By Krista Hughes ATLANTA, Oct 4 (Reuters) – A dozen Pacific nations closed in on a sweeping free-trade pact on Sunday in Atlanta but failed to finalize terms on the fifth day of round-the-clock talks, dashing hopes raised by an earlier breakthrough on protections for new biotech drugs. U.S. officials, who are hosting the meeting, […] Read more
Daily news
UPDATE: Late delay as Pacific trade talks near landmark deal; dairy still disputed
After five years of negotiations, Pacific trade talks near deal
By Krista Hughes ATLANTA, Oct 4 (Reuters) – A dozen Pacific nations closed in on a sweeping free trade pact on Sunday in Atlanta after a breakthrough over how long a monopoly pharmaceutical companies should be given on new biotech drugs. The issue has pitted the United States, which has argued for longer protections, against […] Read more
Cattle prices hammered lower this week – here is why
It was a horrible week for Chicago live cattle futures with the nearby contract falling US10.625 cents per pound or almost eight percent. The Canfax Canadian cash steer weighted average fell almost C$9 to $160.73 per hundredweight from last week. Alberta fed cattle prices are now below year ago levels for the first time since […] Read more
Market wrap: Canola loses $4.40 over the week
Canola futures edged higher on Friday with support from soy oil but lost ground over the week. November canola closed at $471.90 up $1 on the day but down $4.40 one the week. Statistics Canada said canola production was 14.3 million tonnes, similar to the forecast in the Crop Condition Assessment Program model forecast released […] Read more
Weekly canola crush hits best level in over two months
WINNIPEG — Canada’s domestic canola processors are getting busier, with the latest crush data showing the most active week in two-and-a-half months. Capacity utilization during the week ended Sept. 30 climbed to 82.8 percent, which compares with only 66.9 percent the previous week, according to the latest report from the Canadian Oilseed Processors Association. A […] Read more
Glencore in talks on agriculture assets -sources
LONDON/TORONTO, (Reuters) — Glencore, owner of Viterra, is in talks with a Saudi Arabian sovereign wealth fund and China’s state-backed grain trader COFCO, along with Canadian pension funds, to sell a stake in its agricultural assets, sources familiar with the matter told Reuters news agency. Selling assets is one prong of a wider strategy by […] Read more
CME live cattle futures snap four-day losing streak
CHICAGO, Oct 2 (Reuters) – Chicago Mercantile Exchange live cattle finished the week on a positive note, fueled by short-covering and bargain hunting that halted future’s four-day skid, traders said. Spot-October settled 1.675 cents higher at 123.075 cents per lb, and December 1.375 cents higher at 131.375 cents. CME live cattle’s Relative Strength Index (RSI) […] Read more
Rain forecast for southern Prairies this weekend
Rain is expected to move into southern parts of the Prairies late this afternoon and some areas will continue to get showers into Sunday. Most of the rain is expected to fall in southern Saskatchewan with accumulations over the two days of as much as an inch. The moisture will put a stop to harvest […] Read more
Latest Alberta crop report
Over the weekend, most parts of Alberta received light rains which were enough to delay harvesting operations. However, producers were able to make better harvest progress this past week than during the previous week. Harvest is estimated to be 58 per cent completed provincially, up 12 per cent from last week. While 25 per cent […] Read more
California drought woes highlight thirsty poultry industry
By Lisa Baertlein and P.J. Huffstutter LIVINGSTON, CALIF/CHICAGO, Oct 2 (Reuters) – Residents of Livingston, California have sharply reduced their water usage during the state’s severe drought, now in its fourth year. But this summer, when state officials ranked how water suppliers had done meeting mandated conservation goals, the blue-collar town of 13,800 came in […] Read more
