U.S. Federal Reserve Archives - Manitoba Co-operator

"We are feeling the
fallout of those
decisions that were
made in 2020, and we’ll
continue to do so until
we see a new normal
develop.”

Meat industry hits hard times

Inflation, high interest rates and high input costs are catching up to sector

By Don Norman May 26, 2023

The meat industry, particularly pork, is facing tough times as inflation catches up with demand. There’s been a torrent of bad news in the meat sector in the last two months. Tyson Foods reported its first quarterly loss since 2009; HyLife’s processing plant in Windom, Minn., declared bankruptcy; Smithfield Foods is closing 40 sow farms

Currency markets, Markets, News, Other

Loonie set to weaken heading into new year

Many factors appear set to weigh in against our dollar in the coming days

By Phil Franz-Warkentin December 15, 2017

The Canadian dollar has seen some wide moves over the past week, but appears to be trending lower relative to its U.S. counterpart heading into 2018, according to a currency analyst. “We see (the Canadian dollar) weaker for the first quarter of this year,” said currency strategist Mark Chandler, of RBC Dominion Securities, pointing to

Cereals, Grain Markets, Oilseeds, US Markets

GRAINS-Corn edges up from 11-month low on bargain buying

By Reuters May 22, 2013

SYDNEY, May 22 (Reuters) - U.S. new-crop corn rose on Tuesday on bargain buying after the grain slid to an 11-month low in the previous session when figures showing record planting by U.S. farmers weighed on prices. FUNDAMENTALS * Chicago Board Of Trade December corn, the most actively traded contract, rose 0.24 percent to $5.21-1/2

Cereals, Grain Markets, Oilseeds, US Markets

GRAINS-Corn firms, soybeans hit 7-wk high on tight stocks

By Reuters May 17, 2013

SYDNEY, May 17 (Reuters) - U.S. corn rose for the first time in four sessions on Friday as investors looked for bargains after expectations that sowing would rapidly accelerate on forecasts of dry weather weighed earlier in the week. Despite falling for much of the week, corn is set to finish the week up 1

Cereals, Crops, Grain Markets, Oilseeds

Prairie weather not done with markets just yet

By Phil Franz-Warkentin September 22, 2012

ICE Futures Canada canola contracts posted solid gains during the week ended Sept. 14, as production concerns in parts of the Prairies, and expectations that supplies may not be enough to meet the demand going forward, provided support. Canola ended the week with new contract highs in many months, and the bullish technical signals could

News

Canadian dollar flirts with U.S. parity

By Ryan Kessler August 21, 2012

The Canadian dollar has reached parity with its U.S. counterpart because of the Bank of Canada’s commitment to a tightening bias. Despite struggling economies in the U.S. and the euro zone, the Canadian dollar will likely hover around the parity mark for the remainder of the year, according to one analyst. “The Bank of Canada

Cereals, Grain Markets, Oilseeds

Economic Jitters, Harvest Pace Weigh On Grains

September 29, 2011

Canola futures on the ICE Futures Canada trading platform suffered a serious price setback during the week ended Sept. 23. Global macroeconomic concerns combined with an aggressive harvest pace on the Canadian Prairies to send values down sharply. All the canola contracts lost at least $20 per tonne each. The penetrat ion of support in

Crops

Strong Canadian Dollar Here To Stay

By Phil Franz-Warkentin April 14, 2011

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

Livestock

U.S. Says Its Policy Not To Blame

February 10, 2011

U.S. Federal Reserve chairman Ben Bernanke said Feb. 3 it was “unfair” to blame U.S. monetary policy for pushing up inflationary pressures in emerging market economies. Some analysts have blamed the fed’s quantitative easing for flooding the global economy with money and helping to drive prices for food and other commodities higher. “It’s entirely unfair

Grain Markets, Oilseeds

Loonie’s Rise Doesn’t Slow Canola’s Climb

By Phil Franz-Warkentin November 11, 2010

Canola futures at ICE Futures Canada were higher during the week ended Nov. 8, continuing the steady climb that’s been in place since the beginning of October, and going back to June in the monthly charts. While underlying concerns about the size of the Canadian canola crop remain supportive overall, the gains this week were

Daily Network News

‘Not a happy Trump supporter’: U.S. Cattle ranchers hit by push for lower beef prices

Equine herpes case confirmed at Moose Jaw Exhibition Company

U.S. livestock: CME cattle futures lower after sideways trade

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