Food processing giants lay off workers

Food processing giants lay off workers

Prime Cuts with Steve Kay

To say that the past two years have been challenging for American meat companies is an understatement. Just two years ago, Tyson Foods, the largest processor of fed beef in the industry, posted operating income for its beef segment of US$2.502 billion. The year before, it posted a record operating profit of US$3.240 billion. But […] Read more




a steak and salad on a white dinner plate

Showcasing Canadian beef at SIAL Paris

Keeping Up With Canada Beef

The Canadian Centre for Food Integrity’s Public Trust Research Report 2024 contains several key takeaways for Canada’s agrifood sector. The annual survey measures public trust in the nation’s agrifood systems and public perceptions of food system issues. The recently released report shows four of the top five life issues relate to the themes of food […] Read more


Companies that have paid to source agricultural produce that complies with the European Union’s anti-deforestation law would lose out if the EU decides to delay implementing the legislation by a year, industry groups and traders said. Photo: Mlenny/iStock/Getty Images

EU and South America strike trade deal set to hit pushback in Europe

The European Union and South America's Mercosur bloc struck an agreement on a long-delayed free trade deal on Friday which now faces a tortuous battle for approval in Europe, where there is stiff opposition from France. After negotiations spanning over 20 years, and five years on from an initial deal, European Commission President Ursula von der Leyen and her Mercosur counterparts announced an agreement had been reached in the Uruguayan capital Montevideo.

Photo: jjmiller11/iStock/Getty Images Plus

U.S. livestock: Cattle futures bounce on tight supplies, firm cash markets

Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures rebounded on Tuesday from prior-session declines, continuing a recent climb sparked by tight cattle supplies and firm cash market prices. Recent strength in wholesale beef prices also encouraged continued buying despite a seasonal tendency for the market to decline after the Thanksgiving holiday […] Read more


Cattle at a feedlot near North Platte, Nebraska. (AndrewLinscott/iStock/Getty Images)

U.S. livestock: Feeder cattle drop on profit taking after 10-session rally

Chicago | Reuters – Chicago Mercantile Exchange feeder cattle futures retreated in a profit-taking setback on Monday after a ten-session rally that took prices to five-month peaks, while live cattle futures followed feeders lower. Monday’s cattle declines came after managed funds had bolstered their long holdings in both markets over recent weeks, encouraged by tight […] Read more



October strike agreement brings sigh of relief

October strike agreement brings sigh of relief

Prime Cuts with Steve Kay

A tentative agreement on October 3 between shipping companies and striking dockworkers brought huge sighs of relief from U.S. meat exporters and importers and the agricultural feed/food industry. All had warned that a prolonged strike would wreak havoc on their sectors. The last time the International Longshoremen’s Association struck in 1977, the port closure lasted […] Read more