Daily news Archive - AGCanada
网页McDonald’s sues major beef producers in US price-fixing lawsuit. Reuters – McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing the fast food giant to pay artificially higher prices.
Food cost cuts deep in consumer food report - AGCanada
网页2 天之前 · The Canadian Food Sentiment Index: October 2024, released Oct. 10, is based on responses from more than 3,000 Canadians. Food prices have increased 27 per cent since 2019, the report said, and 84 per cent of respondents cited food as the expense that has surged the most in the past year. Nearly half — 48.2 per cent — reported that they look ...
FCC's top economic charts to monitor in 2024 - AGCanada
网页2024年1月12日 · Crops: Canola crushing set a first quarter record. Canada’s canola crushers set a record in the first quarter of the 2023/24 marketing year as new capacity came online (Figure 2). Canadian canola crush expansion was initially slated to add 4.5 million metric tonnes in 2024 however, rising construction costs, higher interest rates, and tight canola supplies the last several years have led to ...
Canada Packers label reemerges as Maple Leaf spins off pork …
网页2 天之前 · Maple Leaf announced in July it would split off its pork division into an independent entity. It will retain a 19.9 per cent ownership of the pork business. The two companies will form an “evergreen” pork supply agreement to provide Maple Leaf with pork, and Canada Packers with a secure “anchor customer,” the news release said.
Equipment sales expected to soften in 2024 - AGCanada
网页2023年11月16日 · Strong post-pandemic sales of farm equipment aren’t expected to continue into 2024 said Farm Credit Canada (FCC) in a new report. “Farm revenue is a main driver in equipment sales,” said said J.P. Gervais, FCC’s chief economist, in a Nov. 16 news release. “This year, the drought in western Canada has impacted overall production ...
Canadian wheat, canola stocks projections revised higher
网页MarketsFarm — Canadian wheat and canola ending stocks for the 2022-23 crop year are forecast to end up above earlier projections, according to updated supply/demand estimates from Agriculture and Agri-Food Canada, released late Friday. The updated estimates account for recent production and old-crop carryout numbers from Statistics Canada.
Land values continue to rise: FCC - AGCanada - AGCanada
网页5 天之前 · Glacier FarmMedia —Farm Credit Canada’s mid-year review shows cultivated farmland values rose an average of 5.5 per cent in the first half of this year. From July 2023 to June 2024 the increase was 9.6 per cent. J.P. Gervais, the federal crown corporation’s chief economist ,said values are increasing at a slower rate but described the ...
Early signs point to increased crop production in 2024/25: AAFC
网页2024年1月22日 · However, total wheat production in 2024/25 is forecast to increase to 33.296 million tonnes, from 31.954 million in 2023/24 due to an expected increase in yields. Canadian wheat exports are forecast to rise to 24.350 million tonnes in 2024/25, from an estimated 23.200 million in the current marketing year. The total wheat carryout is forecast ...
National Beef Strategy celebrates gains - AGCanada
网页2024年8月9日 · International beef demand hit a record high in 2023, and Canada exported 496,917 tonnes of beef at $5.02 billion. There have been gains in the environmental component of cattle production as well. The 2021 National Beef Strategy Assessment found that emissions from beef are down 15 per cent, halfway to the 2030 goal.
Larger Canadian crops predicted in AAFC’s first 2022 outlook
网页2022年1月24日 · MarketsFarm — A return to trend-line yields after the past year’s drought should lead to a significant increase in Canadian crop production in 2022, according to the first supply/demand estimates for the 2022-23 season from Agriculture and Agri-Food Canada (AAFC), released late Friday. Seeded area is expected to be up for wheat and the pulses, but down slightly for canola.