

JBS posts quarterly loss on tight U.S. beef margins
'Greater balance' forecasted for global chicken supply
Sao Paulo | Reuters — Brazilian meat company JBS SA on Monday reported a second-quarter loss citing the negative effects of an oversupplied global chicken market and tighter margins for its beef business in the U.S., where it gets most of its sales. JBS reported a net loss of 263.6 million reais (C$73.8 million), the […] Read more

Good demand for beef, though retail prices see slight decrease
The Markets with Deb McMillin, from the August 2023 issue of Canadian Cattlemen
Fed cattle In the 26 weeks of recorded sales in 2023, 23 of the weeks saw week-over-week improvements. The peak was the third week of June at $247.84/cwt, which was a $61.80/cwt improvement from the start of 2023 and 41 per cent higher than the same week in June 2022. The start of July saw […] Read more

Brazil’s JBS reboots plan to list shares in New York
International meat packer hopes for access to lower-cost capital
Sao Paulo | Reuters — JBS SA, the world’s largest meat packer, on Wednesday proposed listing its shares in New York, hoping the move will bring its multiples closer to peers and that a broader investor base will give it more access to cheaper capital, sending its shares up eight per cent in mid-morning trade. […] Read more

Cryptosporidium: A nightmare in the making
Vet Advice with Dr. Ron Clarke
I turned on the TV a week ago to watch what’s going on south of the border. After taking in the political news, the next channel I turned to relayed the sad story of a young couple with around 300 cows and a horrible outbreak of cryptosporidiosis during their calving season, the treatment nightmare of […] Read more

Canada books first month in 19 without bird flu outbreak
Eight commercial poultry farms remain active sites
June 2023 appears set to be Canada’s first month without a new highly pathogenic avian influenza outbreak in poultry or other domesticated birds since the disease returned to this country in late 2021. Canada has booked 322 outbreaks in domestic birds in the past 19 months, of which 31 were detected so far in 2023. […] Read more

Adjournments put off ag bills to September at earliest
Farm fuel, supply management, produce trust bills on hold
Federal private members’ bills with potential significant weight for Canada’s grain, livestock, dairy, poultry, egg, fruit and vegetable producers are now on hold until mid-September at least. Members of the House of Commons voted June 21 to adjourn until Sept. 18, while the Senate did likewise June 22, to return Sept. 19. While the two […] Read more

Scientists isolate human gene able to fend off most bird flu viruses
Finding may show which bird flu strains have human pandemic potential
London | Reuters — U.K. researchers have homed in on a human gene implicated in thwarting most bird flu viruses from infecting people. Bird flu chiefly spreads among wild birds such as ducks and gulls and can also infect farmed birds and domestic poultry such as chickens, turkeys and quails. Although the viruses largely affect […] Read more

U.S. regulator allows first sales of lab-grown meat
Products to go first to high-end restaurants
Washington | Reuters — Two companies, Upside Foods and Good Meat, said on Wednesday they have received final U.S. Department of Agriculture approval to sell lab-grown meat, paving the way for the nation’s first-ever sales of the product. With the approvals, the U.S. will become the second country after Singapore to allow the sale of […] Read more

Canada warns VCOOL would sabotage shared Canada-U.S. goals, supply chains
The Canadian government has submitted its views on proposed U.S. food labelling rules
Proposed U.S. country of origin labelling rules run contrary to mutual Canada and U.S. goals to reduce inflation, improve food security and build resilient supply chains, according to a submission from the Canadian government to the U.S. Department of Agriculture. “One of the great strengths of the U.S.-Canada bilateral relationship is the successful integration of […] Read more

Canada extends Ukraine tariff-free access
Access to supply-managed sectors tightened
Winnipeg | Reuters — Canada on Friday extended Ukraine’s tariff-free access for most goods, but tightened access for eggs, poultry and dairy — sectors protected under the Canadian supply-management system. Finance Minister Chrystia Freeland said tariff relief for Ukrainian goods such as steel — a temporary measure started a year ago — would continue for […] Read more