Cattle market moves are interesting this week, as prices move opposite directions in Canada and the U.S, demand for hamburger tidies up some supply, and feeder cattle movement remains strong. Every second Friday, the Beef Market Update brings you the latest in cattle movement numbers, beef export stats, value changes and so much more. This... Read More
Category: Markets
Cattle markets reacted negatively to the news earlier this week of dairy cows testing positive for HPAI in Texas and Kansas. As Anne Wasko of the Gateway Livestock Exchange explains, it's unfortunate but not unexpected to see a downward dip in futures when uncertainty creeps in to the marketplace. Cash trade in the U.S. was... Read More
Geopolitics, interest rates, currency fluctuations, market demand and the weather — there's much for farmers to consider when making business decisions in a volatile market. Meteorologist and market analyst Shawn Hackett says it's important for farmers to have a good understanding of all the factors that can impact prices to build effective marketing strategy. At... Read More
The big corn Ontario crop of 2023 is doing what analysts suspected it would to cash prices — and it's not a rosy picture. Phil Shaw, market analyst and farmer from Dresden, Ont., says that a seasonal post-harvest rally didn't even happen, which was a little surprising, and Ontario farmers have got plenty of corn... Read More
There are reasons to feel some sustained optimism in cattle markets right now, as trade is holding steady while feed costs dip slightly, says Anne Wasko in this week's Beef Market Update. Cattle prices held strong to steady this week in the more northern regions, which is good news, even if trade was quite light... Read More
GrainFox, a subsidiary of Farmlink Marketing Solutions, has announced its entry into the U.S. market via a partnership with Chicago-based market advisory firm AgResource. "We are thrilled to announce our partnership with AgResource as we expand into the U.S. market. This collaboration is a testament to our commitment to providing producers and agribusinesses with the... Read More
Monday, U.S. ag secretary Tom Vilsack released the final wording of the "Product of U.S.A." label requirements as it relates to several products, including beef and pork. Though voluntary, the rule is as restrictive — or more — than the mandatory country of origin labeling (mCOOL) requirements that spawned years and years of trade disputes... Read More
Canadian farmers will be planting more pulse crops, oats, and durum in 2024. Acres of corn and soybeans are expected to be similar to last year, while wheat and canola area is expected to drop slightly, according to Statistics Canada's acreage estimates published on Monday, March 11. Most of the estimates were within the range... Read More
Houston, we have a problem — and it's larger-than-ideal crop supplies available combined with lagging demand for some oilseed and crush byproducts. That's at least part of what is going on in the oilseed complex, says Tyler Schau of AgMarket.net. He spoke with Shaun Haney at Commodity Classic last week held at — you guessed... Read More
We know the Canadian cattle herd has been shrinking, but by how much? In this week's Beef Market Update, Anne Wasko shares the January 1, 2024 Canadian cattle inventory numbers and provides some context on not only what it means for the current beef and dairy cow herd, but also how the inventory breaks-down by... Read More