McDonald's Canada Is Going Back To 100 Percent Canadian Beef

Aug 18, 2020

One of the biggest backers of Canadian beef says it's returning to 100 percent Canadian beef next month.

McDonald's had to look for other sources of beef for its restaurants earlier this year, after outbreaks of COVID 19 at two major packing plants in Alberta. The shutdown of the Cargill plant in High River for two weeks led to a shortage of available beef and Mcdonald's had to find sources outside the country to fill the needs of its restaurants. But now that plants are back up to full slaughter capacity, a spokesman says the restaurants will once again be serving 100 percent Canadian sourced beef, starting again in September.

Despite the sourcing issues because of COVID, more than 80 percent of the restaurant chain's beef supply was met by Canadian sources during the worst of the pandemic. There is still no word on when McDonald's will reinstate their full menu as it has been reduced due to the pandemic.

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!