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File photo of pre-COVID-19 rush-hour traffic on the interchange between the Interstate 10 and 110 freeways near downtown Los Angeles. (Art Wager/E+/Getty Images)
Crops, Markets

CBOT weekly outlook: Ag commodities steady

Slack demand for biofuel has dragged on corn

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MarketsFarm — Crop commodity values on the Chicago Board of Trade (CBOT) have largely stabilized as COVID-19 restrictions are relaxed in several U.S. states. “We’ve been playing this virus for a few months now,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. COVID-19-related lockdown measures decimated demand for ethanol, which put considerable pressure on
Markets, News, Other

Australia to subsidize air freight

Aim it to unfreeze agri-exports shut down by virus

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Australia’s government will spend A$110 million (C$95 million) to subsidize air freight for exports of agricultural products after flights were severely disrupted due to the global coronavirus pandemic. About 90 per cent of Australian air freight is usually transported in planes carrying tourists. But with scores of countries closing their borders to stop the spread
An employee prepares grocery orders for home deliveries in Montreal May 2.
Farmit Manitoba, News

When a ‘status quo’ food system won’t cut it

The Second World War radically changed the Canadian food system. What can it teach us about what’s to come?

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Most Canadians probably never dreamed they’d spend so much time this year in line to get into Costco. As COVID-19 shut down society mid-March, grocery stores became different places. Signage told customers to buy only one pack of toilet paper, bag of rice or jug of milk — if they were even on shelves. Headlines
(Photo courtesy Canada Beef Inc.)
Beef cattle, Livestock, Markets

Trump floats halt to U.S. cattle imports as pandemic hurts ranchers

'We have a lot of cattle in this country'

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Washington/Chicago | Reuters — U.S. President Donald Trump said on Tuesday the United States should consider terminating trade deals under which it imports cattle as he looks to help U.S. ranchers hit hard by the coronavirus outbreak. The United States imports cattle from Mexico and Canada to supplement domestic supplies at lower prices and to
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Firm cash market lifts live cattle

Weaker pork prices, supply ideas drag on hogs

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Chicago | Reuters — U.S. live cattle futures closed higher on Friday, with the front contract gaining against back months, led by higher cash cattle prices, traders said. Cash cattle traded as high as $120/cwt in the southern Plains on Friday, the U.S. Department of Agriculture said, up from trades a week earlier that ranged
(Kraig Scarbinsky/DigitalVision/Getty Images)
Crops, Markets

Packaged-food majors see sales spike in pandemic

Big brands may benefit from larger, more secure supply chains

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Reuters — General Mills on Monday said it saw record demand for its pantry staples, becoming the latest packaged food maker to see business spike during the COVID-19 pandemic, as homebound shoppers stocked up on comfort foods during lockdowns. The company joins Nomad Foods, Premier Foods, Nestle, Mondelez and other processed food makers, which have
Certified beef cattle are pictured on May 13, 2020 at Rancho Estrada in the town of San Agustin, on the outskirts of Ciudad Juarez, Mexico. (Photo: Reuters/Jose Luis Gonzalez)
Beef cattle, Livestock, Markets

More Mexican beef headed to U.S. dinner tables as supply crunch bites

"I think we're going to leap past Canada this year"

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Mexico City/Chicago | Reuters — More Mexican steaks and other beef cuts are headed north of the border after the coronavirus outbreak has hobbled U.S. meat processing plants, potentially offsetting fears of shortages affecting businesses from fast-food chains to grocery stores but angering U.S. ranchers. The Mexican industry chalks up the export growth to new
“We still don’t know what this pandemic will cost, but we do know it’s trillions,” says one rancher. “The next one will cost us even more — maybe everything.”
Comment, Opinion, Other

Comment: Don’t chain me down

Food chains are too unreliable, the coronavirus reveals

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For over a month now, nearly anyone who can lift a fork has asked what the “new normal” in agriculture will be. Six weeks later, we now have a pretty good idea that ag’s new normal will look like ag’s old normal. That should give everyone deep concern. If no food supply chain is strong

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