Beijing/Chicago/Carambei | Reuters – Ken Maschhoff, chairman of the largest U.S. family-owned pork producer, has watched profits fall as trade tensions rise between the United States and China. His company, The Machhoffs, has halted U.S. projects worth up to $30 million and may move some operations overseas. Investing in domestic operations now would be “ludicrous” […] Read more
Hog industry worldwide getting slaughtered in trade war
Pork producers slammed by tariff war call for government aid
The bottom fell out of the pork market this summer and Alberta producers are suffering huge losses
Reading Time: 4 minutes Canadian pork producers need “immediate help” from government to deal with a price plunge sparked by U.S. President Donald Trump’s tariff wars with China and Mexico. “What we’re seeing right now is really bad,” said Darcy Fitzgerald, executive director of Alberta Pork. “And a lot of it has to do with what’s going on with […] Read more
The milk in the middle of the high-stakes NAFTA drama
A new milk category thrust dairy farmers into a political firestorm — so what is Class 7 all about?
Reading Time: 3 minutes It seemed like a win-win — until a new milk category caught the attention of U.S. President Donald Trump and unexpectedly became one of the key sticking points in NAFTA negotiations. It’s called Class 7, which is milk protein isolates (dried milk powders high in protein). It was introduced in 2016 in response to diafiltered […] Read more
Price plunge spells disaster for Alberta hog farmers
Demand is strong, Canadian packers are short 70,000 hogs weekly, but prices have plunged
Reading Time: 5 minutes A crash in prices — fuelled by Washington’s tariff war — could spell the end for many of Alberta’s dwindling number of hog operations. The sector has already lost half of its hog farms in the past decade and with producers losing $50 on every animal they ship, more are looking at throwing in the […] Read more
Tariff relief for Canada’s farmers at issue in Quebec election
Montreal |Reuters – Quebec farmers want further relief from a global tariff dispute ahead of Oct. 1 elections in the mostly French-speaking Canadian province, which has seen a recent rise in nationalist sentiment. Quebec’s ruling Liberals, centrists but separate from the federal Liberal party, launched their campaign on Thursday. They trail in polls behind the center-right Coalition Avenir Quebec […] Read more
China plans tariffs on $60 bln of U.S. goods in latest trade salvo
Beijing | Singapore | Reuters – China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks with Washington to solve their bitter trade conflict. The Trump administration tightened pressure for trade concessions from […] Read more
U.S. says farmers could get cash aid by Oct. but will not be made whole
Buenos Aires | Reuters – U.S. farmers could receive cash payments from a planned $12 billion aid package as soon as late September, U.S. Agriculture Secretary Sonny Perdue told Reuters on July 28, warning that the program will not make tariff-hit farmers whole. Perdue said in an interview on the sidelines of the G20 meeting […] Read more
While U.S. soybean growers fret, canola keeps shining
China has stopped buying American soybeans, while canola trade is comfortably boring
Reading Time: 4 minutes A potential U.S.-China trade war has American soybean growers anxiously watching the horizon, but it looks like smooth sailing for canola markets. “Canola is a high-quality oil that processors would use more of if they could get their hands on it. This does encourage more growth and also the increase of crush capacity we’ve seen […] Read more
Farmers wonder what’s next from mercurial president
The threat of a trade war has been pushed off the front pages, but continues to roil the farm sector
Reading Time: < 1 minute The phrase ‘that’s so last week’ is supposed to be ironic, but it’s an apt description for the ongoing whirlwind of trade measures coming out of the Oval Office. Since ordering tariffs of 25 per cent on US$50 billion worth of Chinese goods in early April, U.S. President Donald Trump has ordered more tariffs on […] Read more
VIEW FROM THE NORTH: Small pond, big ripples
There could be some benefits in some areas, but the downsides are many and could seriously disrupt markets
Reading Time: 3 minutes China’s tariffs on American pork and soybeans will have impacts here, although how exactly is an open question. “It affects our producers because our hog prices are set off of the U.S. market,” said provincial pork specialist Ron Gietz after their imposition earlier this month. The tariffs sent American prices plunging, with Canadian prices following […] Read more
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