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Tag Archives COVID-19

A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)
General, Markets

Ag industry a potential ‘bright spot,’ post-pandemic

Agriculture could lead economic rebuild, ATB official says

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Alberta’s ag sector will be key in rebuilding the province’s economy once the pandemic is over, says the director of research for economics at ATB Financial. “Overall, I think one of the bright spots in a really dark economic situation in the province is our agriculture and agri-food sector,” Rob Roach said. “It’s still producing. […] Read more
A container terminal at the Port of Vancouver. (FangXiaNuo/E+/Canada)
Crops, Machinery, Markets, Pulses

Logistics, lack of containers hamper pulse crop movement

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MarketsFarm — Logistics disruptions due to COVID-19 are hampering nearby movement of pulses, according to a number of industry participants speaking Thursday on a webinar organized by the Global Pulse Consortium. However, the longer-term impact of the pandemic remains to be seen. “The shipping industry has been hugely impacted by COVID-19,” Chris Oliver, nautical director […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rebound to one-week high

Lean hog trade remains focused on plant shutdowns

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Chicago | Reuters — U.S. live and feeder cattle futures jumped to one-week highs on Thursday as the markets extended rebounds after diving recently on concerns about the new coronavirus backing up livestock on farms. Hog futures remained under pressure from disruptions caused by the virus, which has shut pork processing plants run by Smithfield […] Read more
Workers in the JBS beef plant at Brooks, Alta. appear in a screen shot from a 2018 corporate video. (JBS Canada video screengrab via YouTube)
Beef Cattle, Livestock

Third major Alberta beef plant confirms COVID-19 cases

JBS in Brooks is the latest with infected workers, but will continue operations

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UPDATED, April 17 — Cases of COVID-19 have now been confirmed at three of Alberta’s major beef packing plants. Three cases of COVID-19 were confirmed Wednesday at the JBS beef packing plant in Brooks, said Tom Hesse, Local 401 president with United Food and Commercial Workers (UFCW) Canada. JBS Canada spokesman Cameron Bruett confirmed some […] Read more
(Marina Karkalicheva/iStock/Getty Images)
Dairy Cattle, Hogs, Livestock, Markets, Reuters

Trump administration aims to buy milk, meat to help farmers, Perdue says

Homeland Security to ease visa rules for ag workers

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Reuters — The U.S. government plans to buy milk and meat from farmers as part of an initial US$15.5 billion effort to help them weather the impact of the coronavirus outbreak, Agriculture Secretary Sonny Perdue said on Wednesday. The decision comes amid rising pressure from the U.S. farm lobby for government purchases as growers and […] Read more
COVID-19 has taken a toll on the relationship between the union representing workers and plant management.
News

CCA calls for BSE-era set-aside framework to mitigate processing backlog

Industry groups urge federal government for support implementing program in light of critically reduced packing capacity across Canada

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Canada’s national beef organizations are pushing for the swift implementation of a program used to weather the industry’s last major storm. With processing capacity reduced across Canada, including one of the country’s largest packing plants, the Canadian Cattlemen’s Association (CCA) and other stakeholders are calling on financial support from the federal government to reintroduce the […] Read more
(Alexey Rezvykh/iStock/Getty Images)
Crops

‘So far, so good,’ fertilizer sector says

Fertilizer Canada says vast majority of members have sufficient supplies in place or en route

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There shouldn’t be any problems in supplying farmers with fertilizer this spring, says the organization representing manufacturers and distributors. “Our members are set to go,” Fertilizer Canada president and CEO Garth Whyte said in a news release Wednesday. “COVID-19 plans were quickly established at facilities, in conjunction with being declared an essential service, there was […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Finishers, Livestock, Markets

Beef cattle producers seek new set-aside plan

Cattle groups, Tories call for revival of BSE-era program

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Canada’s beef cattle producer groups and federal Conservatives want to see the revival of a BSE-era program to hold cattle back against the risk of further lost options for slaughter. The Canadian Cattlemen’s Association on Monday hearkened back to its March 24 list of recommendations to the federal government for support measures against the impacts […] Read more
CBOT May 2020 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn futures set 3-1/2 year low as ethanol output tumbles

Soy futures consolidate after 3-1/2 week low

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Chicago | Reuters — U.S. corn futures dropped to their lowest level in about 3-1/2 years on Wednesday as weekly ethanol output set a record low, reflecting weak demand for the crop during the coronavirus outbreak. Soybean and wheat futures also fell at the Chicago Board of Trade. Demand for corn-based ethanol has suffered as […] Read more
ICE May 2020 canola (candlesticks, in Cdn$) and CBOT May 2020 soymeal (yellow line, US$). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Loonie’s rally kept canola lower

CBOT soymeal, soyoil also drag on canola

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MarketsFarm — Canola prices dropped over the last week due to a combination of factors, according to David Derwin of PI Financial in Winnipeg. The Canadian dollar was one of those factors, as it had a small rally that pushed the loonie to almost 72 U.S. cents. That rally ended Wednesday, however, when the dollar […] Read more

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