Ontario Agriculture

The network for agriculture in Ontario, Canada

Cattle Market Update - Anne Dunford from Realagriculture

Views: 337

▶ Reply to This

Replies to This Discussion

Permalink Reply by OntAG Admin on October 19, 2009 at 9:34am
Here is the latest Update from Anne Dunford on Realagriculture.com


Permalink Reply by OntAG Admin on October 19, 2009 at 9:47am
USDA Cattle On Feed Report: Should be Supportive of Prices.


Please click on the link below for today’s Daily Video Market Commentary from Farms.com Risk Management

http://video.farms.com/VideoPlayerRM_m/


*Note*-The video is best viewed with Internet Explorer and Safari. You may experience difficulties when using Firefox.






Moe Agostino, Managing Commodity Strategist, Farms.com Risk Management – Daily Commodity Market Commentary Report for October 19, 2009.



This video is being sponsored by Pride Seed Performing Everywhere You Go.



In this past Friday’s Cattle on Feed Report for October 16, 2009 came in as expected but for the first time in 18-months the on-feed numbers were higher than a year ago but the supplies were still relatively small so this should be supportive of cattle futures.



Cattle in US feedlots with capacity of 1,000 or more head totaled 10.5 million head on October 1, 2009 and this was 1% (101%) above October 1st, 2008 vs. expectations of a 100% vs. prior month at 99%.



Placements in feedlots during September totaled 2.39 million, 5% (105%) above 2008 vs. expectations of 105% vs. prior month of 102%. Net placements were 2.06 head.



Marketing’s of fed cattle during September totaled 1.75 million head, 4% (96%) below 2008 vs. expectations of 98% and prior month at 96%. This is the third lowest fed cattle marketing’s for the month of September since the series began in 1996.



BOTTOM-LINE:



The October 1 cattle on feed report was neutral, however the September marketing’s total was reported smaller than expected (96% vs. 98%) and the futures market may view this as bullish but cattle futures may have already built in these numbers so a bottom has occurred for now but we expect the futures to retest the bottom one more time.



In other news, weekly export sales were reported this past Friday with US soybeans at 654,500 mt above expectations of 500-650,000mt up 45% from the week prior while corn was reported at 631,800 mt vs. expectations of 600-800,000 mt, up 21% from the week prior and finally wheat came in at 480,200 mt vs. expectations of 450-600 000 mt down 37% from the week prior.



The much anticipated Deutsche Bank liquidation or rebalancing of their commodity portfolios begins today and is expected to mostly impact wheat, corn soybeans, cattle and hogs over the coming 10 days.



The upper US Midwest including Ontario has experiencing a cooler than normal growing season and now persistent rainfall and cold temperatures have caused the worst harvest delays in recent memory.



In today’s USDA crop progress report markets are not looking for much progress on harvest as last week provided more rain so weather will continue to be the focus with the grain markets as harvest will be a tough go and brief with periods of dry periods as rain is called again by the middle of this week. Unfortunately it might just be a long harvest this year.



Please visit our website at www.riskmanagement.farms.com. Until next time thanks for watching.





Thank-you





Maurizio (Moe) Agostino, HBA, DMS, FCSI

Managing Commodity Strategist

Farms.com Risk Management

Toll-Free: 1-877-438-5729 ext. 5040

Cell: 1-519-871-2134

Fax: 1-519-438-3152

E-mail: moe.agostino@farms.com

Website: http://riskmanagement.farms.com





Mike McFarlane

Farms.com Risk Management

Toll-Free: 1-877-438-5729 Ext 5110

Fax: 1-519-438-3152

E-Mail: mike.mcfarlane@farms.com

Website: http://riskmanagement.farms.com

▶ Reply to Discussion

RSS

Agriculture Headlines from Farms.com Canada East News - click on title for full story

Which Situations Require the Use of a Soybean Inoculant?

If soybeans have been in a rotation on the field, an inoculant is not normally recommended. Most universities recommend that if the field has not grown soybeans in the last 3 or more years an inoculant may help to prevent a yield loss. Some environmental conditions, such low pH, floods, and drought may increase the need for periodic inoculation even in fields with a history of soybean production. Care must be used when storing and handling these products as they contain a living bacteria. Soybeans form a symbiotic (mutually beneficial) relationship with nitrogen-fixing bacteria that live in the soil (Figure 1). In this relationship, Rhizobia bacteria fix atmospheric nitrogen into a plant available form in exchange for plant-derived carbon. Because soybeans are the host for the bacteria, if soybeans are grown in rotation the bacteria will persist in the soil. However, if soybeans have never been grown or have not been grown in an area for several years, the bacteria can become deple

Effects of Frost & Freeze Conditions on Young Corn and Soybeans

Air temperatures at or below 28 °F can be fatal to corn and soybeans, depending on their duration and crop growth stage. Waiting a few days after the freeze or frost event to examine affected plants, is the best way to assess the extent of damage and make management decisions. Certain management practices such as herbicide applications, may need to be delayed when frost-freeze injury occurs. Air temperatures at or below 28 °F for just a few hours can kill corn outright, even when the growing point is below ground, while air temperatures above 28 °F have a variable effect on young corn. For soybeans, when the air temperature drops below 28-32 °F, plants can experience some degree of frost damage. If the freeze period lasts for several hours and damage occurs below the cotyledons, soybeans can die. When light frost occurs, it typically shows up in bottom ground and lower parts of fields where the cold air has a chance to collect. It may also show up in fields protected by trees, since

Bfo Statement: Ontario Court Upholds The Legislation And Intent Of The Security From Trespass Act

The Beef Farmers of Ontario (BFO) is pleased to hear that the Ontario Superior Court of Justice has upheld the legislation and intent of the Security from Trespass and Protecting Food Safety Act (2020), which has been under a court challenge since 2021. We understand that while the Act has been upheld, a ruling on sections of the underlying Regulation has been suspended. We will be actively monitoring further developments regarding this case. The Security from Trespass and Protecting Food Safety Act is a critical safeguard to protect farm animals, the food supply, farmers and others from risks that are created when trespassers enter places where farm animals live or when persons engage in unauthorized interactions with farm animals. The repercussions include the risk of exposing farm animals to disease and stress, as well as the risk of introducing contaminants into the food supply. Animal neglect, abuse and cruelty is never acceptable, and animal welfare is of the utmost importance

Federal Budget 2024 Misses Key Opportunities, says Fruit and Vegetable Growers of Canada

Budget 2024 unfortunately overlooks several significant measures that could have greatly supported the fruit and vegetable sector, such as a carbon tax exemption, financial protection against market volatilities, and the establishment of a Grocery Code of Conduct. Similarly, no funding was allocated for greenhouse agriculture or the Sustainable Agriculture Strategy, both essential for climate adaptation and sustainability. Nevertheless, Fruit and Vegetable Growers of Canada (FVGC) is cautiously optimistic about several included initiatives, like the extension of the Advance Payments Program’s interest-free limit to $250,000 and the introduction of the New Canada Carbon Rebate for Small Businesses. The budget also proposes funding for maintaining the pesticides regulatory system and promoting sustainable pesticide use, which underscores the importance of sustainable crop protection practices. FVGC is particularly concerned about the rising costs affecting both growers and consumers. As

Altona's E2 Trucking acquires Rosenort-based trucking firm

E2 Trucking, an Altona-based company, has expanded it's operations by acquiring PK Friesen Trucking in Rosenort. A big step for the company, the deal closed on February 9th. . E2 owner Evan Erlandson says they learned a lot and got to know a lot of good people that he's proud to have on the team. "That added 12 trucks to our fleet, roughly an even split of north-south routes and east-west routes. The east-west trucks and trailers and business was new to us, we were not involved in that business. The north-south wasn't new to us, so we just kept those guys on. Well, we kept everyone on, and we're doing our best to keep everybody busy." The fleet now totals about 35 units. Along with the repair shop, support staff, is made up of some 10 people, including three full-time mechanics, dispatchers, administration, a couple of managers and all the drivers. From the perspective of a business owner, Erlandson feels a responsibility, especially in small town, to do what he can to preserve

© 2024   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service