LOS ANGELES, Feb 20 (Reuters) – Shipping companies and the dockworkers union reached a tentative labor deal on Friday after nine months of negotiations, settling a dispute that disrupted the flow of cargo through 29 U.S. West Coast ports and snarled trans-Pacific maritime trade with Asia. The deal, confirmed in a joint statement by the […] Read more
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U.S. West Coast port negotiators reach tentative deal
January U.S. cattle placements slightly more than expected
By Theopolis Waters CHICAGO, Feb 20 (Reuters) – The number of cattle placed in U.S. feedlots in January fell compared with a year ago, a USDA report showed Friday, but was slightly more than expected, said analysts. Lower cash cattle prices discouraged some ranchers from sending them for fattening in feedlots, whose margins suffered due […] Read more
Pacific trade pact negotiators to meet in March; timing for deal slips
WASHINGTON, Feb 20 (Reuters) – Chief negotiators for a Pacific trade deal will meet in Hawaii for talks in the second week of March, the U.S. trade office said on Friday, a move which potentially pushes back the timing of a final agreement on the pact. Australian Trade Minister Andrew Robb said on Feb. 5 […] Read more
Canola gains $2.70 on the week, USDA releases 2015 outlooks
It was a mostly down day on North American crop futures markets on Friday with traders taking profits after gains earlier in the week. Canola closed slightly lower with March down $3.40 at $470.10 per tonne. May closed at $466.10, down $1.80. Over the week, March rose $2.70 a tonne or 0.6 percent. The May […] Read more
Consultations to modernize Canadian wheat classes begin
WINNIPEG — Changes can be expected to Canada’s wheat classification system as consultations begin to modernize the country’s wheat classes. The Canadian Grain Commission is seeking input from grain handlers, processors, marketers, developers, producers and end-use customers on its proposal to modernize Canada’s wheat classes, the grain commission said. The proposal includes strengthening the marketability […] Read more
Love to eat eggs? U.S. panel now says they’re not a health risk
NEW YORK, N.Y. (Reuters) — Egg and red meat lovers may find reason to rejoice in a decision by a U.S. advisory health panel to remove warnings about dietary cholesterol. The panel says there is no link to dangerous levels of blood cholesterol that cause disease. The Dietary Guidelines Advisory Committee had recommended that cholesterol […] Read more
Video: Economic outlook survey held surprises for surveyor
Farmers appear to have both wise and inexplicable views on whether or not farming is a good industry in which to invest, says the economist who helped design the Canadian Agricultural Outlook Survey. “I’m not a psychologist and I think some of those skills are probably required to interpret all this information,” said Al Mussell, […] Read more
Canadian elk velvet producers to sell to South Korea
A thaw has begun that may soon allow Canadian elk velvet producers to sell to South Korea after being frozen out of the lucrative market for 14 years. Canadian elk officials were asked during a recent trade mission to Korea to sign a memorandum of understanding to work on reopening trade between the two countries. […] Read more
CME live cattle futures slump before USDA report, hogs firm
By Theopolis Waters CHICAGO, Feb 20 (Reuters) – Chicago Mercantile Exchange live cattle fell Friday on lower cash prices before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CST, traders said. Analysts expect Friday’s report to show a sizable drop in the number of cattle placed into feedlots last month. This week, […] Read more
Governments of Canada and Saskatchewan Invest in New Agri-Food Innovation Centre
The Saskatchewan and Federal Governments together announced more than $13 million in funding for the Saskatchewan Food Industry Development Centre to build and equip a new facility. The total cost of the project is expected to be just under $16 million. Nine million of the funding will be provided under Growing Forward 2, a federal-provincial-territorial […] Read more
