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Big Ag wants a cut of booming fake-meat market

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tagged Bayer Beyond Meat bunge Burcon Canola cargill Corteva fake meat Lightlife Maple Leaf Marfrig pea protein protein soy protein Wheat
Winnipeg/Chicago | Reuters -- Bunge, one the world's biggest grain traders, recently disclosed the 1.6 per cent stake it had purchased in the fast-growing fake-meat startup Beyond Meat. The play looked smart after the stock surged more than 250 per cent since the faux burger and sausage maker's initial public offering in May. Indeed, Beyond Meat's market capitalization of $9.9 billion is now larger than that of Bunge, a 201-year-old firm with 31,000 employees (all figures…
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Grain Farmers of Ontario seeking new CEO

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tagged Barley Barry Senft CEO Corn GFO Grain Farmers of Ontario oats ontario Soybeans Wheat
Ontario's biggest ag commodity organization is on the hunt for a new CEO as its first chief prepares to exit. Barry Senft announced Tuesday he will step down as CEO of Grain Farmers of Ontario in April 2020, a post he's held since the 2009 merger of the province's corn, soy and wheat grower groups under the GFO banner. GFO, which represents about 28,000 growers provincewide, said Tuesday it will…
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Ag minister returned, ag critic downed in Manitoba vote

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tagged agriculture critic election manitoba minister Ralph Eichler Ted Marcelino
Manitoba's Progressive Conservatives easily kept their agriculture minister while hanging onto a marginally slimmer majority government in Tuesday's provincial election. Ralph Eichler, the Tories' ag minister since 2016 and the MLA for the Interlake-area constituency of Lakeside since 2003, defeated New Democrat challenger Dan Rugg of Elie on Tuesday night by a spread of 4,340 votes. Eichler had stints as a purebred Simmental and commercial cattle producer, as owner and operator of…
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Klassen: Feeder market experiences mixed tone

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tagged alberta Barley calves cattle futures fed cattle feeder cattle feedlots heifers manitoba prices saskatchewan steers yearlings
Compared to last week, western Canadian yearling prices traded $3-$5 on either side of unchanged. Auction market volumes are growing in Saskatchewan and Manitoba; however, central Alberta prices held a definite premium of $8-$10 over the eastern Prairie regions. Ontario orders are starting to surface in Manitoba but prices were out of reach with Alberta feedlots' interest in the western Prairies. Alberta packers were buying fed cattle in the range of $139 to $141 last week. Negative feeding…
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Pulse weekly outlook: Wrinkles, loss of colour problems for lentils

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tagged colour Globeway Canada grading green lentils harvest Lentils prices red lentils wrinkles
MarketsFarm -- As Canada's lentil harvest comes along slowly, issues with wrinkles and the loss of colour have arisen, according to Markus Mosnaim of Globeway Canada in Mississauga. Loss of colour in green lentils translates to a downgrade, he said. "It can drop to No. 2, depending on how much colour is lost." Wrinkles, meanwhile, refer to sharp ridges, called coat folds, on the seed, along with pronounced depressions, called indents, according to the Canadian Grain…
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U.S. grains: Crop condition rating lifts corn

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tagged argentina Australia cbot closing markets Corn crop conditions futures soybean USDA WASDE Wheat
Chicago | Reuters -- U.S. corn futures rebounded on Tuesday from four-month lows struck in the previous session after the U.S. Department of Agriculture said the U.S. crop's condition unexpectedly declined over the past week. Soybeans followed corn higher despite steady crop condition ratings, as worries about lower yields in the late-developing crop underpinned prices. Wheat gained on spillover support from higher corn and soy, and on concerns that dryness in some Southern…
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U.S. livestock: Lean hogs advance on China trade hopes

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tagged Beef Cattle Cattle China closing markets CME feeder cattle futures hogs lean hogs live cattle Pork Swine
Chicago | Reuters -- Chicago Mercantile Exchange lean hog futures jumped on Tuesday as expectations rose for China to increase pork imports from the United States, traders said. China, the world's top pork consumer, is expected to buy more U.S. agricultural products in hopes of a better trade deal with Washington, the South China Morning Post
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Clubroot able to beat resistant canola reaches Manitoba

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tagged alberta Canola clubroot galls infection manitoba pathotype pathotype 3A Pembina resistance scouting soil virulent
A strain of clubroot able to club the roots of some resistant canola varieties has made its way east to Manitoba. Manitoba's agriculture department reported Friday that clubroot pathotype 3A -- a strain that can "overcome some first-generation sources of genetic resistance" in commercial canola -- has been positively identified in the south-central rural municipality of Pembina. Canola varieties that have been traditionally rated as "R" or "resistant" won't be effective in preventing…
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FCC to offer flexibility in hurricane-battered areas

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tagged Atlantic Canada damages Dorian electricity Farm Credit Canada Hurricane loans new brunswick Nova Scotia power Prince Edward Island rainfall repayment roads winds
Farm Credit Canada says it plans to help its farmer clients in Atlantic Canada work around financial pressures following Hurricane Dorian's passage through the region over the weekend. "We won't know the full extent of damage for some time, but we've already heard that some customers will likely be facing some financial hardship as a result of Dorian's damaging winds and heavy rainfall throughout the region," Faith Matchett, FCC's vice-president of operations for Atlantic Canada, said in a…
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