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Bison Industry Looking To Grow Exports

Bison producers from across Canada are wrapping up their Annual Conference with the Bison Sale at Canadian Western Agribition.
 
Bison Producer Les Kroeger says they had strong attendance for the conference this year which highlighted some of the research results they’ve been working on which will be released publically in the future.
 
He notes one of the biggest concerns for the Bison industry is growing the export market but their making strides.
 
“We've established a good relationship with the U-S in ensuring that those relations and export opportunities are always available to producers. We've seen a lot of growth in the European export you know with the ratifying of CETA. Those are positive things for our industry.”
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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!