Lentil prices rise with Prairie rains, Asian demand — September 19, 2014

CNS Canada — A lentil watcher says Canadian prices for the crop are surging higher right now, in response to frequent Prairie rains and international demand. “It’s more than your usual slow rally, it (the market) spiked higher; especially the greens, which are shooting up right now,” said Chuck Penner of LeftField Commodity Research in […]

Three peanut firm officials guilty in deadly salmonella outbreak — September 19, 2014

Atlanta | Reuters – Three former U.S. peanut company officials were found guilty on Friday in connection with a 2009 salmonella outbreak that killed nine people and sickened hundreds, federal prosecutors said. The contamination at the Peanut Corporation of America plant in Blakely, Georgia, led to one of the largest food recalls in U.S. history […]

JBS delays food unit IPO amid market slide, sources say — September 19, 2014

Sao Paulo | Reuters – JBS SA, the world’s largest meatpacker, has put off a plan to raise 4 billion reais (US$1.7 billion) from the initial public offering of its pork, poultry and food-processing operations in Brazil, two sources with direct knowledge of the decision said. JBS and banks are wary that market volatility stemming […]

U.S. livestock: CME live cattle futures end mixed before USDA report — September 19, 2014

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures settled mixed on Friday on positioning before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report. Analysts expect the data at 2 p.m. CT to show fewer cattle were placed in feedyards last month due to sufficient pastures that allowed ranchers to fatten livestock longer outside […]

Deere chain to pick up four S. Alta. dealerships — September 19, 2014

A southern Alberta group of John Deere farm equipment dealerships is set to become part of the Cervus Equipment chain. Calgary-based Cervus, which owns the largest group of Deere farm equipment dealerships in Canada, announced an agreement Thursday to buy up all shares in Evergreen Equipment, the owner of Deere dealerships in Bassano, Brooks, Drumheller […]

Dry and warm, continued — September 19, 2014

Daytime highs continued in the high teens to mid-20s C across much of the Prairies Thursday with nearly no precipitation in the picture. Highs Thursday were around 18 C in much of the Peace region and got as warm as 26 C in southern Alberta, 29 C in southern Saskatchewan and 25 C in southwestern […]

CP meeting federal grain shipment targets — September 18, 2014

Reuters — Canadian Pacific Railway (CP) has met the minimum weekly grain volumes mandated by the federal government, the railway said Thursday, a day after Transport Canada said it would fine Canadian National Railway (CN) for falling short. CP spokeswoman Breanne Feigel said in an email that the railway had cleared the minimum volumes to […]

U.S. launches task force to tackle antibiotic-resistant bugs — September 18, 2014

Chicago | Reuters — The U.S. government will set up a task force and presidential advisory council to tackle the growing threat of antibiotic resistance to national security, setting a Feb. 15 deadline for the outlining of specific steps to be taken, White House advisers said at a press conference Thursday. The White House announced […]

U.S. livestock: Weak cash price outlook drops CME live cattle — September 18, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle settled lower on Thursday in anticipation of packers spending less for market-ready, or cash, cattle this week, traders said. October live cattle futures finished 1.425 cents per pound lower at 155.6 cents, and December at 158.925 cents down 1.075 cents (all figures US$). Processors may cut […]