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CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle hit five-week low

Technical selling, weaker beef prices bring pressure

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Chicago | Reuters — Technical selling on Monday drove Chicago Mercantile Exchange live cattle futures to their lowest prices in more than five weeks, while lean hog futures recovered from a sell-off. The cattle market’s losses brought the most-active April contract down six per cent from a life-of-contract high reached on Feb. 16. Strong domestic
(Photo courtesy Canada Beef Inc.)
Beef cattle, Livestock

Beef cattle sector weighs in for federal food processing study

Cattlemen's Association makes recommendations to Commons' ag committee

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The House of Commons’ standing committee on agriculture will soon be wrapping up its study into Canada’s processing capacity. Since November, MPs have heard from more than 50 witnesses on the matter — including representatives from the Canadian Cattlemen’s Association, whose president Bob Lowe and executive vice-president Dennis Laycraft testified at a committee meeting Tuesday.
(File photo)
Crops, Markets

Feed weekly outlook: Offshore demand still lifting Prairie barley

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MarketsFarm — Solid offshore demand for Canadian barley remains the key driver in the domestic feed market, keeping prices high. “It’s certainly not driven by southern Alberta, it’s driven by Vancouver and the export business,” said Allen Pirness, of Market Place Commodities in Lethbridge, on the continued strength in barley bids. Typically, arbitrage opportunities would
CBOT March 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Soybeans fall, pressured by fund selling

Brazil, Argentina showers ease soy, corn supply concerns

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Chicago | Reuters — Chicago soybean futures fell on Wednesday, touching their lowest in more than a week, pressured by technical selling combined with rains across South America, which eased supply concerns. Corn followed, also pressured by beneficial South American rains, while wheat ended lower, but was supported by export optimism. The Chicago Board of
File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)
Crops, Markets

Argentina lifts corn export ban

Export suspension to be replaced with 30,000-tonne sales cap

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Buenos Aires | Reuters — Argentina has lifted a suspension on corn exports announced in December and will opt instead for a temporary 30,000-tonne daily cap on sales abroad, its agriculture ministry said on Monday, backing off the more restrictive measure that had infuriated farmers in the South American grains powerhouse. The world’s No. 3
CBOT March 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat soars as Russia eyes export curbs

Tightening supplies underpin corn, soybeans

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Chicago | Reuters — U.S. wheat futures surged on Friday on concerns about thinning global supplies after the U.S. Department of Agriculture (USDA) slashed its grain stocks outlook and as top supplier Russia pondered export curbs. Corn and soy futures also rose as tightening supplies, particularly of soybeans, and lingering concerns about South American crops
(File photo)
Crops, Markets

Feed weekly outlook: Prices gain strength

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MarketsFarm — Harvest activity in the western Canadian Prairies had depressed feed grain prices at the end of August, but prices have recovered slightly. “There’s been a bit of a break in harvest activity,” Allen Pirness of Market Place Commodities in Lethbridge said. Producers in southern Alberta had been harvesting barley at the end of

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