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General, Markets, Reuters

India to let farmers sell produce directly to traders, retailers

Current system seen reducing farmer bargaining power

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New Delhi | Reuters — India is to allow farmers to sell produce directly to bulk buyers such as trading companies, food processors and large retailers, the farm minister said on Wednesday. This would obviate the need for farmers to bring their produce to India’s more than 7,000 regulated wholesale markets and let buyers buy […] Read more
Livestock, Reuters

Dutch to cull mink at farms hit by COVID-19 outbreak

Order follows mink-to-human virus transmissions

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Amsterdam | Reuters — The Dutch government on Wednesday ordered mink culled at nine farms where animals have been infected with the coronavirus, fearing they could form a reservoir of disease infecting humans after the country’s current outbreak has passed. “Clearing the infected farms is in the interest of both human health and animal health,” […] Read more
Livestock, Markets, Poultry/Eggs, Reuters

U.S. indicts Pilgrim’s Pride CEO for alleged chicken price-fixing

Allegations cover period from 2012 to 2017

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Washington/Chicago | Reuters — The CEO of Pilgrim’s Pride Corp., a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the U.S. Department of Justice said Wednesday. A grand jury in Denver indicted Jayson Penn, the president and CEO […] Read more
Hogs, Livestock

Pork packer considering Moose Jaw’s ex-beef plant

Donald's Fine Foods announces 'feasibility study'

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A potential buyer’s study could soon show whether a former beef packing plant in southern Saskatchewan has the bones to support a pork processing operation for cull sows. Richmond, B.C.-based Donald’s Fine Foods, which since 2010 has operated the Thunder Creek Pork hog plant at Moose Jaw, announced last week it plans to run a […] Read more
Livestock, Markets, Reuters

U.S. livestock: Live cattle sag as wholesale beef prices retreat

Slaughter counts rising 'much faster than anticipated'

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Chicago | Reuters — U.S. live cattle futures fell on Tuesday, with the August contract hitting its lowest in nearly a month as the U.S. slaughter pace picked up, sending more beef into retail channels, traders said. Chicago Mercantile Exchange (CME) June live cattle settled down three cents at 95.3 cents/lb., while most-active August ended […] Read more
Crops, Markets, Reuters

U.S. grains: Soybeans up on China sales hopes

Wheat down on U.S. harvest; rains seen for Black Sea

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Chicago | Reuters — U.S. soybean futures hit a three-week high on Tuesday on confirmation of U.S. soy sales to top global importer China and signs of an improving export outlook, traders said. Wheat futures fell as the U.S. winter wheat harvest got rolling while corn ended modestly higher. Chicago Board of Trade July soybeans […] Read more
Barley, Crops, Markets

With beer taps off, malt barley demand down

No significant drop in barley acres expected

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MarketsFarm — Declining beer consumption due to the COVID-19 pandemic will also lead to reduced demand for the malt barley to brew it — but acreage to the crop is unlikely to see much adjustment on the Prairies. “I don’t think there’s any question — without sporting events, and festivals, and concerts – that beer […] Read more
Crops, Lentils, Markets

India reduces tariffs on lentils

Reduction set for all lentil imports except from U.S.

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MarketsFarm — India is temporarily reducing import tariffs on lentils originating from most countries. The India government’s Central Board of Indirect Taxes and Customs on Tuesday posted “Notice 26/2020-Customs,” which lowers import taxes on most lentils entering the country, from 30 per cent to 10 per cent. The reduction, which takes immediate effect, runs until […] Read more
Finishers, Livestock, Markets

Klassen: Feeder market recovery continues

Strength in fed cattle prices the main driver

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Compared to last week, western Canadian yearling prices were $6-$8 higher on average while calves were unchanged to $4 higher. Strength in fed cattle prices was the main factor driving the feeder cattle market this week. Alberta direct fed cattle sales were reported on a live basis from $150 to $153 f.o.b. the feedlot, up […] Read more
Crops

Insurance customers’ contact info dropped into MASC email

Crown crop insurance agency warns of privacy breach

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A contact list of crop insurance customers at Manitoba Agricultural Services Corp. has gone out via email to several dozen of the Crown ag insurance agency’s customers. MASC on Monday said a file containing names and contact information of an unspecified number of AgriInsurance clients was “attached in error” to an email sent last Tuesday […] Read more

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