Farms.com Home   Ag Industry News

Ritz Meets with Canadian Beef Producers in P.E.I.

By Amanda Brodhagen, Farms.com

Federal Agriculture Minister Gerry Ritz remains firm on the importance of ending the mandatory U.S. Country-of-Origin-Labeling (COOL) that he argues unfairly discriminates against Canadian livestock, especially cattle and hogs.

Ritz offered comments about COOL while meeting with beef farmers at the Canadian Cattlemen’s Association (CCA) semi-annual meeting being held in Charlottetown, Prince Edward Island this week.  Gail Shea, P.E.I. MP and Minister of Fishers and Oceans, joined Ritz at the conference.

“COOL is not delivering what the American [Obama] administration said it would do,” he said in an interview with Farms.com. The ongoing trade dispute over the meat labeling rule has been heard at the World Trade Organization. A ruling is expected sometime this fall.

Canadian beef producers “have faced some significant challenges since BSE, and they are coming back,” he said, adding that the industry is stronger than it has ever been, with record beef prices attracting young people back into the sector.

Dave Solverson, CCA President says that the Canadian beef industry “appreciates how much work the Minister does to open markets.” The Minister stated that the feeling is mutual, noting that he has enjoyed working with the CCA leadership over the years and is confident that they will continue as he says to “work hard” together to deliver positive results for Canadian beef producers.

The CCA semi-annual meeting and convention brings together beef cattle farmers and industry representatives for networking and discussion about policy. CCA organizers aim to host the event in a different region of Canada each year. The 2014 semi-annual gathering runs from August 13 to 16, 2014.

Canada is the eighth-largest beef exporting country in the world, with annual exports of $1.3 billion in 2013. Beef is also the largest sector of the country’s food manufacturing industry.

(Contributed photo: Minister Ritz speaks with CCA’s Dave Solverson and Ivan Johnson at the CCA semi-annual meeting in Charlottetown, P.E.I.)


Trending Video

Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.