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Alberta Beef Producers Call For Delegates

Cattle producers who want to take a more active role in representing the industry have until midnight Thursday, October 15th to submit their nomination papers for the Alberta Beef Producers.
 
The grassroots producer organization has been going through some structural and operational changes including moving from nine zones down to five.
 
ABP is currently looking to elect seven delegates in five zones - the Northwest, Northeast, Central, Southwest and Southeast. Four of the delegates in each zone will serve two-year terms, while three will serve one-year terms.
 
Given the current COVID-19 restrictions the Alberta Beef Producer Meetings are moving to an online format for this year.
 
Delegate elections will be held by mail-in ballot or online voting.
 
An election voting package will be mailed out to all eligible producers with more details.
Click here to see more...

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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!