Reading Time: 5 minutes Alberta cattle producers need better business risk management (BRM) programs and they need them yesterday, says the chair of Alberta Beef Producers. “I believe we are in a crisis,” said Brodie Haugan from his ranch about 80 kilometres south of Medicine Hat. “We’ve seen the compounding effects of drought and severe weather. We’ve seen many […] Read more
Alberta beef producers in dire need of better drought response, says chair
Meanwhile, grain and canola producers managing with crop insurance
Bleak 2024 for Canadian beef sector, says U.S. report
Only two things will save national cow herd, said analyst: feed and moisture
Reading Time: 3 minutes The United States Department of Agriculture has dropped a report painting a grim picture of the Canadian beef industry in 2024. And according to an Alberta market analyst, most of its forecasts check out. The Canada: Livestock and Products Annual report predicts an ongoing contraction of the Canadian cow herd driven by a dwindling heifer […] Read more
High pasta prices set to boil over as Canada’s wheat withers
Drought in Prairie durum-growing region is adding to existing global supply woes
Reading Time: 3 minutes Pasta lovers must brace to pay higher prices for their favourite dish, as drought in Canada and bad weather in Europe damages durum wheat crops and reduces supplies available to flour millers and food companies. Italy’s government called a crisis meeting in May as prices for the staple food jumped by more than double the […] Read more
U.S. grains: Corn choppy, wheat hits new contract low
Market eyes USDA's monthly supply-demand report for price direction
Chicago | Reuters — Chicago corn futures were choppy and wheat futures slid to the lowest level since May on Monday as traders scrambled to adjust their positions ahead of a key government crop report. Corn futures firmed late in the session on short-covering, and as market players debated how big the cuts to the […] Read more
U.S. livestock: CME feeder cattle, deferred live cattle set highs on tight supply
Hog futures down on lower export sales
Chicago | Reuters — U.S. feeder cattle futures and deferred live cattle futures climbed to new peaks on Friday, as limited U.S. supplies continued to propel prices. Inventories of U.S. cattle dwindled to their lowest levels in decades after producers reduced their herds over the last year because drought reduced the availability of pastures for […] Read more
Australian crop estimates adjusted slightly lower
Crop seen down 34 per cent from last year
MarketsFarm — Total 2023-24 winter crop production in Australia, at an estimated 45.2 million tonnes, is expected to be 34 per cent off the record highs hit last year but slightly above the June forecast as upward revisions to canola and barley counter a downward revision to the wheat number, according to the latest crop […] Read more
U.S. grains: Wheat up off three-month low as Australian crop declines
U.S. corn, soy crop ratings fall more than expected
Chicago | Reuters — Chicago Board of Trade wheat futures edged higher on Tuesday, after hitting a three-month low, amid short covering and concerns about dry weather threatening production in export hubs including Australia. Corn futures also rose, while the soybean market eased as traders awaited the start of U.S. harvesting. After the markets closed, […] Read more
Drought hits southern ranchers hard
As grazing co-ops cut stocking rates and water levels drop, tough decisions are being made
Reading Time: 3 minutes With scarce water, big heat and short grass, the 2023 southern Alberta grazing season has been a slow-rolling disaster. On July 12, for the second time in 20 years, the Special Areas Board declared a state of agricultural disaster for Special Areas 2, 3 and 4 due to prolonged drought. The Special Areas cover five […] Read more
Feed weekly outlook: Feed barley, wheat prices coming down
Feedlots' use of U.S. corn adds pressure
MarketsFarm — Despite a hot and dry summer across much of the Prairies, prices for feed barley and feed wheat have fallen off over the past month. The high-delivered bid for Alberta feed barley was $8.06 per bushel, $1.42 less than one month ago, according to Prairie Ag Hotwire. Those in Saskatchewan and Manitoba were […] Read more
U.S. grains: Soybeans dip, despite exports
Damage to Canada's durum could impact pasta prices
Chicago | Reuters — Chicago soybean prices fell for a second session on Wednesday, despite recent export activity, with analysts pointing to traders squaring positions heading into the end of the month. Wheat traded higher, supported by global demand and concerns about Canada’s crop. Corn was near even as traders wait for the harvest to […] Read more
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