Daily news

South Sask. Regional Plan released in Alberta

No Comments

The South Saskatchewan Regional Plan has been released with promises to protect Alberta watersheds and create more conservation areas while still allowing growth in the region for the next 50 years. The plan was created under the Alberta Land Stewardship Act and was five years in the making. It goes into effect Sept. 1 and may be reviewed every five years. The 200 page document covers strategies for responsible energy development, sustainable farming and ranching as well as forest management and tourism. The plan hopes to prevent further fragmentation of farmland and is offering conservation easements and other means for private landowners who want to protect…
[Read more]

Expanding Canadian co-op Agropur to buy big U.S. dairy processor

No Comments

By Reuters and Western Producer staff Canadian dairy cooperative Agropur said on Tuesday it would acquire the dairy processing assets of Davisco Foods International Inc. Agropur said in a statement the acquisition was targeted for an Aug. 1 close. It said the deal would double Agropur's U.S. processing operations and increase its global milk intake by 50 percent. The acquisition includes, among other facilities and sales offices, three Davisco cheese processing factories in Le Sueur, Minnesota, Jerome, Idaho, and Lake Norden, South Dakota, and an ingredients plant in Nicollet, Minnesota. Davisco is based in Le Sueur and employs 900 people. “With over $1 billion US in annual…
[Read more]

Sask. farmer dies in fall

No Comments

A farm accident has claimed the life of Nick Flaman, the son of former CWB director Rod Flaman. Nick was 35 and died after a fall July 19. He operated a consulting company, Living Sky Agronomy, as well as the family farm, South Valley Farm near Edenwold, Sask. His wife Charissa, son Grayson, five, and daughter Sefryn, three, survive him, as do his parents, Rod and Jeanne Flaman, and his brother, Nathan. An education fund has been established for Flaman's children, and contributions may be sent to Box 796, Balgonie, Sask. S0G 0E0. The funeral will be held Friday at 1 p.m. in the Balgonie Multiplex.

U.S. grain farmers resort to giant storage bags to avoid cheap sales

No Comments

CHICAGO (Reuters) — As U.S. farmers turn in record grain crops this autumn, many will have a powerful new tool — giant sausage-shaped storage bags — to help them avoid the lowest prices in years and gain more control over trade with giants such as Cargill Inc. Demand has surged this summer for the white polyethylene bags the length of a football field and the equipment required to fill them, according to manufacturers and wholesalers. They allow farmers to store millions of bushels of corn and soybeans at a fraction the cost of conventional silos and far more efficiently than leaving grain in the open air. The bags, which are about 300 feet long and 10 feet in diameter, are…
[Read more]

U.S. export sales offer latest sign grains could halt slide

No Comments

By Mark Weinraub CHICAGO, July 22 (Reuters) - A flurry of grain export sales to China and elsewhere since last week, totaling about two million tonnes, is the latest sign U.S. soybean and corn prices may be set to rebound from four-year lows. Calling a trend for prices is often a fool's errand, as recent spikes on rising political tension in Ukraine, a major wheat producer, ably demonstrate. But as both buyers and sellers hold back, the next move is increasingly looking to be upward. The futures market in Chicago, the center for U.S. grain trading, has already priced in an expected record crop harvest this year as temperate weather triggers high yields from corn and beans planted…
[Read more]

Canola steady while other crop futures fall

No Comments

Canola futures set a contract low on Tuesday but strengthened later and closed little changed. November fell as low as $429.10 per tonne, below its previous contract low of $431.50 set back in the first half of February. Crop prices remained under pressure on thoughts that near ideal weather in the U.S. Midwest will generate record yields of corn and soybeans. Improved weather in Western Canada is helping crops catch up to average development. Crops in the western half of the Prairies are generally in average shape while the eastern part of the region continues to recover from the excess rain problems of the spring and early summer. We’ll get a better handle on the Canadian…
[Read more]

Beef sets new record high, pulls up CME cattle futures; hogs up

No Comments

By Theopolis Waters CHICAGO, July 22 (Reuters) - Chicago Mercantile Exchange live cattle futures rose almost two percent on Tuesday, fueled by short-covering in response to record-high beef prices, traders said. Tuesday morning's wholesale price for choice beef surged $3.07 per hundredweight (cwt) from Monday to an all-time high of $253.59. Select beef climbed $2.10 to a record $246.18, according to the U.S. Department of Agriculture. Meat demand remains strong as milder-than-usual mid-summer temperatures extended grilling beyond the U.S. Fourth of July holiday weekend. Grocers are also competing for less product after packers cut slaughters while adjusting to fewer available…
[Read more]

Chinese pork producer WH Group set to raise $2 billion in scaled-down IPO

No Comments

HONG KONG (Reuters) — WH Group Ltd. is set to raise US $2.05 billion in a scaled-down Hong Kong initial public offering, a person with direct knowledge said on Tuesday, the Chinese pork producer's second attempt to list this year after investors rebuffed a pricier deal. WH Group, the world's biggest pork producer, will sell shares at a fixed price of $0.80 each on Wednesday, valuing the company at 11.5 times its estimated 2014 earnings, said the person who declined to be identified because the matter is not yet public. A spokesman for WH Group in Hong Kong declined to comment. The revised share price is lower than what WH Group had initially proposed for its earlier Hong Kong…
[Read more]

DuPont forecast misses expectations as farm sales lag

1 Comment

(Reuters) — Chemicals maker DuPont forecast lower-than-expected operating earnings for the current quarter and warned of a loss in its agriculture unit as weak farm sales constrain both profit and revenue. DuPont has made a big push into agriculture, energy and specialty materials to insulate itself from more volatile businesses. The farm unit accounts for more than a third of the company's sales. But that has cost the company in the last two quarters. Farmers in North America switched to soybean from corn, a crop Dupont is more exposed to, after delaying purchases earlier this year due to an unusually harsh winter. Corn seeds accounted for about half of DuPont's agriculture…
[Read more]

China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan

No Comments

SHANGHAI (Reuters) — The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks , Burger King Worldwide Inc. and others, as well as McDonald's products as far away as Japan. McDonald's Corp. and KFC's parent Yum Brands Inc. apologized to Chinese customers on Monday after it emerged that Shanghai Husi Food Co. Ltd., a unit of U.S.-based OSI Group LLC, had supplied expired meat to the two chains. On Tuesday, Starbucks said some of its cafes previously sold products containing chicken originally sourced from Shanghai Husi, a firm that was shut down on Sunday by local regulators after a TV report showed staff using expired meat and picking up meat from…
[Read more]
Load more articles