Commodity prices remain low while hog and cattle slaughter numbers are on the rise.
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Farmers hoping for a jump in commodity prices shouldn’t expect one any time soon.
The number of hogs and cattle slaughtered in the first half of this year are up from what they were in 2015.
The volume of ready cattle, easier cattle futures and a gaining Canadian dollar have not helped support prices for Ontario cattle.
Weekly grain, hog and cattle market commentaries as heard on CKNX on Saturday, August 20.
Corn and wheat settled slightly higher while soybeans were down today in Chicago.
The Minister of Agriculture is being applauded for applying the brakes to the Ontario Farm Products Marketing Commission.
According to Marty Hibbs, corn, wheat, and soybeans all reacted as expected to the USDA’s August 12th report.
OMAFRA says the recent rainfall will significantly help new growth in hay.
Wheat and corn settled slightly higher while soybean futures were mixed today in Chicago.