a recent return to profitable prices. A recent market rebound means producers can expect profitable margins this spring and into summer, according to h@ms Marketing Services Co-op. But producers remain saddled with crippling debt loads accumulated during three years of depressed markets that