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Shutdowns and slowdowns at packing plants caused by COVID-19 have created a backlog of 130,000 cattle that must be fed until they can be processed.
Beef Cattle, Livestock

Packing plants back on track, but future uncertain

With a huge backlog of animals to work through, cattle groups are fearful of what comes next

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Alberta’s beef-packing plants are working at or near full capacity but the crisis is not over yet, say cattle leaders. “Our processing capacity has continued to increase over the past few weeks and cattle prices have been relatively strong, but markets are still vulnerable to a disruption in the processing plants,” Alberta Beef Producers chair […] Read more
Crops, Markets

CBOT weekly outlook: Spring wheat premium widening over winter wheat

Row crop futures stuck in sideways range

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MarketsFarm — All eyes remain on weather conditions in U.S. grain and oilseed markets, with soybeans and corn stuck in sideways patterns while seasonal harvest pressure causes the spring wheat premium to widen over the winter wheats. The advancing winter wheat harvest has weighed on Chicago and Kansas City winter wheat contracts recently, with reports […] Read more
Cow-Calf, Livestock, Markets

WLPIP calf price insurance deadline extended

Three-week extension includes nine purchasing days

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Cattle producers in the western provinces will get extra decision-making time this year on the calf price insurance available through Western Livestock Price Insurance (WLPIP). The Prairies’ Crown ag insurance corporations announced Thursday that the deadline to buy WLPIP calf price insurance for 2020 has been extended to June 18. The new deadline, reset from […] Read more
Beef Cattle, Livestock, Markets

Saskatchewan to adjust WLPIP premiums for producers

Province also opts in to fund AgriRecovery set-aside plan

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The Saskatchewan government plans to temporarily subsidize livestock producers entering the Western Livestock Price Insurance Program (WLPIP) against its recent jump in program premium costs. The province on Thursday announced it will provide $5 million to “partially offset” WLPIP premiums, which it noted have risen “significantly” since the end of February this year on COVID-19-induced […] Read more
Beef Cattle, Livestock, Markets

Cattle producers press for lower price insurance premiums

WLPIP is needed, but unused because premiums too expensive, CCA says

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The Western Livestock Price Insurance Program is not functioning properly due to very high premiums and needs to be quickly revamped, says the Canadian Cattlemen’s Association. “We’re having unprecedented volatility for markets. Having tools in place for farmers and ranchers has never been more important,” executive vice-president Dennis Laycraft said during a telephone town hall […] Read more
Livestock, Markets, Reuters

As meat demand rises, processors raise pay for farmers, workers

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Chicago | Reuters –– North American meat processors said on Monday they would pay extra money to farmers and slaughterhouse workers as the companies scramble to meet surging demand from consumers unnerved by the spread of the new coronavirus. Companies such as Tyson Foods and Cargill want to ensure their slaughterhouses remain supplied with cattle […] Read more
Barley, Crops, Markets, Spring Wheat, Weather

Feed weekly outlook: Prairie grain market finding a bottom

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MarketsFarm — The western Canadian feed grain market is showing signs of finding a bottom, as buyers wait to get a better handle on the quality of grain still unharvested across the Prairies. Feed barley is currently trading at around $200 per tonne in southern Alberta, while feed wheat bids are around $210, according to […] Read more
Canola, Crops, Markets

ICE weekly outlook: Uncertainty, lack of farmer selling lift canola bids

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MarketsFarm — Over the last week or so canola prices have been largely supported by two factors, according to Errol Anderson of Pro Market Communications in Calgary. “To some degree it’s still crop uncertainty and growers aren’t selling.” Cash bids have varied widely, he said, while spot premiums have shot up a bit. “That indicates […] Read more
General, Markets, Reuters

Brazil may raise farm subsidies despite belt-tightening

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Brasilia | Reuters — Brazil could double spending on subsidized farm insurance in 2020 and may expand subsidized loans, the country’s agriculture policy secretary said on Thursday, even though the new government’s economic team has pledged to cut spending. The negotiations on next year’s farm subsidies highlight the powerful agribusiness lobby’s struggle to preserve benefits […] Read more

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