GFM Network News


CWB’s planned purchase of grain handling and port terminal assets from the Soumat arm of Toronto’s Upper Lakes Group Inc. has renewed calls for the wheat board’s contingency fund to be paid to farmers.

CWB facility purchase raises concerns

CWB Ltd. is buying handling facilities, but some farmers are wondering who’s paying the bill. CWB announced last week that it would purchase Mission Terminal, Les Élévateurs des Trois-Rivières and Services Maritimes Laviolette for an undisclosed amount. Some have concerns that the former Canadian Wheat Board’s contingency fund, which farmers claim as theirs, will bankroll



Churchill exports up after longer than usual shipping season

OmniTRAX says exporting crude oil through Churchill would help ensure the port’s viability

The Port of Churchill, which closed for the season Nov. 12, was open almost two weeks later than usual and exported more than 600,000 tonnes of grain. Merv Tweed, president of OmniTRAX Canada, which owns the port and the Hudson Bay Railway that serves it, said that while this year’s performance is encouraging, the port




Analyzing the Smithfield deal

The Chinese meat products firm Shuanghui International has announced its acquisition of Smithfield Foods, which controls 26 per cent of U.S. pork-processing capacity and 15 per cent of U.S. pork production. The value of the transaction is estimated by Smithfield to be US$7.1 billion. A number of questions began to run through our heads. Good

Cattle market report

Activity was on the quiet side at auction yards across the province during the week ended June 7. Only a handful of Manitoba’s cattle markets held sales, as marketings slow down heading into the summer. Of the sales that were held at Winnipeg, Brandon, Virden and Grunthal, volumes were varied, ranging from as little as

A game changer in grain farming

Australian engineer Tom Carroll was convinced that self-propelled combines were the way of the future

What was designed by an Australian, built in Ontario, field tested in Argentina, revolutionized grain farming, and — 75 years ago — was sold to a Rapid City farmer? Full points if you guessed the first commercially successful self-propelled combine, and bonus ones if you knew it was the Massey Harris Model 20 purchased by


Guebert: Reasons to smile over the Smithfield purchase

Here are 10 reasons for American farmers and ranchers to be thrilled by Shuanghui International Holding Inc.’s proposed $4.7-billion purchase of Smithfield Foods, Inc. No. 10: The U.S. gets back some of the dollars held by China. While $4.7 billion is chicken feed compared to the $1.2 trillion of U.S. debt (about 7.5 per cent

LIVESTOCK-U.S. live cattle futures slump in fund selloff

* Wholesale beef price setback weighs * CME hogs up on cash, Smithfield news By Theopolis Waters CHICAGO, May 30 (Reuters) - Chicago Mercantile Exchange live cattle slumped on Thursday as futures fell below technical support triggering fund liquidation, traders and analysts said. CME live cattle June dropped beneath the respective 40-day and 20-day moving