Cargill Set To Re-open On Monday

May 04, 2020

Cargill is looking at re-opening its meat packing plant in High River on Monday.

Jon Nash, Cargill’s North America Protein Lead says in partnership with health, regulatory officials and after taking actions suggested by the local union, we have made the decision to reopen our facility in High River, following a 14-day idle.

The company says all employees who are eligible to return to work in the harvest department are asked to report to work.

The reopening will see the processing facility running a single shift daily following a two-week temporary shutdown.

The company has been working with Alberta Health Services on a number of safety measures to help prevent the further spread of COVID 19.

Cargill has been connected with one of the largest COVID-19 outbreaks with more than 800 of its 2000 employees being infected.

In a statement the company says it has put in place a number of safety protocols from transportation to reassigning lockers, adding additional barriers, and increasing sanitation methods.

Click here to see more...

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!