Fresh off its recent investment in the Prairie livestock feed business, Quebec ag co-operative giant La Coop federee is headed down a similar path in southwestern Ontario. The co-operative announced Monday it will pay an undisclosed sum for a 50 per cent stake in W-S Feed and Supply, based at Tavistock, Ont., about 30 km […] Read more
Coop federee buys into Ontario feed sector
Beef, eggs, feed fatten Cargill’s profits
Chicago | Reuters — Strong global demand for beef and animal feed fattened grain trader Cargill’s profits in fiscal year 2018, which were also boosted by trade tensions and South American weather woes, the company said on Thursday. For the full year, adjusted operating earnings reached $3.2 billion, up six per cent from fiscal 2017 […] Read more
Pulse weekly outlook: Processing boom to help in long run
CNS Canada — Even with one new pulse processing plant on line in Western Canada and more on the way, producers will still have to wait before these new ventures have a significant effect on marketing of their pulse crops. Numerous pulse processing plants have been announced in the last year. French company Roquette broke […] Read more
Cargill upgrading rail loading at Lethbridge
Agrifood firm Cargill is reworking the site layout and expanding its rail loading capacity at its grain elevator in the Lethbridge city limits. The company recently announced a $20 million project to “more than double” the loading capacity at the Lethbridge elevator, from 56 to 134 cars. “The industry standard for rail capacity is increasing, […] Read more
Trade rows spell gain, and pain, for U.S. grain exporters
Chicago | Reuters — Global grain marketers have seized upon trade tensions between the United States and several of its top export markets, including China, to turn around struggling trading units following one of the toughest years ever for the industry. After five years of bumper harvests worldwide that depressed crop prices, trading margins are […] Read more
U.S. livestock: CME live cattle sag despite fundamentals
Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby contracts on Wednesday were weakened by funds that sold, or “rolled,” June positions into back months ahead of similar moves early next week, said traders. Nearby market losses trumped futures’ bullish discount to cash prices, strong wholesale beef values and triple-digit beef packer profits. June […] Read more
Cargill revamping Lethbridge elevator
Reading Time: < 1 minute Cargill is expanding its rail facilities at its Lethbridge elevator. The $20-million project will more than double loading capacity and is expected to be complete midway through harvest 2018, the company said. “The industry standard for rail capacity is increasing, and this project will ensure that Cargill Lethbridge is more than meeting the standard,” said […] Read more
Cargill to replace chicken plant’s stunning system
Agrifood firm Cargill has budgeted $22 million to swap out an electric stunning system at its London, Ont. chicken processing plant in favour of a new controlled atmospheric stunning (CAS) system. The CAS system, expected to be up and running this spring, “will help reduce handling stress with chickens, resulting in a higher-quality, more consistent […] Read more
Cargill selling Ontario grain, inputs businesses
Quebec agrifood co-operative La Coop federee is set to stake a larger claim in Ontario’s grain and crop input sector with a deal for Cargill’s assets there. Cargill’s Winnipeg-based Canadian arm announced Thursday it will sell its Ontario grain and crop input outlets and its joint-venture stake in South West Ag Partners to La Coop […] Read more
Sustainable beef pilot passes first-quarter mark
The packer behind the pilot of a Canadian value chain for certified sustainable beef says its first three months are proof the model is scalable as well as functional. The pilot’s first quarter “proved that a significant volume of beef can be successfully traced through a certified supply chain for the participating customers,” Gurneesh Bhandal, […] Read more
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