The story for the last couple of weeks in the cattle markets has been the cash market, and how it is responding on both sides of the border. In both the U.S. and Canada, the cash market has been extremely positive, says Anne Wasko of the Gateway Livestock Exchange. In this week’s episode of the… Read More
Category: Markets
The United States Department of Agriculture (USDA) has released its much anticipated Prospective Plantings report. Overall, there were no real surprises in the report. The corn planting average is up four per cent from 2022, and the soybean average is up slightly as well. As of early Friday, soybeans were keeping a bullish tone, with… Read More
Within hours of Chrystia Freeland, Deputy Prime Minister and Minister of Finance, introducing the 2023-24 federal budget, comments in support of or criticism against the government’s proposed budget began to roll in. Livestock groups, including the Canadian Cattle Association and Dairy Farmers of Canada, are welcoming the government’s commitment to establishing a Foot-and-Mouth (FMD) disease… Read More
The winter of 2013-14 stands out in the minds of many who were involved in growing and marketing grain in Western Canada as the year of the massive grain backlog, as railways struggled to meet demand for moving crops from country elevators to export markets. With no access to water, like the St. Lawrence or… Read More
Often when talking about the cattle markets, we talk about carcass weight, but sometimes without even completely realizing what it means or what the average weight can tell us. Anne Wasko of the Gateway Livestock Exchange says at the end of the day, we’re all selling beef tonnage — pounds of beef is what consumers… Read More
There’s plenty of uncertainty in 2023 grain markets. The potential for big corn and soybean acres combined with weak economic performance could push prices lower as the year unfolds. But there’s still plenty of profit opportunity, says AgMarket.Net co-founder Jim McCormick. He shared his take on the markets while participating in a market panel at… Read More
The calendar says it’s spring, and we’re ramping up quickly towards the seeding season. Although plenty of cropping plans are already completed, it’s that time of the year where last-minute decisions are going to be on the table. Neil Townsend, market analyst with GrainFox, joined Lyndsey Smith on Wednesday’s edition of RealAg Radio to discuss… Read More
It’s been nearly six years since Canada ratified a major trade agreement with its second largest trading partner, the European Union. While the deal has been hailed as an overall success, it has yet to live up to its potential when it comes to agricultural exports from Canada. At the time in 2017, it was… Read More
There are lots of things we are always keeping our eyes on in the cattle markets, but today, our eyes are on the fed cattle markets. Since our last Beef Market Update with Anne Wasko of the Gateway Livestock Exchange, the U.S. markets have taken a bit of a dive, while in western Canada we… Read More
There is growing caution among analysts on where markets will land at and after harvest 2023, as some inflation pressures ease and prices drop. Input prices have pulled back, too, but for those who may still need to price product, the clock is ticking. Kevin McNew, vice president of research and chief economist for Farmers… Read More