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Chinese pork giant WH Group processes more chicken to offset competition

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Chinese pork processing giant WH Group processed 30 per cent more poultry last year, the company said March 28, as it diversifies into other meats to lower costs and become more competitive. WH Group, which owns U.S.-based Smithfield Foods and also has operations in Europe, reported a 34.3 per cent rise in annual profit to
A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)
Crops, Markets

Australia reaches deal with China in barley dispute

Trade shift may be 'bad news' for Canada and other exporters

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Sydney/Beijing | Reuters — Australia has reached an agreement with China to resolve their dispute over barley imports, the two countries said on Tuesday, a latest sign of improving ties between the major commodity trade partners. Relations between the two had been strained for years, and worsened after Australia called for an inquiry into the
(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Barley prices still historically high, but face headwinds

Bulk corn delivery remains more convenient

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MarketsFarm — Feed barley bids in Western Canada remain historically strong, despite easing off their highs over the past month and trending lower. With bids of around $410 per tonne into the Lethbridge feedlot alley, feed barley “is still a sell,” according to Mike Jubinville of MarketsFarm, speaking on a webinar. However, he noted there
Brazil corn exports to China nosedive as soy season kicks off
Markets, News

Brazil corn exports to China nosedive as soy season kicks off

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Reuters – Brazil’s corn exports fell sharply in February as soybean shipments took centre stage and Chinese buyers turned to countries like the United States and Ukraine for supplies. According to revised Brazilian trade data, the country’s corn sales to China were 70,000 tonnes last month, down from 983,700 tonnes in January and more than
(FevziieRyeman/iStock/Getty Images)
Beef cattle, Livestock, Markets

China agrees to resume imports of Brazilian beef

Beijing authorizes four new Brazilian plants

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Beijing/Sao Paulo | Reuters –– Efforts by the Brazilian government to lift a month-long ban on beef exports to China paid off on Thursday, as Beijing agreed to resume imports while also approving four new beef packers based in Brazil, according to authorities in both countries. China’s General Administration of Customs approved the resumption of
Photo: Getty Images
Crops, Markets

China to buy more homegrown soybeans for reserves

State-owned firms urged to prioritize domestic soy

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Beijing | Reuters — China will step up buying of domestic soybeans by state reserves to encourage farmers to keep planting the crop, the agriculture ministry said on Thursday, as Beijing continues to push for greater self-sufficiency in oilseed. China started to increase soybean planting a year ago amid worries about its heavy reliance on
File photo of signage outside Maple Leaf Foods’ Lagimodiere Boulevard plant in Winnipeg. (Dave Bedard photo)
Livestock, Markets

Maple Leaf sees ‘inflection point’ beyond red ink of 2022

Packer books net losses in Q4, full-year

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Another of Canada’s major pork and poultry packers has reported significant net losses in its 2022 ledger, but sees “green shoots” suggesting a return to normal pork markets and stable supply chains this year. Maple Leaf Foods on Thursday reported a net loss of $311.89 million on $4.739 billion in gross sales for its fiscal
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle set high on Brazil halting beef exports to China

April hogs close lower, June up

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a contract high on Thursday amid hopes that Chinese importers will buy more U.S. beef after rival supplier Brazil suspended shipments to China, analysts said. Brazil said it would halt beef exports to China, the main destination for its overseas shipments, after confirming a
A microscope-level view of damaged brain tissue from a cow infected with BSE. (USDA photo via U.S. Food and Drug Administration)
Livestock

Brazil to halt beef exports to China after BSE case

Indications point to 'atypical' case

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Sao Paulo | Reuters — Brazil’s beef exports to China will be halted starting Thursday after a case of bovine spongiform encephalopathy (BSE) was confirmed in the northern state of Para, the country’s agriculture and livestock ministry said on Wednesday. The suspension is part of an animal health pact previously agreed between China and Brazil

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