Chicago | Reuters –– JBS USA, one of the top U.S. meat processors, said Thursday it will expand a Utah beef processing facility, even as some of its rivals have been shuttering plants because of tight cattle supplies. The project is notable because the U.S. cattle herd has fallen to its smallest size since 1951, […] Read more
JBS expands Utah beef plant as cattle supply squeezes rivals
Japan seen set to cut beef, pork tariffs in TPP talks
Tokyo | Reuters — Japan is prepared to cut its high import tariffs on beef and pork and slightly ease tight restrictions on rice imports for U.S. producers, in a rush to seal an ambitious Pacific trade deal, Japanese media said Friday. Tokyo’s reported concessions come as talks accelerate with Washington to strike a bilateral […] Read more
Hershey to enter meat snacks business, cuts forecast
Reuters — Chocolate maker Hershey Co. said it would buy Krave Pure Foods Inc. to enter the fast-growing meat snacks market, after higher demand for meat and bakery snacks hurt chocolate sales in the fourth quarter. The maker of Hershey’s Kisses and Reese’s Peanut Butter Cups also cut its sales and profit forecast for 2015, […] Read more
France says EU orders repayment of $1.5B in ag subsidies
Paris | Reuters — The European Commission has asked France to repay 1.1 billion euros (C$1.54 billion) of farm subsidies dating back to 2008-2012, the French agriculture ministry said Tuesday. The Commission’s claim, which mainly relates to inaccurate declarations of farm area, initially amounted to around 3.5 billion euros before being negotiated down by France, […] Read more
Molson Coors sells U.K. malting business to Soufflet
London | Reuters — Molson Coors UK has agreed to sell its U.K. maltings business Shobnall Maltings to French grain buyer Soufflet Group, the two companies said in a joint statement Monday. The deal will allow Soufflet to enter the British malt market, the second largest in the European Union, while allowing Molson Coors to focus […] Read more
U.S. hog farmers see ‘significant progress’ in Trans-Pacific talks
Washington | Reuters –– U.S. pork producers on Monday hailed “significant progress” in Asia-Pacific regional trade talks and urged lawmakers to give the White House authority to fast-track trade deals, a sign that a deadlock with Japan may be softening. An impasse between the U.S. and Japan, the two biggest economies in the 12-nation Trans-Pacific […] Read more
Women players drop legal battle over World Cup turf
Reuters –– Players who had begun legal action over the use of artificial surfaces at this year’s Women’s World Cup have dropped their case, their lawyers said on Wednesday. A group of elite women’s players had sued FIFA and the Canadian Soccer Association (CSA), arguing that artificial turf surfaces for the tournament, which takes place […] Read more
Syria air raid on cattle market kills at least 27, monitor says
Amman | Reuters –– At least 27 people were killed and dozens wounded on Tuesday by a Syrian air raid on a cattle market in territory controlled by the hard-line Islamic State, a monitoring group said. The raid hit the main livestock market in Khansaa, a village south of the Kurdish-held city of Qamishli in […] Read more
Australia weather bureau says models show low chance of El Nino
Sydney | Reuters –– Weather models show a low chance of an El Nino, the Australian Bureau of Meteorology (BOM) said Tuesday, after indicators of the climate event eased in recent weeks. El Nino — a warming of sea-surface temperatures in the Pacific — can prompt drought in Southeast Asia and Australia and heavy rains […] Read more
Fertilizer firm Mosaic forecasts bigger-than-expected Q4 profit
Reuters — U.S. fertilizer company Mosaic Co. on Monday estimated it would post a larger fourth-quarter profit than expected and surpassed its targets for phosphate sales. Mosaic, the world’s largest producer of finished phosphate products and North America’s second-biggest potash producer, said it expects to earn 93 to 98 cents per share in the quarter […] Read more
Canadian Cattlemen Presents: Depth of Field
