XL Foods Beef Plant Approved to Partially Reopen

Oct 11, 2012

Canadian Food Inspection Agency Allows Brooks Plant to Partially Reopen

The Canadian Food Inspection Agency (CFIA) has granted XL Foods Inc. plant to reopen the beef processing plant. The plant will only resume with partial operations and CFIA has laid out strict conditions as to which the company is allowed to operate. The CFIA has said that all corrective measures have been fixed such as cleaning and sanitization, drainage issues and freezer problems have all been addressed. The company is only allowed to process beef carcasses that are already in the plant and have tested negative for E. coli contamination. With this announcement also came an expanded beef recall for two products - one sold in New Brunswick and the other in Quebec – Janet’s Jerky’s and corned beef. There have been no reported illnesses associated to the most recent product recalls.

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

Food Recall: Fresh Express Romaine Salad Packages Recalled Over Salmonella Concerns

US Dairy Industry Needs to Face New Market Realities