Winnipeg egg processor to join Post — April 17, 2014

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Winnipeg foodservice egg processor MFI Food Canada is poised to become an arm of breakfast giant Post as part of the U.S. company’s biggest-ever takeover deal. Post Holdings, whose brands include cereals such as Honeycomb, Alpha-Bits, Grape-Nuts and (in Canada) Shreddies, plus other cereal, snack and nutrition supplement products, announced Thursday it has an agreement […]


U.S. livestock: CME hog futures climb, live cattle fall before holiday — April 17, 2014

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Chicago | Reuters – Chicago Mercantile Exchange hog futures on Thursday finished higher on fund buying and short-covering ahead of the Easter holiday, traders said. CME will be closed on Friday in observance of the Good Friday holiday. Some investors bought the May and June contracts in anticipation of a post-Easter uptrend in cash hog […]


U.S. livestock: Pork price rebound rallies CME hogs — April 16, 2014

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Chicago | Reuters – Chicago Mercantile Exchange hog futures on Wednesday settled higher after a choppy day of trading, supported by unexpectedly strong demand for pork at wholesale, traders said. Wednesday morning’s wholesale pork price turned $2.38 per hundredweight (cwt) higher at $124.11, after falling $2.68 the day before, according to U.S. Department of Agriculture […]


PEDv seen pushing U.S. 2014 pork production down two per cent — April 15, 2014

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Reuters — U.S. pork production is likely to decline about two per cent this year due to the spread of porcine epidemic diarrhea (PED), the U.S. Department of Agriculture said in its monthly livestock outlook report. Live hog prices were expected to increase as a result of the pig virus, the report said. As of […]


U.S. livestock: Cash price uncertainty weakens CME live cattle — April 15, 2014

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Chicago | Reuters – Chicago Mercantile Exchange live cattle turned lower, pressured by profit-taking and uncertainty regarding this week’s slaughter-ready or cash prices, traders said. Bullish participants see packers paying steady to higher money for cattle to be delivered during the first full slaughter week after the Easter holiday. They also cited possible beef cutout […]


Below-average temperatures to continue across Prairies — April 14, 2014

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CNS Canada – Temperatures are expected to continue to be colder than normal for much of agricultural Western Canada this week. A smaller disturbance will be moving through Alberta and into parts of western and southern Saskatchewan, according to Drew Lerner of World Weather Inc. in Kansas City. “It will be kind of similar to […]


USDA seen considering mandatory reports of PEDv outbreaks — April 14, 2014

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Chicago | Reuters — The U.S. government is considering rules that would require outbreaks of a deadly pig virus to be reported to the government in an effort to improve tracking of the disease, which has already spread to 30 states, an industry group said Monday. Porcine epidemic diarrhea virus (PEDv) has killed millions of […]


U.S. livestock: Fund buying sends CME hogs mostly higher — April 14, 2014

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Chicago | Reuters – Most Chicago Mercantile Exchange hog contracts gained ground on Monday with help from fund buying and anticipation of reduced production in the weeks ahead, traders and analysts said. Some packing plants plan to be dark during the Easter holiday weekend, limiting their need for hogs. Processors have already cut operations as […]


Klassen: Feeder cattle market remains strong — April 12, 2014

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Throughout the winter and early spring period, feeder cattle prices have been trending higher led by strength in beef values throughout the food processing chain. However, it appears consumer demand is now starting to ease, given historical high retail values. Restaurants are also cutting costs or serving smaller portions in order to reduce the effect […]


Federal deputy ag minister retiring, new DM named — April 11, 2014

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One of Canada’s former federal trade negotiators for the North American market is set to become the country’s top agriculture bureaucrat at the end of this month. Andrea Lyon, who from 2009 to 2011 was an associate deputy minister for agriculture and agri-food and has been associate deputy minister of the environment since July 2011, […]