Reading Time: 3 minutes The federal and provincial governments and the Beef Farmers of Ontario have all announced funding for buildings and programs at the University of Guelph’s renewed beef research station this week. The funds announced are to help create a completely new cow-calf and heifer research facility next to the current beef research station, and a new […] Read more
Guelph gets new beef research facility
Klassen: Feeder cattle market enters summer doldrums
Reading Time: 2 minutes Western Canadian feeder cattle prices steady to $5 lower across all weight categories last week with most auction barns starting their summer holiday schedule. Most sales rings are closed next week. Limited numbers were on offer across the Prairies, which caused diverse price action in certain regions. Heavier feeders are hard to come by this […] Read more
Brazilian top court justice upholds barring JBS asset sale
Reading Time: < 1 minute Brasilia | Reuters — A Brazilian Supreme Court justice has upheld a lower court decision that ordered the world’s largest meatpacker, JBS SA, to halt the sale of US$300 million worth of South American assets to Minerva SA , according to a court document. Justice Edson Fachin agreed with a lower court’s ruling that JBS’ […] Read more
Canada, other countries raise meat inspection bar for Brazil
Reading Time: 2 minutes Winnipeg/Chicago | Reuters — Meat-importing countries from North America to Europe and Asia have tightened inspection standards for shipments from Brazil in a bid to protect consumers, following a probe into possible corruption involving inspectors. The Canadian Food Inspection Agency (CFIA) said on Wednesday that the tighter inspection standards it enacted in April have resulted […] Read more
Beef processor cuts deal with ABC in ‘pink slime’ defamation case
Reading Time: 2 minutes Reuters — Beef Products Inc. has settled a closely watched defamation lawsuit against American Broadcasting Co. and its reporter Jim Avila, the meat processor said on Wednesday. BPI had claimed that ABC, a unit of Walt Disney Co., and Avila defamed the company by calling its ground-beef product “pink slime” and making errors and omissions […] Read more
Klassen: Low volumes characterize feeder cattle market
Reading Time: 2 minutes Western Canadian feeder cattle prices were relatively unchanged from week-ago levels; however, low volumes and various-quality cattle characterized the market. It’s that time of year, when stragglers and recovering sick animals come available and discounts were quite sizeable on substandard cattle. Quality late bloomers were well bid and there was no shortage of buyers. Feedlot […] Read more
Burger King pledges to end deforestation by 2030
Reading Time: 2 minutes Rio de Janeiro | Thomson Reuters Foundation — The owner of Burger King has pledged to eliminate deforestation from its supply chains by 2030 but scientists say the company is not moving fast enough to stop its hamburgers from destroying rainforests and the communities who depend on them. Restaurant Brands International, one of the world’s […] Read more
Brazil farm minister heads to U.S. over fresh beef ban
Reading Time: 2 minutes Sao Paulo | Reuters — Brazil’s agriculture minister prepared to travel to the U.S. on Friday to fight a ban on imports of fresh Brazilian beef, which hit shares of local meatpackers and revived concerns about the image of the world’s largest beef exporter. “We will fight for this market!” said the minister, billionaire soy […] Read more
U.S. bans fresh Brazil beef imports over safety concerns
Reading Time: 2 minutes Chicago | Reuters — The United States halted imports of fresh Brazilian beef on Thursday, the U.S. Department of Agriculture said, after a high percentage of shipments failed to pass safety checks. USDA had “recurring concerns about the safety of the products intended for the American market,” after increasing tests on Brazilian beef in March, […] Read more
CFTC fines cattle futures traders US$5 million
Reading Time: < 1 minute Chicago | Reuters — U.S. futures regulators fined a Memphis trading firm and three associates US$5 million on Wednesday for using a manipulative tactic in CME Group’s cattle futures, a market grappling with extreme volatility. The Commodity Futures Trading Commission said it penalized McVean Trading + Investments $1.5 million and its chairman, Charles Dow McVean, […] Read more
A message from April Stewart, Country Guide's Associate Editor
