By Alice McFarlane

Agriculture Roundup for Wednesday November 10, 2021

Nov 10, 2021 | 9:42 AM

MELFORT, Sask. — Soybean and corn prices moved higher in response to yesterday’s United States Department of Agriculture (USDA) report.

The November World Agriculture Supply and Demand Estimates pegged U.S. corn production at 15.06 billion bushels which was an increase of 43 million bushels from the October report.

Corn specifically used for ethanol production increased to 50 million bushels. Global corn ending stocks are down.

U.S. soybean production decreased 23 million bushels from last month because of lower reported yields in Indiana, Iowa, Ohio, and Kansas.

World soybean production declined 1.1 million tons from last month.

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The USDA also set wheat ending stocks at 583 million bushels. That’s an increase of three million bushels.

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The country’s cattle producers were represented at the climate summit in Glasgow, Scotland.

Canadian Cattlemen’s Association Director of Policy and International Affairs Fawn Jackson was part of a panel discussion.

She said farmers and ranchers operate on roughly 40 million acres of grasslands.

“We can make improvements on those lands that they’re managing, making sure that we’re not losing further grasslands,” she said. “To store that carbon and make further reductions in methane emissions through improved practices and through new things such as feed additives.”

Jackson said agriculture can play a role in the fight against climate change.

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The Saskatchewan cattle market continues to be under pressure.

Feeder steer prices were mainly lower for most weight categories. Only the 900 pound and over animals showed a price increase of $4.33 per hundredweight.

Average weekly prices for Saskatchewan’s feeder heifers overall had small losses when compared to prices reported the previous week.

Canfax reported roughly 49,000 head of feeder cattle were sold in Saskatchewan which was up by about 4,000 head from the last report.

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alice.mcfarlane@pattisonmedia.com

On Twitter: @farmnewsNOW