Canadian Beef Exports to U-S and Russia rise as bison prices drop.
As part of a comprehensive strategy for its Canadian canola business, Monsanto Canada has announced details of a 15 million dollar investment over the next two years to support its long-term canola strategy and deliver new crop technologies to Canadian farmers.
The announcement includes details of the construction of the new, state-of-the-art Monsanto Canada Plant Breeding Centre to be located adjacent to the current site of Monsanto's corporate Canadian head office located at the University of Manitoba's SmartPark in Winnipeg.
The plans also call for an upgrade and expansion of Monsanto's Crop Technology Research Centre in Saskatoon.
The Monsanto Canada Breeding Centre will cover approximately 29 thousand square feet and contain office space, labs and greenhouses and will serve as the home to the majority of the breeding effort for Monsanto's rapidly growing canola business.
Canadian Beef exports were 1.5 per cent higher during the first four months of 2009 than a year earlier.
The Canadian Beef Export Federation says the United States and Russia each purchased an additional three-thousand tonnes.
However, the global economic downturn has hurt sales to Mexico and key markets in Asia.
Both are down about 20 per cent.
The only exception is Taiwan, which is showing signs of economic recovery.
Canadian beef exports to Taiwan rose 94 per cent during the January to April period.
The Canadian Pork Council is at odds with a statement by an industry group in the United States.
The National Pork Producers Council says actions in Canada are hurting prices in the U-S.
However, the Canadian Pork Council says country-of-origin labelling laws south of the border are creating a bigger problem in Canada.
36 per cent fewer hogs have been exported to the United States this year compared with last year.
The unusually cool summer has had an effect on bison markets.
An oversupply of middle cuts has put downward pressure on prices.
The Canadian Bison Association reports poor weather conditions for barbecuing have weakened demand for cuts such as tenders, strips and rib eyes.
Boneless meat exports were down 14 per cent in the first quarter compared with last year.
But trim prices still remain strong with values of mature bulls and heifers holding steady.
The National Sunflower Association says exports of U-S sunflower oil to Canada are running 65 per cent ahead of last year and heading for a record.
The association says Canadian food processors are importing American sunflower oil for prepared foods and snacks.
It says nearly 56 thousand tonnes of oil were shipped to Canada from October last year through May this year.
That compares with 34-thousand tonnes during the same period last year.
Wheat markets have dropped significantly in recent weeks.
Kaitlin Hodgins of the Canadian Wheat Board says wheat futures in Chicago have been extremely volatile in the last month -- while demand for wheat in Minneapolis has been weak.
She says good weather in wheat growing regions around the world and a decent start to the harvest in Europe also are weighing on prices.
New crop wheat values in the board's July pool return outlook are down 12 to 17 dollars per tonne.
Farmers say renewable energy sources offer them incredible opportunities.
Keystone Agriculture Producers spokesman Ian Wishart says farmers would benefit from new policy tools and information on agricultural energy solutions such as biomass, wind power, and renewable fuels.
They want Ottawa and the Province to come up with effective policies, programs and incentives, for producers to become more energy efficient.
Alberta cattle producers are facing a severe feed shortage.
A cold, dry spring resulted in a shortage of hay and grass.
Doug Sawyer, a director with the Alberta Beef Producers, says he's heard about hay in southern Alberta selling at premium prices of 160 to 180 dollars a tonne.
He says that's double the normal price.