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

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tagged argentina Brazil cbot closing markets Corn export futures Plains rain Russia soybean Wheat
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 Trade (CBOT) most-active soybean contract ended 16-1/4 cents lower at $13.69-1/2 per bushel (all figures US$). CBOT corn…
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U.S. livestock: Lean hogs climb on falling grain futures

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tagged beef Cattle cattle on feed closing markets CME feed grain feeder cattle futures hogs lean hog live cattle Pork Swine USDA
Chicago | Reuters -- CME Group lean hog futures climbed Wednesday, supported by lower feed grain futures and expectations the U.S. herd will shrink moving into the spring, traders said. CME's most-active April lean hogs added 1.65 cents to close at 73.075 cents/lb., while the spot February contract strengthened 1.95 cents to end at 68.425 cents/lb. Summer month contracts are trading at a significant premium to front-months, with June hog futures 16.075 cents higher than…
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Ontario calls off final intake for beef set-aside

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tagged beef cargill Cattle feed Guelph intake maintenance ontario set-aside
Ontario has called off the last intake for its federal/provincial beef cattle set-aside program. The Beef Emergency Feed Maintenance Initiative, an AgriRecovery program launched after the temporary shutdown of Cargill's beef slaughter plant at Guelph, was to have its "final potential intake week" opening Monday (Jan. 18), for cattle to be set aside starting Jan. 25. However, the committee of provincial ag ministry staff and beef industry representatives steering the program has since…
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Pulse weekly outlook: Green, yellow pea prices reach parity

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tagged China exports feed green peas india Jubinville markets Peas prices yellow peas
MarketsFarm -- Yellow and green pea prices in Western Canada have taken divergent paths to start 2021, with yellow peas on the rise and greens declining as values reach parity in many locations. Mike Jubinville of MarketsFarm Pro explained that while Canada's pea exports suffered under yellow pea import restrictions implemented by India, China later filled the void by bringing in more peas from Canada. "Fortunate for us, especially in the last 18 to 24 months, China has emerged…
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Dairy farmers must register to get further trade compensation payouts

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tagged Bibeau cash payments CDC CETA compensation CPTPP dairy Dairy Direct Payment dairy farmers deadline quota registration
Dairy farmers wanting to get in on a three-year, $1.405 billion federal compensation program for market share lost to free trade deals must register for the program by March 31 in each of those years. Agriculture Minister Marie-Claude Bibeau on Tuesday laid out further specifics for the Dairy Direct Payment Program, which is set to start in the 2020-21 program year with direct cash payouts totalling $468 million. But to get their 2020-21 payments, eligible dairy farmers will have to…
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U.S. livestock: Cattle futures strengthen ahead of USDA report

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tagged beef cash index Cattle cattle on feed closing markets CME feeder cattle futures hogs lean hog live cattle Pork slaughter Swine USDA
Chicago | Reuters -- CME Group live cattle futures gained on Tuesday as traders began positioning ahead of Friday's monthly Cattle on Feed report from the U.S. Department of Agriculture, traders said. Feeder cattle futures also rose, supported by weaker feed grain futures. Lean hog futures declined after gaining on Friday as futures look to converge with a lower cash index. CME April live cattle futures ended 1.15 cents higher at 119.35 cents/lb., while March feeder cattle gained…
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Provinces’ feet held to fire on AgriStability

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tagged agriculture ministers AgriStability Bibeau BRM business risk management compensation farm programs Hardeman reference margin
The co-chairs of Canada's agriculture ministers' meeting are pushing to get proposed improvements to AgriStability in place sooner than later. Federal Agriculture Minister Marie-Claude Bibeau and her Ontario counterpart, Ernie Hardeman, "urge all provincial and territorial ministers to support the proposed changes to the AgriStability program," they said in a joint statement Tuesday. At a Nov. 27 online meeting with her provincial and territorial counterparts, [Read more]

U.S. grains: Soybeans fall on South American rainfall

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tagged Brazil cbot closing markets Corn exports futures rainfall Russia soybean tax ukraine Wheat
Chicago | Reuters -- Chicago soybean futures slid on Tuesday as rain across South America strengthened crop prospects and bolstered the global supply outlook, traders said. Corn followed soybeans lower, but was supported by strong export demand and possible export limits in Ukraine. Wheat futures fell slightly, but were bolstered by an export tax in top-producer Russia. The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 31 cents to $13.85-3/4 per…
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Klassen: Feeder cattle market in price-discovery phase

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tagged alberta calves cattle futures cattle markets cattle prices fed cattle feeder cattle heifers Jerry Klassen manitoba saskatchewan steers yearlings
Compared to last week, Alberta feeder cattle markets were relatively unchanged while Manitoba and Saskatchewan prices were down $2 to as much as $5 in some cases. Alberta packers were buying fed cattle on a dressed basis in the range of $248-$250, up $4-$5 from last week. Strength in the fed cattle market spilt over into the heavier weight categories. Backgrounded yearlings are starting to come on stream and these cattle were met with moderate buying interest. Heavier calves over 800 lbs.…
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Ontario backs ‘horse experience’ businesses for horse upkeep

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tagged camp carriage COVID-19 feed Horses ontario pandemic riding school sleigh therapeutic riding trail ride veterinary care water
Ontario horses whose jobs with riding schools, camps and trail rides were lost or cut back during the COVID-19 pandemic may be eligible for funding toward their upkeep. The province on Thursday announced a $3 million equine hardship program would launch starting Monday (Jan. 18) help "horse experience" businesses cover animal maintenance costs. The program is "specifically designed for horse experience businesses…
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