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University of Guelph Breaks Ground for New Dairy Research Facility

University of Guelph Breaks Ground for New Dairy Research Facility

By Amanda Brodhagen, Farms.com

The University of Guelph broke ground on its new Livestock Innovation Centre for dairy research on Friday. The $25 million project is part of the university’s Elora Research Station, which will replace aging facilities with a new station that will expand the university’s livestock research capacities.

Built to be a world-class research facility, the new centre will address research and education needs of the dairy industry. Dairy Farmers of Ontario (DFO) touts that the new centre will help ensure Ontarians continue to receive high-quality dairy products that consumers demand. Some of the key research priorities include genomics and feed optimization to improve milk production.

The Ontario government has pledged $20 million towards the project, and DFO has committed $5 million.  The new research centre will also serve as an important resource for area dairy farmers. Currently, there are 4,000 dairy farms in Wellington County, representing about 10 percent of Ontario’s dairy producers. The new research centre is expected to be completed by fall of 2014.
 


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Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

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The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.