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Livestock Markets

Cargill looking to buy

Cargill, one of the world’s largest private corporations, is looking for acquisitions, after the collapse in raw material and share prices cut valuations, according to a Bloomberg report citing an executive at the agribusiness and trading company. “There will be opportunities to acquire both assets, companies and hire people that we didn’t think we’d be
News

Grocery margins seen rising, but not for long

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Supermarkets in Canada seem to have taken price hikes to “bold new levels” in the third quarter of 2008, but shouldn’t expect wider margins to last, according to the George Morris Centre. A Nov. 13 essay by Kevin Grier, senior market analyst for the Guelph-based farm think-tank, points to a seven per cent increase in
Other

Hemp provides many solutions

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“We need options, otherwise we’ll be a wheat-canola country from coast to coast and that’s not sustainable.” – DARYL DOMITRUK Hemp is the solution for many agricultural and environmental concerns in Canada according to Daryl Domitruk. The director of Agri-Industry Development and Innovation for the province said Manitoba is especially well suited to position itself
Cereals, Crops, News

GM urgency eases

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The push to promote genetically modified (GM) wheat to combat global food shortages could slow as global commodity prices ease, a top industry executive said Nov. 16. “Now that prices have fallen off their peak, I don’t think it will be a priority,” said Vijay Iyengar, managing director of the Singapore-based grains trader Agrocorp International
Country Crossroads, Pulses

Pulse Canada releases video showcasing research

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Research always produces a pile of reports and other paper documents. Three years of it at Pulse Canada was no exception. But instead of producing another thick document, as the final report of its Pulse Innovation Project, the national organization has found a novel new way to share their findings: an upbeat, 10-minute video. The
Beef cattle, Hogs, News

Cargill sees U. S. meat exports slowing

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“I would say it is slower than normal and it slowed quicker than it had in the past.” The growing global economic crisis is putting the brakes on exports of U. S. beef and pork and it may be early next year before conditions improve, a Cargill meat official told Reuters. “Globally, people’s confidence is
Beef cattle, News

Mexico bans six U. S. meat plants

Mexico said Oct. 13 it had banned imports from six U. S. meat-processing plants, just weeks after U. S. Department of Agriculture officials shut down exports from some Mexican meat producers. Mexican sanitary officials from the Agriculture Ministry conducted inspections in the United States and at the end of last week said six plants were
News

Cargill posts healthy profit

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Cargill Inc. posted a 62 per cent rise in quarterly earnings Oct. 13, led largely by its industrial business. Cargill, one of the world’s largest private corporations, said earnings rose to $1.49 billion in the first quarter ended Aug. 31 from $917 million a year earlier. “Cargill realized a strong start to our new fiscal
News

Listeria inquiry may become CFIA review

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“It will be hard to do anything of substance that fast.” – FOOD LAWYER RONALD DOERING As concerns about listeria and other food safety issues percolated through the Oct. 14 election campaign, federal officials tried to find candidates to head an inquiry promised by Prime Minister Stephen Harper. The appointment i sn’t expected until after

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