New Business Opportunity for Farmers Interested in Joining the Chicken Industry

Aug 27, 2021

Now in its tenth year, the New Entrant Chicken Farmer Program continues to help qualified new farmers enter the growing chicken business. Since the program’s inception, CFO has welcomed thirty-two family-run chicken farms into the industry. The CFO Board initially accepted two new entrants each year when the program was in its infancy. As the chicken industry continued to succeed, the Board recognized areas for growth and expanding market opportunities – as a result, four families were accepted into the program in 2020.

New farmers accepted into the program will benefit from the wide range of support services offered by CFO, including educational resources, on-farm training and other assistance to ensure that every new farmer can make a successful transition into the industry.

Source : CFO

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!