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Crops, Reuters, Weather

Quebec flooding forces hundreds from homes

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Montreal | Reuters — Flooding in towns across Quebec has forced hundreds of residents from their homes, and public security officials fear water levels will rise further with forecasters expecting rain Friday, local media reported on Wednesday. Heavy rains early this week have flooded towns in several areas across the predominately French-language province, including two […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle end higher, but off session tops

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher Tuesday on fund buying, short-covering and solid beef demand that briefly lifted the June contract to its three-cent daily price limit, said traders. They said profit-taking and caution before this week’s cash prices pulled futures from new contract highs. June ended 2.925 cents/lb. […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle hold modest gains

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Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle contracts on Monday settled with modest gains, supported by their discounts to last week’s futures prices and robust wholesale beef demand, said traders. They said profit-taking, after futures spiked to new highs earlier in the session, capped nearby market advances and pressured other trading months. […] Read more
U.S. livestock: Live cattle hit one-year high on fund buying
Livestock, Markets, Reuters

U.S. livestock: Live cattle hit one-year high on fund buying

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Chicago | Reuters — Chicago Mercantile Exchange live cattle on Friday notched a one-year high for a third straight day, with strength from fund buying during the month’s final trading session, traders said. They said brisk wholesale beef demand and deferred-month futures’ discounts to this week’s cash prices helped drive contracts to fresh highs. Funds […] Read more
(OntLA.on.ca)
Crops, Machinery

Ontario budget seeks tax flexibility for on-farm processing

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The Ontario government has balanced its budget for the first time in since 2008 — but Thursday’s budget contained little news for agriculture and rural Ontario. Finance Minister Charles Sousa’s budget mostly highlighted agriculture programs that had already been announced, and maintains $100 million in funding for the provincial Risk Management Program, which helps offsets […] Read more
(AFSC.ca)
Crops, Weather

Alberta recruits new board for AFSC

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Alberta’s provincial government has named a new board of directors to its farm financing and crop insurance agency, to replace the board it fired last year. Agriculture Minister Oneil Carlier on Thursday announced the appointment of a new eight-member board for the provincial Agriculture Financial Services Corp., (AFSC), which has been handled by an interim […] Read more
(Dave Bedard photo)
Livestock, Reuters

Maple Leaf posts higher-than-expected profit

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Reuters — Meat-packing company Maple Leaf Foods reported a better-than-expected quarterly profit, driven by increased retail sales in Canada and higher exports. The company, whose brands include Schneiders and namesake Maple Leaf, said adjusted operating earnings rose 10 per cent to $59 million in the first quarter ended March 31. Maple Leaf, which is Canada’s […] Read more

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