Dairy Cattle , Latest & Featured

Agropur plans three years of deeper cost cuts

By Canadian Cattlemen Staff February 12, 2016

Having beat a three-year, $75 million goal for cost cuts, Canadian dairy co-operative Agropur has set the bar at nine figures for the next three-year period. The Quebec-based co-op on Wednesday booked net earnings of $47.5 million on sales of $5.875 billion in its fiscal year ending Oct. 31, 2015, up from $38.31 million on […] Read more

Dairy Cattle, Livestock, Reuters

Agropur eyes further U.S. acquisitions

By Rod Nickel February 10, 2016

Reuters — Canada’s second-biggest dairy, Agropur Co-operative, said it is looking to grow in the U.S., possibly through acquisitions, in the face of an expected erosion of its market share at home due to recent international trade deals. Agropur, whose brands include Iogo yogurt and Oka cheese, and larger rival Saputo have already built U.S. […] Read more

Saputo’s Canadian dairy division includes brands such as Dairyland, Neilson, Nutrilait, Baxter and Armstrong. (Dave Bedard photo)

Dairy Cattle, Livestock, Reuters

Saputo earnings up with weaker loonie

By Reuters February 4, 2016

Reuters — Saputo, one of Canada’s largest dairy producers, reported higher than expected adjusted earnings on Thursday, helped by weakness in the Canadian dollar. For its fiscal third quarter, adjusted net income rose 13.5 per cent to $175.4 million, or 44 cents a share. Revenue during the quarter, which ended Dec. 31, rose 2.8 per […] Read more

Crops, Dairy Cattle, Fruit/Vegetables, Reuters

Louis Dreyfus ring-fences some units, considers options

By Dmitry Zhdannikov, GFM Network News January 29, 2016

London | Reuters — Louis Dreyfus Commodities is ring-fencing its crop inputs, metals, juice and dairy units and is considering options ranging from joint ventures to the sale of certain assets, a senior company source said. In December, Reuters reported the trade house had been seeking buyers for its juice and fertilizer units for some […] Read more

Dairy Cattle, Livestock, Reuters

EU to review use of last-resort antibiotic on farms

By Reuters January 14, 2016

London | Reuters — European drug regulators launched a review on Jan. 11 of the use in farming of a key last-line antibiotic called colistin, after international research found alarming evidence of a gene that makes bacteria resistant to the drug. The London-based European Medicines Agency (EMA) said it was responding to a European Commission […] Read more

Dairy Cattle, Livestock, Markets, Reuters

Global dairy prices unexpectedly fall in overnight auction

By Reuters January 5, 2016

Wellington | Reuters — Global dairy prices unexpectedly eased in the overnight GlobalDairyTrade auction, a platform established by New Zealand’s Fonterra Co-operative Group, the world’s biggest dairy exporter. Fonterra’s GDT Price Index dipped 1.6 per cent, with an average selling price of $2,458 per tonne, in the auction held Tuesday (all figures US$). Whole milk […] Read more

Dairy Cattle, Livestock

Que. banks, funds boost stake in Agropur

By Canadian Cattlemen Staff December 17, 2015

Agropur is getting a second nine-figure cash injection from a group of Quebec institutional investors and banks, further backing the major Quebec dairy farmer co-operative’s expansion plans against an uncertain domestic market. The investor group, led by Caisse de depot et placement du Quebec (CDPQ), said Thursday it will put up $300 million, on top […] Read more

Dairy Cattle, Livestock, Markets

Dairy support price gets boost starting Feb. 1

By Canadian Cattlemen Staff December 16, 2015

Canada’s dairy farmers can expect a two per cent bump in their overall revenue from industrial milk sales starting Feb. 1 next year. Citing dairy producers’ increased costs of production, the Canadian Dairy Commission on Wednesday announced its support price of butter will increase effective Feb. 1 to $7.7815 per kilogram, from $7.4046 currently. Its […] Read more

Dairy Cattle, Livestock

Parmalat gets GF2 funds for new Winnipeg milk plant

By Canadian Cattlemen Staff, GFM Network News December 15, 2015

Dairy giant Parmalat is set to get federal and Manitoba government funding toward its planned new $50 million milk plant in Winnipeg. The two levels of government on Tuesday pledged $2.5 million toward the construction of Parmalat’s new dairy plant at an industrial park in the city’s St. Boniface area, about seven km east of […] Read more

Jean-Claude Poissant, shown here at the opening of Maison ACFA in St-Hyacinthe, is the Liberals’ new parliamentary secretary for agriculture. (ACFAreseaux.qc.ca)

Dairy Cattle, Livestock

Que. dairyman named parliamentary ag secretary

By Canadian Cattlemen Staff December 3, 2015

Canada’s agriculture minister will get a Quebec dairyman and grain farmer turned rookie Liberal MP as his new parliamentary secretary. Jean-Claude Poissant, who won the re-formed Montreal-area riding of La Prairie for the Liberals on Oct. 19 by a spread of almost 5,900 votes over Bloc Quebecois contender Christian Picard, was named Wednesday as parliamentary […] Read more

Ukraine 2025 wheat crop seen at 21.8 million tons, corn at 28 million-29 million says farm union

Prairie forecast: Warm and dry for the long weekend

U.S. grains: Corn futures lower as farmers sell, soy choppy

Daily Network News

Ukraine 2025 wheat crop seen at 21.8 million tons, corn at 28 million-29 million says farm union

Prairie forecast: Warm and dry for the long weekend

U.S. grains: Corn futures lower as farmers sell, soy choppy

Dairy Cattle

Agropur plans three years of deeper cost cuts

Agropur eyes further U.S. acquisitions

Saputo earnings up with weaker loonie

Louis Dreyfus ring-fences some units, considers options

EU to review use of last-resort antibiotic on farms

Global dairy prices unexpectedly fall in overnight auction

Que. banks, funds boost stake in Agropur

Dairy support price gets boost starting Feb. 1

Parmalat gets GF2 funds for new Winnipeg milk plant

Que. dairyman named parliamentary ag secretary

Canadian Cattlemen Presents: Depth of Field

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