Another of Canada’s major pork and poultry packers has reported significant net losses in its 2022 ledger, but sees “green shoots” suggesting a return to normal pork markets and stable supply chains this year. Maple Leaf Foods on Thursday reported a net loss of $311.89 million on $4.739 billion in gross sales for its fiscal […] Read more
Tag Archives inflation — page 5
Maple Leaf sees ‘inflection point’ beyond red ink of 2022
Packer books net losses in Q4, full-year
Ontario land values rise by double digits – again
Grey, Essex, Elgin see rates climb well over 30 per cent
Southwestern Ontario farmland values continued to soar in 2022, with some of the most significant increases occurring in what were, at one time, historically undervalued counties. According to the latest farmland values report from Valco, a London-area real estate appraiser, farmland values across the 11 Southwestern counties increased by 25.65 per cent. This, said author […] Read more
Grocery execs on hot seat at agriculture committee
MPs studying food price inflation take the industry to task for not helping consumers while earning higher profits
Glacier FarmMedia – House of Commons agriculture committee members from all political parties last month grilled grocery retailers over food prices. Francois Thibault, executive vice-president and chief financial officer for Quebec-based Metro Inc., was particularly taken to task by Conservative MP Lianne Rood for fees retailers charge produce growers to place their products in stores […] Read more
Opinion: Are interest rates the right tool to fight inflation?
The Bank of Canada’s ‘resolute’ fight against inflation could threaten its credibility
The Bank of Canada “resolutely” declared it will fight inflation by raising interest rates. To demonstrate its unwavering commitment to reach its two per cent inflation target, the eighth consecutive interest rate hike on Jan. 25 brings the policy rate to 4.5 per cent. The bank’s logic is this: when demand outpaces what the economy […] Read more
Inflation remains top of mind for organic marketers
Organic produce sales in the U.S. declined in 2022 as consumers cut costs
Rising food prices are one of several factors creating turbulence in the organic marketplace. But, as attendees at the recent virtual segment of the 2023 Guelph Organic Conference learned, inflation will likely remain top of mind in 2023. For the first time in more than a decade of monitoring the U.S. marketplace, analyst Tom Barnes […] Read more
U.S. grains: Soybeans end higher in choppy trade
CBOT corn mixed, wheat down; MGEX, K.C. wheats up
Chicago | Reuters — U.S. soybean futures inched higher on Thursday while corn ended narrowly mixed after a choppy session as traders weighed poor crop prospects in Argentina against the expanding harvest of a massive Brazilian soybean crop and fears of rising interest rates, analysts said. Chicago Board of Trade (CBOT) wheat futures fell on […] Read more
U.S. livestock: CME live cattle ease on profit-taking
February cattle lower after nearing eight-year top; hogs follow cash prices higher
Chicago | Reuters — U.S. live cattle futures closed lower on Tuesday on profit-taking after rising to the highest levels in nearly eight years, with worries about the health of the U.S. economy adding to bearish sentiment, analysts said. Benchmark April live cattle futures on the Chicago Mercantile Exchange settled down 0.425 cent at 164.675 […] Read more
Farm revenues should rise in 2023, but so will costs
Annual FCC Economic Outlook focuses on predicted global economic slowdown
Food price inflation and labour market volatility remain the post-pandemic factors to watch, Farm Credit Canada finance specialists said during the agency’s annual economic outlook Jan. 24. Although challenges like supply chain disruptions and fluctuating input costs have eased somewhat, they will likely have an effect on farm costs and profitability in 2023. Held the […] Read more
Increasing interest rates put pressure on national debt obligations
Shifts continue in global policies and politics, says commodities economist
Trying to predict the course of commodity prices from one year to the next is a complex task. It requires a broad understanding of global monetary and geopolitical influences that can be confusing and contradictory. Arlan Suderman, chief commodities economist with StoneX Group, gave attendees at the recent Ontario Agricultural Conference a robust overview of […] Read more
Federal NDP ag critic to handle food inflation file
Mini-shuffle follows new critic portfolio
Canada’s federal New Democrats have appointed their critic for agriculture and agri-food to a new point position on a major issue for the fourth-ranked opposition party. After the House of Commons resumed sitting last Monday (Jan. 30), NDP leader Jagmeet Singh on Friday named Alistair MacGregor, MP for the Vancouver Island riding of Cowichan-Malahat-Langford, to […] Read more
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