(Dave Bedard photo)

Beef demand, crush margins boost Cargill’s Q1 ledger

Reuters — Grains trader Cargill reported a nearly five per cent rise in quarterly profit on Thursday as global demand for beef and improved oilseed crushing results offset challenges in several business units. But Cargill also faced various headwinds across the company — particularly in its protein and food ingredients units, both of which have



(Video screengrab from TalentsLaCoop.coop)

Coop federee buys into Ontario feed sector

Fresh off its recent investment in the Prairie livestock feed business, Quebec ag co-operative giant La Coop federee is headed down a similar path in southwestern Ontario. The co-operative announced Monday it will pay an undisclosed sum for a 50 per cent stake in W-S Feed and Supply, based at Tavistock, Ont., about 30 km




(Dave Bedard photo)

Cargill upgrading rail loading at Lethbridge

Agrifood firm Cargill is reworking the site layout and expanding its rail loading capacity at its grain elevator in the Lethbridge city limits. The company recently announced a $20 million project to “more than double” the loading capacity at the Lethbridge elevator, from 56 to 134 cars. “The industry standard for rail capacity is increasing,



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle sag despite fundamentals

Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby contracts on Wednesday were weakened by funds that sold, or “rolled,” June positions into back months ahead of similar moves early next week, said traders. Nearby market losses trumped futures’ bullish discount to cash prices, strong wholesale beef values and triple-digit beef packer profits. June