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

How one company is reducing agricultural waste on Earth Day

As the world celebrates Earth Day on Monday, one agriculture organization is reflecting on the work it accomplished in 2023. According to a release from CleanFarms, a non-profit group that ensures farmers actively contribute to a healthy environment, the agriculture industry used many recycling and safe disposal programs for agricultural plastics and packaging last year, and there’s certainly an appetite for more solutions in the future. One example that CleanFarms offers is AgriRÉCUP in Quebec, which operated four permanent collection programs and two pilot programs in the province that captured pesticide and fertilizer containers, plastics for hay and silage protection and seed, and pesticide and fertilizer bags. “We’re thrilled to have seen so much expansion in our programs last year,” said Barry Friesen, executive director of Cleanfarms. “Earth Day encourages us to acknowledge the important work we get to do on behalf of our members, with farmers, first sellers, ag retailers, an

More incentive for grads to consider agriculture-focused vet career

On any given day, Prince Albert, SK veterinarian Peter Surkan sees roughly 40 patients, but for every patient he sees, there are dozens more waiting. To accommodate all of the clients in the area, Surkan said there needs to be more vets, especially in smaller, rural communities. His practice in Prince Albert only has three full and part-time veterinarians, compared to 10 vets a decade ago. On Friday, the province announced $13.2 million in funding to the Western College of Veterinary Medicine (WCVM) in 2024-25, representing a $667,000 increase over last year. The money will partially subsidize 25 training seats for Saskatchewan students. “We continue to see a rising demand for veterinary services in the province and they are a key support for our growing economy,” Advanced Education Minister Gordon Wyant said in a press release. “This is a priority investment for Advanced Education that supports the continued implementation with five new seats, bringing the total now to 25 seats, t

Squeal on Pigs Manitoba receives new Sustainable Canadian Agricultural Partnership funding

Manitoba Pork, in partnership with the Government of Canada and the Province of Manitoba, and in collaboration with Manitoba’s agricultural sector, is pleased to announce that the Squeal on Pigs Manitoba initiative will receive over $2.6 million over the next four years to further the work of tracking and removing wild pigs from Manitoba’s landscape. “Wild pigs continue to thrive across Manitoba and are vectors for many diseases that have a devastating impact on both domestic pigs as well as other animals,” said Dr. Wayne Lees, project coordinator, Squeal on Pigs Manitoba. “Together with our partners in both the provincial and federal governments, as well as Manitoba’s agricultural sector and stakeholders across the province, this new funding will allow us to further our efforts to track, trap, and remove wild pigs from the landscape and protect our province.” The goal of the Squeal on Pigs campaign is to identify where wild pigs are in Manitoba, control their spread, and remove as m

Another year of guaranteed financial return for CRSB Certified beef producers from Cargill, its supply chain partners and the Canadian Roundtable for Sustainable Beef

The Canadian Roundtable for Sustainable Beef (CRSB) has once again partnered with Cargill and its customers – Centennial Food Solutions, Gordon Food Service, Intercity Packers, MacGregors Meat & Seafood, McDonald’s Canada, Metro, Recipe Unlimited and Walmart – to provide up to $400 CAD for beef producers maintaining their CRSB Certification. This credit will be provided for another year to “fill the gap” for Canadian beef producers who have made the upfront investment of becomingCRSB Certified but did not receive at least $400 CACargill Certification Credit USE D in financial return for qualifying cattle processed in 2023 as part of the existing Qualifying Cattle Credits  I would like to extend my sincere thanks to these organizations for supporting the CRSB Certified program for another year. In 2024, CRSB will prioritize identifying long-term solutions to ensure certification provides financial value and enduring benefit to producer participation,” said Ryan Beierbach, Chair of the

Competition Bureau Raises Concerns with Bunge-Viterra Merger

The Competition Bureau has thrown some cold water on the proposed Viterra-Bunge merger. 

© 2024   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service