MarketsFarm — Hog prices in North America typically come under pressure heading into fall, as the end of barbecue season coincides with more hogs coming to slaughter. However, strong global demand has propped up hog prices in recent weeks, with cash prices increasing by over 25 per cent. Fewer hogs coming to market, coupled with […] Read more
Tag Archives COVID-19 — page 34
Strong demand, lower supplies support North American hog prices
Dairy weathers unexpected price drop, trade deal implications
There are signs that the dairy market is recovering and butter stocks are low which could support prices
Dairy farms in Canada are likely to return to profitability in 2021, after absorbing a hit to profits from the impact of COVID-19. Sebastien Pouliot, principal agricultural economist at Farm Credit Canada (FCC), says that COVID-19 hit what could have been a decent year for dairy farmers. Why it matters: Dairy farms are a large […] Read more
Federal program to protect farms, workers from COVID-19 underway
'Highest-risk' farming operations to get priority, Bibeau says
Applications are now open for a federally-administered $35 million emergency on-farm support fund to help limit the impacts of COVID-19 on farms and on-farm workers. Aimed at farm workplaces and employee living quarters, the fund is being managed by Agriculture and Agri-Food Canada (AAFC), but cost-shared with participating producers at a 50-50 level. Money is […] Read more
Fairlife Peterborough milk plant now in operation
New Fairlife plant began production after extended pandemic delay
After months of pandemic-induced delays, a new Peterborough-area milk processor is up and running. Fairlife – a division of Coca Cola – first announced plans to construct the facility in June, 2018. Launch day, originally scheduled for this past spring, was delayed when personnel responsible for final construction and operational checks were unable to enter […] Read more
Canada to keep U.S. border curbs until pandemic much less serious
Ottawa | Reuters — Canada will maintain restrictions on non-essential travel with the United States until the coronavirus outbreak in both nations is much less serious, a senior government official said on Friday. The comments by federal Public Safety Minister Bill Blair suggest that the ban on non-essential travel could stay for months to come, […] Read more
U.S. grains: Corn, soybeans sag on harvest pressure, investor caution
CBOT December wheat closes higher
Chicago | Reuters — U.S. corn and soybean futures fell on Friday on expectations for the harvest of both crops to expand in the heart of the Corn Belt, and on investor caution following news of U.S. President Donald Trump’s positive test for COVID-19, analysts said. Wheat futures firmed on concern about dry weather in […] Read more
Food retail order boom may ease after big quarter, Conagra says
Reuters — Conagra Brands put better-than-expected first quarter sales on Thursday down to heavy ordering by retailers worried about the durability of supply chains in the months ahead as a second wave of coronavirus cases takes hold. Shares in the foodstuffs maker dipped as much as three per cent before recovering after chief financial officer […] Read more
Ginseng piling up in Canada despite Chinese demand
Travel restrictions depress new-crop sales
Winnipeg/Hong Kong | Reuters — The pandemic’s crushing effect on international travel has grounded Canadian exports of ginseng, a root widely used in Asia to treat everything from the common cold to impotency, at a time when health is top of consumers’ minds. Canada is the world’s second-largest ginseng exporter after China, with most of […] Read more
Plant-based protein maker Roquette sees short-term COVID-19 impact
Demand could accelerate second Canadian plant
Paris | Reuters — The plant-based protein market has seen a slowdown in new product launches and lower sales in restaurants and cafeterias due to COVID-19 but benefited from more people cooking at home and trying new products, French manufacturer Roquette said. The market for plant-based protein such as meat-free burgers has surged in the […] Read more
Fair funds help Ontario ag societies survive
Larger organizations that host many events in a year are hurting financially
Recent OMAFRA funding for agricultural and horticultural societies will help, but larger exhibitions are having serious challenges. The Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA) expanded the eligibility for agriculture societies’ annual grant application to help offset the financial losses brought on by COVID-19. For 2020 nearly $1 million are available to all […] Read more
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