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U.S. livestock: Live cattle mixed on profit-taking

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tagged cash market cattle futures China closing markets CME feeder cattle hog futures lean hog live cattle swine fever
Chicago | Reuters -- U.S. live cattle futures settled narrowly mixed on Monday, with some contracts easing slightly after prices surged to six-month highs following strong sales in cash markets late on Friday, traders said. Front-month October live cattle jumped to a peak of 113.975 cents/lb., highest since March 14, before settling at 113.425 cents, down 0.375 cent (all figures US$). December live cattle edged up 0.05 cent, to 118.1 cents/lb. October feeder cattle were up 0.3…
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Big Weed hits up Europe hoping for expansion cash

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tagged Aurora Canada cannabis Canopy Growth Europe funds investors marijuana medical marijuana retail Tilray
Toronto/London | Reuters -- A favorite of DIY stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by ramping up efforts to woo European funds as countries across the region approve marijuana for medical use. For some time companies including Canopy Growth, Aurora Cannabis and Tilray Inc. have been signing export deals with European governments, buying local companies, even opening production facilities in the region. This year, they have…
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Mustard crops middling, should fare better than 2017’s

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tagged alberta brown mustard Kevin Hursh mustard mustard acres mustard yield oriental saskatchewan statistics canada yellow mustard
CNS Canada -- Kevin Hursh expects he'll soon hear some good news on his brown mustard crop. "It was probably my only crop that is going to make me a little bit of money," he said. He's still waiting to hear about grading based on the samples he shipped off to the lab, but he's optimistic. "Sometimes that can give you a nasty surprise if you've got wild mustard contamination or something you didn't expect, but I'm hoping that all comes back well." He said he has contracted…
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Canadian hog prices on rebound

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tagged cash prices China hog markets hog prices hogs imports Mexico pork prices slaughter swine fever tariffs
CNS Canada -- Improving trade relations and the emergence of swine fever in China have made their presence felt on the Canadian hog market. Weekly signature No. 5 base slaughter weight cash hog prices averaged $117.83 per 100 kg as of Friday, up by roughly $15 over the past two weeks. Those numbers are a stark departure from the previous month, according to provincial livestock economist Brad Marceniuk in Saskatoon. "During the month of August we saw a big drop in hog slaughter…
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Ottawa budgets $117 million to reconnect Churchill

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tagged Arctic Gateway Churchill federal government hudson bay Jim Carr Nunavut OmniTrax port tank farm terminal
The federal government's latest commitment to restore and maintain rail service from the eastern Prairies up to Hudson Bay will involve $117 million over the next 10 years. Ottawa's pledge follows the Aug. 31 announcement of a deal for a private/public partnership group to buy the Hudson Bay Railway line, which has been closed since May last year due to damage from washouts and flooding. The Arctic Gateway Group is taking over ownership of the line from U.S. shortline operator OmniTrax,…
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Canola crush margins tightest in years

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tagged canadian grain commission canola crush margin crushers domestic usage ICE Futures processing
CNS Canada -- Canola crush margins have fallen to some of their lowest levels in more than a decade, which should keep a lid on any upside in prices. As of Thursday, the canola board crush margin calculated by ICE Futures U.S. was only about $26 above the November contract, which compares with levels a month ago of roughly $38 (all figures C$). At this time a year ago, the nearby crush margin was around $70 above the futures. "It hasn't been this low since the early 2000s," a…
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Trucker shortage troublesome for Prairie cattle industry

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tagged auction marts cattle drivers livestock long-haul regulations shipping shortage training truckers trucking
CNS Canada -- As large volumes of cattle make their way to western Canadian auction marts this fall, buyers are having problems finding truckers to haul them. Those problems may get worse in the future, as federal regulations for cattle hauling could possibly change. “I would say it's worse this year than other years so far, and this is early. We don't normally run into this problem this quick,” said Rick Wright of Heartland Order Buying Co. at Virden, Man. The trucker…
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U.S. grains: Wheat rebounds on bargain buying, corn follows

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tagged cbot China closing markets corn futures exports soybean futures tariffs Tunisia wheat futures
Chicago | Reuters -- U.S. wheat futures jumped three per cent on Friday, rebounding from an eight-week low on a round of technical buying and short-covering ahead of the weekend, traders said. The gains in wheat pulled corn futures slightly higher but expectations for a bumper U.S. harvest stifled rally attempts. Soybeans closed lower on fresh concerns about the trade fight with China limiting exports of what the U.S. Agriculture Department has forecast to be a record…
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U.S. livestock: Live cattle rally to six-month high on strong demand

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tagged beef cattle futures closing markets CME feeder cattle hog futures lean hog live cattle
Chicago | Reuters -- U.S. live cattle futures ended sharply higher to limit up on Friday on in a short-covering and technical buying rally to six-month peaks fueled by strong demand for beef and expectations for higher cash market prices this week. Cattle traders are still waiting for more widespread cash deals to develop at U.S. Plains feedlot cattle markets this week, with expectations for prices to be above the $108/cwt average prices a week ago (all figures US$). Cattle have…
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‘Buyer beware’ on Canada’s cheese concessions, EU exporters say

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tagged Canada CETA cheese cheesemakers European Union exporters free trade imports NAFTA quota Zanetti
Toronto/Brussels | Reuters -- A trade deal meant to give European cheesemakers more access to the Canadian market is falling short of its promise in its first full year, government data show, frustrating the European industry, which blames a year-old Ottawa quota system. Under the Comprehensive Economic and Trade Agreement (CETA) with the European Union, Canada agreed to more than double tariff-free imports of cheese over five years, starting in September 2017. The new imports will…
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