Ontario Agriculture

The network for agriculture in Ontario, Canada

Views: 337

Reply to This

Replies to This Discussion

Here is the latest Update from Anne Dunford on Realagriculture.com


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

Governments Of Canada And Manitoba Celebrate Agriculture By Supporting Royal Manitoba Winter Fair

The governments of Canada and Manitoba are providing financial support to the Royal Manitoba Winter Fair in Brandon, one of Manitoba’s key cultural events, federal Agriculture and Agri-Food Minister Lawrence MacAulay and Manitoba Agriculture Minister Ron Kostyshyn announced here today. Through the Sustainable Canadian Agricultural Partnership, the governments of Canada and Manitoba are providing $20,000 to the Provincial Exhibition of Manitoba for a one-year sponsorship of the Royal Manitoba Winter Fair. The sponsorship supports agriculture as the backbone of the provincial economy as a leader in innovation, research and job creation. The Royal Manitoba Winter Fair in Brandon is organized by the Provincial Exhibition of Manitoba. It is one of Canada’s largest agricultural events, showcasing the Manitoba Cup, livestock shows and sales, more than 300 commercial and agricultural exhibits, the Royal Farm Yard and more. The Manitoba Cup Equestrian Event is Manitoba’s premier horse jumpin

Qualified Alberta Pulse Growers Eligible for 11.9% Tax Credit for Investing in Research

The Alberta Pulse Growers Commission has confirmed that 11.9% of eligible producers’ 2023 check-off payment is eligible for the Scientific Research & Experimental Development (SR&ED) tax credit for their investment in APG-funded research and development projects. Producers who have paid check-off this past year and have not asked for refunds are eligible claimants for this year’s credits. For more detailed information about the SR&ED Tax Credit, APG advises you to contact an accountant or the Canada Revenue Agency. For a history of SR&ED with Alberta Pulse Growers visit https://albertapulse.com/growing-pulses/sred-tax-credit/ . A summary of APG research investments in 2022-23 is available at https://albertapulse.com/research/. The federal SR&ED tax program is administered by the Canada Revenue Agency (CRA) and encourages businesses to invest in and perform research and development in Canada. The SR&ED Tax Credit application forms for individual producers and Canadian controlled pri

Saskatchewan Government Delivers for Agriculture

The Saskatchewan Government delivered for grain farmers in the 2024 – 25 budget. Allocating $570.6 billion towards a variety of programs that support the agriculture industry, grain farmers will have access to a variety of risk management programs, including Crop Insurance and AgriStability. “It is a great assurance to Saskatchewan grain farmers as we plan our 2024 growing season, knowing that these programs will backstop us,” said Daryl Fransoo, Chair. Grain farming is a key part of the provincial economy, exporting over $20 billion in agri-food products and harvesting over 31 million acres across the province. “The Saskatchewan Government understands the value that agriculture brings to our economy and hears the needs of grain farmers. Their stance on the carbon tax is a great step and one that the Wheat Growers supports,” closed Fransoo. About the Wheat Growers: Founded in 1970, the Wheat Growers Association is a voluntary farmer-run advocacy organization dedicated to developing

Do More Ag fills board seats

Five individuals have been selected to serve on the board of directors for the Do More Agriculture Foundation (Do More Ag). Board chair Lauren Martin said the combined expertise of the new board members will drive the Foundation’s strategic objectives forward and each new board member brings unique perspectives and innovative ideas to Do More Ag’s mission of promoting mental health awareness and support within the Canadian agriculture industry. The new board members include Calvin Sonntag, the executive chair of BrettYoung Seeds; fifth generation farmer Robert Hunter; Holstein Canada CEO Sartaj Sarkaria; beef producer Emma Cross; and Angela Geddes, the spouse of a beef farmer on the East Coast and owner of “Soul on Fire Coaching,” Martin said this is a significant step towards a future where all members of the agriculture community are encouraged, supported, and empowered to take care of their mental wellbeing. “We are exceptionally pleased to welcome Angela, Calvin, Emma, Robert,

Research underway to benefit sustainability of swine industry

The Western College of Veterinary Medicine at the University of Saskatchewan is working to develop an on-farm tool for pork production companies to make business decisions to meet animal welfare and sustainability goals. The Natural Sciences and Engineering Research Council of Canada (NSERC) in partnership with 14 industry partners and the university provided funding for the research program in swine welfare. The program is led by Dr. Yolane Seddon. Her team of four research scientists and technicians will study data gathered from interviews with producers who make management decisions, as well as herd vets in Canada and the United States. “The outcome of this work is that we aim to produce a tool that will support decision making on the farm that will influence animal welfare, but also with the knowledge of how it interacts with business, profitability and environmental emissions and therefore, overall business sustainability goals that could influence market access,” Seddon explain

© 2024   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service