The company that makes Mini-Wheats cereal, Pringles potato crisps and MorningStar veggie burgers now plans to see those each of those three product lines go their separate ways by the end of next year. Michigan-based Kellogg Co. said Tuesday its board has approved a plan to break into three yet-to-be-named independent publicly-traded companies by way […] Read more
Kellogg to spin off into three food companies
Plant-based foods, North American cereals to be hived off
Manitoba Crop Report: Plantings advance, crops threatened by weeds, insects
MarketsFarm – Seeding continues to advance in Manitoba, but recent rains have also hindered progress and emergent crops are being threatened by weeds and insects. Plantings in the province are 91 per cent complete as of June 21, four points higher than the previous week according to Manitoba’s weekly crop report. Typically, the third week […] Read more
Saskatchewan shores up disaster program for bigger farms
Program extends PDAP aid to higher-revenue farm businesses
Saskatchewan farmers whose operations took damage from storms in April, but whose gross revenues overtopped the maximum for disaster assistance, will now be able to get in on that program. The province on June 16 announced “supplemental relief” via the Provincial Disaster Assistance Program to help farmers who didn’t qualify under PDAP’s usual eligibility rules. […] Read more
Pulse weekly outlook: Peas, lentils faring well but threats remain
MarketsFarm — Growing conditions for peas and lentils in Saskatchewan during the spring can be described as variable. While western parts of the province continued to endure dry conditions carried over from last year’s drought, regions in the east were drenched with near-continuous rainfall to go along with below-normal temperatures. Lionel Ector, president of Diefenbaker […] Read more
AAFC ups wheat production, usage numbers; stocks steady
MarketsFarm — Projected ending stocks of Canada’s major crops were left relatively unchanged in the latest supply/demand estimates from Agriculture and Agri-Food Canada, released Monday, although there were some revisions to the wheat production and usage numbers. The government agency raised its forecast for total Canadian wheat production in 2022-23 to 33.092 million tonnes, up […] Read more
Mid-year farm gate price hike approved for milk
Processors say incremental hike may soften impact on consumers
A request from Canada’s dairy farmer organization for an unscheduled increase in the current farm gate price for milk, to help farmers catch up with steep rises in their costs of production, has been granted. The Canadian Dairy Commission said Tuesday it will recommend that the farm gate price for milk be increased effective Sept. […] Read more
U.S. livestock: Hog futures rise to two-month high
CME cattle futures mixed
Chicago | Reuters — CME hog futures rose to their highest in two months on Tuesday as slowdowns on processing lines raised concerns about tightening supplies. Cattle futures were mixed, with feeder cattle contracts firming as falling corn prices improved prospects of cheaper feed and strong profit margins for packers. Live cattle contracts ended slightly […] Read more
U.S. grains: Wheat futures hit lowest since late March
Chicago corn, soybeans also weak
Chicago | Reuters — U.S. wheat futures sank 5.7 per cent on Tuesday to their lowest level in 2-1/2 months, pressured by early harvesting in the United States and Europe as well as fresh efforts to boost the amount of grain shipped from Ukraine. Corn futures were down three per cent as weather forecasts turned […] Read more
Turkish team to discuss Black Sea grain corridor in Russia this week
Turkey proposes to monitor safe passage
Ankara | Reuters — Ankara’s military delegation will travel to Russia this week to discuss details of a possible safe sea corridor in the Black Sea to export Ukrainian grain, Turkish presidency sources said on Tuesday. Russia’s TASS agency confirmed plans for the talks, citing Kremlin spokesman Dmitry Peskov. Russia’s Feb. 24 invasion of Ukraine […] Read more
U.S. Supreme Court rejects Bayer bid to toss Roundup suits
Washington | Reuters — The U.S. Supreme Court on Tuesday rejected Bayer’s bid to dismiss legal claims by customers who contend its Roundup herbicide causes cancer as the German company seeks to avoid potentially billions of dollars in damages. The justices turned away a Bayer appeal and left in place a lower court decision that […] Read more
Canadian Cattlemen Presents: Depth of Field
