Canadian beef: A strong dollar makes for weak steaks

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Saturday, December 13, 2014

TOP STORY

Canadian beef: A strong dollar makes for weak steaks

The country's beef cattle industry rose and fell in inverse step with the Canadian currency.

While American cattle are boxed in by parched pastureland and low domestic demand and Brazil is exchanging its feed surplus to augment its competitive advantage in red meat exporting, North America's number two red beef exporter has problems of its own.

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EXCLUSIVE

MARKET REPORTS

	Price fall slows in China lysine market
	Lysine producers and traders were more reluctant to cut prices in anticipation of stronger demand as feed millers prepare for pre-Chinese New Year market during January and mid-February.
	Sharper methionine price falls in China even as producers lift quotes
	Evonik-Degussa lifted price quotes of methionine in a bid to stabilise sliding prices in China but in vain, as continued to withhold purchases in anticipation of lower costs of the product.
	China Fishmeal Weekly: Traders hold prices firm despite weak demand
	China Livestock Market Bi-Weekly Review: China livestock markets weak amid inconsistent pork demand growth, avian epidemic threat
	China Live Hog Weekly: Hog market weakens despite stable pork carcass prices
	China Broiler Weekly: Weak trends persist
	Vietnam farmers return to raising giant tiger prawns as prices stabilise
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NEWS

INDUSTRY

	Adisseo's Nanjing plant achieves FAMI-QS certification
	Adisseo, one of the world's leading manufacturers of nutritional solutions for animals, has been granted FAMI-QS certification for the production of the methionine, Rhodimet AT88, at its Nanjing production site in China.
	DSM appoints new staff to Asia Pacific Aquaculture segment
	Solvay and Orffa expand partnership
	Kemin appoints global key account manager
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FEED

	Novus to expand ALIMET capacity
	Novus International, Inc. ("Novus") intends to expand its ALIMET methionine manufacturing capacity in the United States Gulf Coast region.
	Eastman Chemical acquires Taminco for US$2.8 billion
	Nutriad releases results of mycotoxin survey for Poland
	Sanyi Group to launch new bio-feed for swine
More

LIVESTOCK

	Cargill plans US$1 billion investment in Indonesian palm and poultry
	Cargill may invest US$1 billion in Indonesia over the next three to four years, with a focus on entering the country's poultry sector and expanding its palm business there, the CEO of the company told Reuters.
	Belgium's Roxell appoints new product manager for pig sector
	China to increase the scale of swine farms by 50% in 2015
	Indonesia facility to boost Konspol's poultry meat sales to Asia
More

FOOD

	Tyson Foods to drop Brazil, Mexico operations
	The deals to sell Tyson Foods' Brazil and Mexico operations to its competitor JBS are expected to finally close at the start of 2015 and by March of the same year, respectively. The larger Mexico deal is only awaiting regulatory approval, said Tyson CEO Donnie Smith.
	Mexico regards China asmost important Asian export market for its pork produce
	Indonesia starts 'people's farming' to attain meat self-sufficiency
	Indian shrimp exports to reach US$6 billion target
More

CROP

	Sumitomo Chemical acquires DuPont's insecticide business
	Sumitomo Chemical has acquired the DuPont� Asana� Insecticide business in the United States.
	China cuts corn imports by 400,000
	EU and member states reach compromise on approving GM food
	EU's 2015 rapeseed harvest second biggest despite 10% drop from 2014
More

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