Country 105

Country 105

Agriculture Report

Feds Invest Funds In Slaughterhouses


Meat processing accounts for 20.5 billion in annual sales.


The World Organization for Animal Health has decided to lift age limits for export cattle that come from countries infected with B-S-E.

Until now, trade was limited to boneless meat from animals under 30 months of age.

The organization now says countries are safe to trade boneless cuts from animals of any age.

The President of the Canadian Cattlemen's Association Brad Wildeman says he doesn't expect these changes will have a major impact on Canadian markets.


The federal government is investing 50 million dollars in the livestock sector to improve slaughterhouses.

The program will make repayable contributions available to support investments made by the private sector aimed at reducing costs and raising revenue.

Meat processing is responsible for 20 and a half billion dollars in annual sales for Canadian livestock farmers.


The strong Canadian dollar has put pressure on our bison industry.

Prices have begun to level off over the last month as the value of the dollar continues to rise.

Slaughter bull prices have remained steady, but heifers have seen a 5 cent drop.

The bison industry has made a comeback over the last few years with new strategies to control supply and demand and keep prices profitable.


Hog producers in Canada and the U-S are uniting in an effort to bring prices back to a profitable level.

Producers are currently losing 25 to 30 dollars a head at a time when hog prices are usually at their peak.

Boyd Penner of Southeast Marketing says the situation is desperate enough that producers are considering destroying half a million animals.

Penner has been working with a group of producers in the U-S to create what they're calling a minimum loss program.

He says herd reduction will begin as soon as they have 500 thousand animals signed up for the program.


The Canadian Pork Council is urging the federal government to engage in talks aimed at an economic agreement with the European Union.

The council says it's important for the government to seek out new trade opportunities during times of economic uncertainty.

It says bilateral agreements such as those being pursued with Colombia and Peru will help diversify the export market and reduce dependence on the U-S to take Canada's products.


The debate over the merits of growing genetically modified wheat is back on the table.

Some farm groups in Canada, the U-S and Australia want to see the crop commercially grown.

But even if they overcome opposition to the technology -- the Grain Growers of Canada says that doesn't mean G-M wheat will be on store shelves any time soon.

The National Farmers Union opposes the move.


Archer Daniels Midland -- a major corn and soybean processor and agribusiness heavyweight -- reports its third quarter profit tumbled.

The Illinois based company says its profit fell 98 per cent to 8 million dollars in the three months ending in March because of a drop in sales and one time equity investment losses.


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