Ontario Agriculture

The network for agriculture in Ontario, Canada

Cattle Market Update - Anne Dunford from Realagriculture

Views: 378

▶ 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

Meat Institute Pushes Back on Trump Processing Plan

President Trump has announced plans to allow farmers and ranchers to process their own meat as part of an effort to address concerns about concentration in the meatpacking sector.

AgriStability Deadline Extended to Oct. 1 for Alberta Producers

Alberta producers affected by excessive moisture this growing season have more time to enrol in AgriStability, while those already eligible for interim payments will be able to access a larger share of their estimated benefit sooner. According to the Agriculture Financial Services Corporation (AFSC), the Alberta and federal governments have opened late participation in the 2026 AgriStability program until Oct. 1 in response to wet conditions that have affected many farms since the original April 30 enrolment deadline. The interim payment rate for 2026 has also been increased to 75% of the estimated final AgriStability payment, up from 50%. AFSC said the change is intended to improve cash flow for producers facing financial pressure during a difficult growing season. AFSC CEO Darryl Kay said record moisture levels have left some producers unable to access fields or complete essential farm work, creating significant uncertainty and financial stress. “AgriStability is designed to

Map: August Weather Drier for Much of Western Canada

Western Canada saw a sharply uneven precipitation pattern over the 30 days ending Wednesday, with the driest conditions concentrated across Saskatchewan and parts of southern Alberta and Manitoba. As can be seen on the map below, large portions of southern and central Saskatchewan received less than 40% of normal precipitation during the period, with another broad area receiving just 40% to 60%. Much of southern Manitoba was also drier than normal, although some pockets received above-average rainfall. Alberta precipitation was variable. The pattern reflects a growing season finish that has been considerably drier across parts of the Prairies, particularly Saskatchewan, following wetter conditions earlier in the summer. In Saskatchewan, the lack of late-season rainfall likely accelerated crop maturation and helped fields dry down as harvest approached, although it may also have limited final yield potential for later-developing crops in the driest areas. In Alberta, comparatively

Saskatchewan Harvest Still Lagging Average Pace

The Saskatchewan harvest accelerated this past week but remains behind the previous year and well back of average. Thursday's weekly crop report showed the provincewide harvest at 11% complete as of Monday. That compares to 4% a week earlier, and the five- and 10-year averages of 25% and 21%. Last year at this time, 12% of the crop was in the bin. Harvest progress varied widely by region. The Southwest was furthest along at 27% complete, followed by the Southeast at 11% and West-central region at 8%. East-central Saskatchewan was 5% harvested, while the Northeast and Northwest were each just 1% complete. Warm daytime temperatures and cooler evenings helped crops mature across much of the province, while generally dry conditions supported fieldwork. However, rainfall, strong winds and periods of high humidity slowed operations in some areas. Later-seeded crops are now beginning to turn, with harvesting expected to expand soon, the report added.. Producers continued to focus o

Sclerotinia Fungicide Sensitivity Survey

Manitoba Canola Growers along with SaskOilseeds, Alberta Canola, Canola Council of Canada and Agriculture and Agri-Food Canada (AAFC) are currently funding research projects that evaluate sclerotinia for sensitivity to fungicides with different modes of action. Sclerotinia with levels of insensitivity and immunity to common modes of action, have already been identified in Manitoba through this project. With favorable conditions across the province in 2026 we need samples from across the province to understand how widespread this problem is and provide farmers with recommendations for fungicide stewardship and efficacy. You will receive fungicide test results from the samples you have submitted. Combined results with samples from across Manitoba and the other provinces will be shared publicly at the RM level. All other field information will be handled confidentially. Sampling and Submission Instructions From a single canola field collect 1-10 sclerotia from infected stems at crop ma

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service